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It's not because of remote work, it's because of blue state pandemic lockdown rules, crime, high taxes, etc. Smaller towns I can see remote work pushing the nu
by hunterb123 4y ago
It's not because of remote work, it's because of blue state pandemic lockdown rules, crime, high taxes, etc.
Smaller towns I can see remote work pushing the numbers up, but those cities are from people moving to them for many reasons, usually because the last place sucked, take a look at where they are moving from.
- inphovore 4y agoYes, and 90% of experienced tech has the same dream… organic farm in the country, the perfect epicurean lifestyle. The pandemic and remote liberality pushed many out of urban and into rural life.
- inphovore 4y agoGeeze, quit down voting me already. Killing my meager score, why is this not true? You don’t want an epicurean organic rural farm?
- kurikuri 4y agoMaybe not entirely, but remote work accounts for half of the price increase: https://www.nber.org/papers/w30041 https://www.nber.org/papers/w30041
- bradknowles 4y agoYou forgot the real estate speculators that are trying to cash in on driving up prices into the sky, so that they can turn around and rent or sell these properties at a massive profit to the people who are moving into the area. If you could eliminate the speculators, then the house price rise would probably be a lot closer to the income rise.