I agree that WFH is better for society, but anecdotally, it probably caused more of a housing crisis here in CA. Folks took their bay area salaries and moved to cheaper suburbs and totally wrecked the RE market. And I have read stories of similar things happening in other places that techies flocked to, like Austin, though I don't think it's necessarily fair to blame that on remote work because there were other factors in play there (politics for example)