The prices are high in major cities because lots of people want to live there. Remote work will reduce demand as people don’t need to commute. But lots of peopl

The prices are high in major cities because lots of people want to live there. Remote work will reduce demand as people don’t need to commute. But lots of people like to live in the city, either because like what city provide or their life there. All the economic activity means there a lot of in-person jobs. With remote work, lots of people who don’t care about particular city will move to smaller ones. But if increased density increases supply, I bet lots of people will move to desirable cities. People who want the big city or want the jobs, but couldn’t afford it before.