That doesn't match my experience in the slightest - I've been on a remote team for almost a decade now. Most of the team moved when they got the chance, as do most new hires. Some move to the mountains, some to the ocean, some to rural homesteads, others to different cities, or simply to the home they want instead of the home dictated by their commute. A few have moved again over the years when they change jobs, but we're talking less than 10%. Even as most of us have all moved on from that original team, we still live where we choose because remote jobs are even easier to find now vs. a decade ago.

You are right about one thing - my grocery shopping is now 15 minutes away instead of 5. As I sit at my desk, looking over the countryside and watching my boys play in the snow while the birds flit about my window... I'm 100% satisfied with that trade off.