By Alana Semuels, March 11, 2022 7:00 AM EST
link: https://time.com/6156751/remote-work-office-housing-market/
Return to the Office? Not in This Housing Market
Workers are being asked to choose between hellish commutes or unaffordable real estate. Some are saying no.
time.com
Summary
Last week, President Biden called on Americans to return to their offices; "get back to work and fill our great downtowns again" in the situation of 30% of home prices rise, 16% of renting prices rise, and 78% of gas price rise over the past two years. As follows, many companies have had their workers back in their offices.
Nevertheless, a new working system has arrived in the US, especially Google and Apple: a hybrid work structure, in which employees come into the office 2-3 days a week. Within a hybrid working, housing prices in suburbs and exurbs of big cities have soared; expensive everywhere now.
You need not worry about downtowns by permanent remote work as follows: third spaces, doughnut effect on cities, and easier commutes.
Plus, during the pandemic, the majority of employers switched to fully remote, and the family came to spend more time with each other; "Now, me and my wife are walking our kid to and from school, and that's incredible. I'm not going to trade that for anyone," said Ryan Pollard.
According to Bloom, a Stanford professor, remote work could help get more people from the sidelines into the labour market.
