If work from home becomes the norm long term, I can imagine we would need to think about a larger apartment for this reason.
Microsoft just announced 1500 jobs in downtown Atlanta, to be near Georgia tech and the tech hub. Not sure if they realize that developers who have working experience, likely now have kids now and arent going to settle for C level schools. Their location isn't even supported by mass transit that well (bus, but no train. They likely payed a premium for the space since it's "hip".
I've found it ironic that there's even such thing a tech hub, since we are the ones who create and push for remote work.
Depending on the location, they could just let you go. Imagine moving from Idaho to NYC. Drastic increase in cost. If an employer needs to compensate for that, I'm pretty sure theyll think long and hard whether its worth it.
My salary is how much money I'm willing to take to work for the company. If I can live somewhere cheaper, that number is lower.