I think you nailed it, but an added wrinkle is that I’ve seen a lot of people (myself included) have worse work/life balance with wfh. When there’s no separation between you and “the office” it’s very easy to just never stop working. The number of night time emails and after hours meetings I’ve gotten skyrocketed after everyone started working from home, and it’s a similar situation across my broader friends & coworkers cohort.