Personally I'd prefer living at a shared-workspace or company campus as long as work and living facilities are clearly separate.
May I ask why? I'd prefer living close to my family and friends, many of which may not work for the same company as I work for. I'm trying to see what your motivating factors are because I, for one, could not disagree more.
To answer your question, I do not want to bring work into my home. BYOD resolves most of the factors that would make me want to provide my own office at home.
May I ask how you currently manage to live close to your family and friends and (because I have to assume you are surrounded by like-minded individuals) their families and their friends and so on? Frankly, I find this very unrealistic, but maybe that's because my friends and family are spread out across the globe.
If you’re reasonably happy with open-plan offices, that might be true. If you’re not... there seem to be few alternatives nowadays.
I make very conscious decisions to work and live close to my family (Southern California). It's not unrealistic at all. In fact, having a solid social support system is by far more important (for mental as well as physical health) than making (slightly more) money in the Bay.
If you are talking about the US, I think you are neglecting to take into account the hundreds of millions of square acreage between the coasts.