I think pandemic created a one in a lifetime structural change (remote work) that is going to take years/decades for supply to catch up with demand. I keep seei

I think pandemic created a one in a lifetime structural change (remote work) that is going to take years/decades for supply to catch up with demand. I keep seeing YouTube analysts predicting a housing crash every year for several years in a row... I think they are missing that there are not as many 'local' jobs/wages anymore and a lot of the demand is from those remote/hybrid workers moving into areas that previously only had local jobs and thus housing remained more closely tied to those wages. That paradigm is now broken or forever changed. Instead of living in SF, people moved to Napa/Sonoma/Petaluma/Sacramento/Tahoe/Monterey/Santa Cruz, etc. so now housing prices have gone up in those places. Hopefully the housing/zoning laws that have been passed in California start to have an impact and we see more housing development, but I still think there are legal barriers that prevent that.