Return to the Office? Not in This Housing Market

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Return to the Office? Not in This Housing Market
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What many workers hear when they're called back to the office is that they're expected to either pay a big chunk of their paychecks to live close to the office or save money on rent and weather longer—and more expensive—commutes

Inside the Next Housing Crisis

Matthew Delventhal, a labor market economist formerly of Claremont McKenna College, found that if 33% of workers in Los Angeles telecommuted , home prices in the region would fall 6%. Life becomes easier for almost everyone— because fewer workers are commuting, commutes become easier for people who are still going into a workplace. Some service jobs moved to the periphery of cities, where workers were relocating, making them more accessible to people who live even further from city centers.

Pollard still works for the same software company; his wife got a new job at another company that allows fully remote work. Neither wants to consider any job that doesn’t let them work remotely.

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