It's kind of a ratchet, possibly still underappreciated. If WFH was to become the norm, the rational thing for a person in your situation to do would be to find that 2-3br place in a location where it costs 1-1.5x your current rent. There's no point in living in cramped, overpriced apartment in the city, that was bought on the assumption that everyone living in it will be out at work/school for most of the day, when there's no work to go to! And once enough skilled workers move away, it might be tougher for the companies to bring them all back, reinforcing the pressure for WFH.