Yep. Which is why Boise, ID is the most expensive real estate market in the country. Remote work is coming with its own issues, rather than being the cure-all HN thinks.
In many places, such as East TN (Knoxville) remote workers are moving in with CA salaries. HN thinks that someone remote working from Knoxville, TN should be paid Bay Area salaries. However, Bay Area salaries are high for a reason. There are many Knoxville companies that can't compete with those salaries, which is why they set up Knoxville offices in the first place.
But now their employees are suddenly priced out - and no one is happy about it.