Just because developers can feasibly work from anywhere, especially remotely for already-established companies, do not immediately presume that it is best for developers to work from anywhere.
Working remotely is not for everyone. Some people have problems with efficiency and procrastination when working from home or when working without immediate oversight. Some people have poor communication skills which are further hampered by the long distance communication and lack of face to face interaction. Some companies and, perhaps, developers prefer human interaction and team cohesiveness, which is difficult to achieve in an all-remote development team.
In many cases, the most expensive tech cities became that way after the developers landed and earned crazy money and bonuses. Take Austin for example. A mere ten years ago, it was a very affordable city. Now, there are 800 sq. ft. homes with window-unit air conditioning selling for $600,000. Why? Austin became a tech hot spot in Texas while it was still affordable and, due to the exorbitant salaries being paid and countless millionaires being made, the demand for housing skyrocketed. With limited supply of proximate housing, the prices shot up.
Working remotely is not for everyone. Some people have problems with efficiency and procrastination when working from home or when working without immediate oversight. Some people have poor communication skills which are further hampered by the long distance communication and lack of face to face interaction. Some companies and, perhaps, developers prefer human interaction and team cohesiveness, which is difficult to achieve in an all-remote development team.
In many cases, the most expensive tech cities became that way after the developers landed and earned crazy money and bonuses. Take Austin for example. A mere ten years ago, it was a very affordable city. Now, there are 800 sq. ft. homes with window-unit air conditioning selling for $600,000. Why? Austin became a tech hot spot in Texas while it was still affordable and, due to the exorbitant salaries being paid and countless millionaires being made, the demand for housing skyrocketed. With limited supply of proximate housing, the prices shot up.