Re:Nearly 12M Square Feet of Vacant Office Space in S.F
by hn_throwaway_99 on Sunday October 25, 2020 @08:23PM
(#24891485)
I disagree. If I only had to come into the office, say, once or twice a week (3x might be pushing it) I'd be willing to live much further out because I'd be willing to tolerate a horrible commute if I only had to do it a small percentage of the time.
For example, in Austin, these days anything located within a half hour of downtown tends to be horribly expensive. But just go a little beyond that and house/real estate prices drop precipitously. You're going to see a boom in these exurbs as these "mostly remote" jobs increase.
Re:Nearly 12M Square Feet of Vacant Office Space in S.F
by 6gvONxR4sf7o on Monday October 26, 2020 @12:33AM
(#24892851)
Not to mention that the area available within N miles grows quadratically with N, so it'll run out more slowly/be more spacious.
From my perspective, this is worst of all possible scenarios. Employees are still shackled to an expensive city, but now they must pay for housing that supports a dedicated "home office" space (e.g., a larger apartment with an extra room, or carving out part of their living room/bedroom). This is just shifting the cost burden of real estate from the company onto the employees.