But the whole reason we’re even having the discussion is because of the evidence that more people are remote working. So I’m assuming we’re talking about people who might have to go to their office at max two or three days a week in the extreme cases? Not sure how that will create enough of a market drain to make NYC, Boston, or San Fran living affordable?
I think the suggestion to reclaim business districts is the only rational way forward with any kind of chance of lowering prices. There just don’t seem to be enough people willing to live outside the city to bring down prices. If anything, everything price-wise points to market demand increasing.
2-3 days/week isn't daily but still qualifies as pretty frequent. From first-hand experience, I still don't want more than an hour commute. Of course, I don't need to live right in the city for that but, especially in the absence of a good commuter rail system (which those specific cities have to at least some degree), you can't move that far out.
But the whole reason we’re even having the discussion is because of the evidence that more people are remote working. So I’m assuming we’re talking about people who might have to go to their office at max two or three days a week in the extreme cases? Not sure how that will create enough of a market drain to make NYC, Boston, or San Fran living affordable?
I think the suggestion to reclaim business districts is the only rational way forward with any kind of chance of lowering prices. There just don’t seem to be enough people willing to live outside the city to bring down prices. If anything, everything price-wise points to market demand increasing.