It's official: Remote work is going to make it easier to buy a home.
It's easy to blame remote workers for the chaotic housing market: Highly paid white-collar employees helped turn once cheap locales into expensive "Zoomtowns."
But a new analysis argues that, eventually, the shift to working from home may turn into the antidote for the price spikes we've seen. Because in the long run, it'll enable more workers to live in areas where housing is cheaper and easier to build.
Places where remote workers are flocking — the Sun Belt region and suburban areas — are exactly the kinds of locations that are best-equipped to rapidly build lower cost housing to absorb the flood of newly remote workers. And the population shift to these more affordable metros will also help alleviate some of the price pressure in major cities like New York City and San Francisco.
One of the authors of the new study told reporter James Rodriguez, "People are able to consider affordability more, while putting less weight on, 'I need to be near the office.’”
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