I am a huge fan of remote work, but this is just wrong. The current state of remote work is not sufficient to replace the office environment for most tech cases, especially not small startups where low communication latency and overhead, high degree of alignment among team members, and spontaneity are important. Not to mention the numerous non-tech jobs where being physically present is literally a job requirement.

This also ignores the non-work reasons people might want to live in an area, as well as the positive network effects from higher urban density.