Earlier quoted context omitted.
I couldn't agree more. If I could work from home permanently I would move far far away from where I am currently living. I would get myself a nice condo or small house, and settle in. Currently, where I live, despite the fact that I make almost 30k/year more than the medium average income I still can only just afford a one bedroom apartment spending the suggested 30% of my income. Imagine being able to buy a house!!!…
What's the guarantee that say your San Francisco/NYC employer will keep paying you city rates when you are living in a small town in mid-west. At some point they will catch up and start saving money this way. Everyone at a tech company is not a crucial employee. Don't get me wrong, I am all in for getting paid SF rates while living in a cheap Texas suburb.
Companies: "I don't have to pay you $big_city rates because you live in $small_town and nobody there will offer you $big_city rates."
Candidates: "I don't have to accept $small_town rates because I work remotely and can work for a company in $big_city."