This. And when they burn you out and you have no support network or family and programming jobs in the area are all full of programmers who got fired from X, because you moved there.
Lucasfilm tried to recruit me once-- which would have been my dream job-- but couldn't match what I was being paid in Orange County. The recruiter actually tried to convince me my housing costs would be less in the bay area. I had family in the bay area and they all confirmed that Lucas was a notorious abusive employer.
I had a similar thing with Dreamworks-- they best offer they could make was 25k less than I was making at the time.
That is one thing we are going to be writing extensively about regarding remote jobs in the coming years.