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I agree that WFH is better for society, but anecdotally, it probably caused more of a housing crisis here in CA. Folks took their bay area salaries and moved to
by abustamam 2y ago
I agree that WFH is better for society, but anecdotally, it probably caused more of a housing crisis here in CA. Folks took their bay area salaries and moved to cheaper suburbs and totally wrecked the RE market. And I have read stories of similar things happening in other places that techies flocked to, like Austin, though I don't think it's necessarily fair to blame that on remote work because there were other factors in play there (politics for example)
- ajuc 2y ago> Folks took their bay area salaries and moved to cheaper suburbs and totally wrecked the RE market. Isn't that what we want? Land prices averaging out? Then we can build where it's cheaper so more people have homes (with access to good jobs). It probably won't be limited to suburbs, if you can WFH from the same state - you can WFH from another state.
- rescbr 2y agoLand prices averaged up, but local salaries aren’t doing the same.
- CalRobert 2y agoIsn’t that improving the housing shortage in the bay?