There are winners and losers every time there's large change.
Those people slogging out 1.5hr commutes from the outer suburbs are the winners because remote work even with a "you must be in the office 1 day a week" policy makes their land more attractive. The people who mortgaged themselves up to their eyeballs to get in on those good inner suburb commutes and schools are the losers because suddenly outer suburb housing is a more viable alternative to what they own. The people living in illegal 300sf studio departments in people's basements are neither since they weren't all in on any particular side. They can rent somewhere further out and cheaper with space for an office without too much friction.
Back in the early 90s a lot of cities were dumps compared to today. The people who bought there and held on for 20-30yr won because a lot of cities gentrified.
Those people slogging out 1.5hr commutes from the outer suburbs are the winners because remote work even with a "you must be in the office 1 day a week" policy makes their land more attractive. The people who mortgaged themselves up to their eyeballs to get in on those good inner suburb commutes and schools are the losers because suddenly outer suburb housing is a more viable alternative to what they own. The people living in illegal 300sf studio departments in people's basements are neither since they weren't all in on any particular side. They can rent somewhere further out and cheaper with space for an office without too much friction.
Back in the early 90s a lot of cities were dumps compared to today. The people who bought there and held on for 20-30yr won because a lot of cities gentrified.