There are a lot of people in tech making a lot of money. Particularly at FANG/startups that have exited, they can "FIRE" after less than 10 years of working. I know many people in this category.

During the pandemic many people also made some changes to their lives (bought a house, moved out the city, moonlight second job, started consulting remotely, etc.).

Then you throw in the crazy rise in the markets (stocks, crypto, real estate) that many people have benefited from.

Coupled with the popularity of FIRE mentality, rise of remote work, etc, it doesn't surprise me there are big changes coming.