4 ms·

I think you highlighted an important concept. Rather than overpay, people can look further out from a city center and get cheaper housing. Sure the commute ma

I think you highlighted an important concept. Rather than overpay, people can look further out from a city center and get cheaper housing. Sure the commute may be longer but there has been a lot of remote working over the last year or so, many companies going fully remote. Home buyers have many choices and at a certain price, its simply too much and they go elsewhere. I think zillow is trying to unload their mistake onto some entity they can convince it is still worth it.

ineedasername 5y ago
>look further out This is what has driven up housing prices where I live. It's having a ripple effect as those with more flexible WFH schedules decide they can now afford to buy a home outside of the city, and those outside the city realize they can get a significant upgrade in home quality for no extra cost by moving still further away. As people begin to make choices like this at a systemic level, I really think the WFH genie is well & truly out of the bottle for good: When people can get a significant boost in quality of life & w/l balance with nicer living quarters & more flexible schedule, we simply won't be willing to take a job that doesn't allow for this. Especially once we've made the move away from central business hubs already and would otherwise have to move back.
- mattbrewsbytes 5y ago
  What would be really nice to see is some of the nearly vacant small rural towns see a resurgence of some kind. Grant programs by the government to spark a movement to these areas would be interesting.