Price is defined on the margin. Lack of forced demand from local workers will drive prices down, unless the leisure aspect of the locale outweighs the work aspe

Price is defined on the margin. Lack of forced demand from local workers will drive prices down, unless the leisure aspect of the locale outweighs the work aspect. It's subject to debate which locales would stand to net gain/lose from WFH, but I'd pick NYC as a net loser. You gain some who enjoy the city life and amenities, but you lose more to lower COL locales. Price will always be a factor weighed alongside amenities, even if one area is objectively nicer from an amenities perspective