Remote work destroyed communities

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP. I also telework but I stayed in my own house. Sadly, I can’t ever move now. I don’t make NYC or CA salaries and live in a low COL area that locals are now locked out of.

I think a lot of people are forced to stay put in their current house because interest rates shot up, making monthly payments go up by like $1,000.

Before that, people were forced to stay out in their current house because housing prices were increasingly rapidly because of artificially low interest rates.

Before that, housing prices were out of control because of creative financing, backed by the government.

The housing economy you grew up in has not been attainable for nearly 30 years.

If they bought before and are stuck in a house due to their low interest rate, they are not in trouble with housing.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sure....it's remote work. It couldn't be artificial inflation of property values due to interest rates, low supplies because builders didn't build for 20 years, nor the restrictive zoning laws everywhere that make it impossible to build affordable homes.

HOAs should be banned from existence for starters.

When home prices go up 3x or more, and all the new buyers are from NY… that’s the reason, not restrictive zoning.

Equity locusts have been a thing for a while

https://www.washingtonpost.com/archive/politics/1979/12/22/to-most-idahoans-a-plague-of-locusts-is-californians/25e23e12-8853-4ad1-8fe5-da2aaafcd108/

[Anonymous]

Blame the sellers cashing out.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Remote work has destroyed entire towns. This will be a controversial thing to say here, as it probably hasn’t affected anyone in DC, but entire cities that were once affordable to its workforce have become utterly unaffordable to anyone who works there. Case in point: Nashville, Miami, countless beautiful towns in NC, SC, TN, AZ, FL. So where are all these workers supposed to live now that remote workers jacked up prices by 3x?

What are you saying, that capitalism s*cks?

It wasn't capitalism, though. It was a 100% artificial move by governments who instituted SAH orders in order to permanently affect sweeping societal change.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Remote work has destroyed entire towns. This will be a controversial thing to say here, as it probably hasn’t affected anyone in DC, but entire cities that were once affordable to its workforce have become utterly unaffordable to anyone who works there. Case in point: Nashville, Miami, countless beautiful towns in NC, SC, TN, AZ, FL. So where are all these workers supposed to live now that remote workers jacked up prices by 3x?

What are you saying, that capitalism s*cks?

It wasn't capitalism, though. It was a 100% artificial move by governments who instituted SAH orders in order to permanently affect sweeping societal change.

Those orders were rescinded years ago. Cheap housing in picturesque towns with the ability to work a high paying is a market inefficiency that is being corrected- that is pure capitalism.

[Anonymous]

Having remote workers in communities have also built a lot of jobs. Those remote workers with their big city money spend some of it at the local restaurants, shops, hire local folks for construction/landscaping/electrical work/etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Remote work has destroyed entire towns. This will be a controversial thing to say here, as it probably hasn’t affected anyone in DC, but entire cities that were once affordable to its workforce have become utterly unaffordable to anyone who works there. Case in point: Nashville, Miami, countless beautiful towns in NC, SC, TN, AZ, FL. So where are all these workers supposed to live now that remote workers jacked up prices by 3x?

What are you saying, that capitalism s*cks?

It wasn't capitalism, though. It was a 100% artificial move by governments who instituted SAH orders in order to permanently affect sweeping societal change.

It was primarily caused by the extended school closures in blue states that forced parents to stay home long after employers would have brought them back. The irony is that many remote workers from blue states moved to red states that didn't have the overly restrictive covid policies.

[Anonymous]

Good. This will make more areas of the country less extremist and more moderate/purple.

[Anonymous]

Anonymous wrote:Good. This will make more areas of the country less extremist and more moderate/purple.

This hasn’t happened in Miami. Miami used to be a Democratic city, now it’s Republican. I don’t think that the transplants are all liberal.

[Anonymous]

Anonymous wrote:Having remote workers in communities have also built a lot of jobs. Those remote workers with their big city money spend some of it at the local restaurants, shops, hire local folks for construction/landscaping/electrical work/etc.

It improved the restaurant scene but was very detrimental for any other types of services. I now have to wait 4 months for a dentist appointment (used to be 2 weeks), 6 weeks for vision test (used to be next day), and my hair salon increased its prices dramatically. So it is a net loss, at least to me and most other locals who don’t work in restaurants.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Good. This will make more areas of the country less extremist and more moderate/purple.

This hasn’t happened in Miami. Miami used to be a Democratic city, now it’s Republican. I don’t think that the transplants are all liberal.

No, Miami is purple and has flipped back and forth for some time now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Having remote workers in communities have also built a lot of jobs. Those remote workers with their big city money spend some of it at the local restaurants, shops, hire local folks for construction/landscaping/electrical work/etc.

It improved the restaurant scene but was very detrimental for any other types of services. I now have to wait 4 months for a dentist appointment (used to be 2 weeks), 6 weeks for vision test (used to be next day), and my hair salon increased its prices dramatically. So it is a net loss, at least to me and most other locals who don’t work in restaurants.

It sounds great for the dentist, optometrist, and stylist

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Remote work has destroyed entire towns. This will be a controversial thing to say here, as it probably hasn’t affected anyone in DC, but entire cities that were once affordable to its workforce have become utterly unaffordable to anyone who works there. Case in point: Nashville, Miami, countless beautiful towns in NC, SC, TN, AZ, FL. So where are all these workers supposed to live now that remote workers jacked up prices by 3x?

What are you saying, that capitalism s*cks?

It wasn't capitalism, though. It was a 100% artificial move by governments who instituted SAH orders in order to permanently affect sweeping societal change.

Those orders were rescinded years ago. Cheap housing in picturesque towns with the ability to work a high paying is a market inefficiency that is being corrected- that is pure capitalism.

Exactly. People switched from a tight 2 bedroom in NYC to a 5 bedroom, 5k sq ft house in a scenic warm area of the country. Said house probably went from $1M to $4K in a span of just a few years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Having remote workers in communities have also built a lot of jobs. Those remote workers with their big city money spend some of it at the local restaurants, shops, hire local folks for construction/landscaping/electrical work/etc.

It improved the restaurant scene but was very detrimental for any other types of services. I now have to wait 4 months for a dentist appointment (used to be 2 weeks), 6 weeks for vision test (used to be next day), and my hair salon increased its prices dramatically. So it is a net loss, at least to me and most other locals who don’t work in restaurants.

It sounds great for the dentist, optometrist, and stylist

The insurance reimbursement rates are the same.

[Anonymous]

LOL at Miami being some up and coming town. Prices in Miami have been out of control for ages.