The best solution to the housing crisis ever discovered thus far is widespread remote work. This allows people who don’t want to live in major cities the ability to live anywhere, reducing the cost for those that do want to live in a city.
I don't think this will help much at all. Maybe for a few, but I doubt it will reduce costs for city-dwellers.
If you have any ambition, your networking is severely limited. If you have any desire to find a mate, your pool has decreased rapidly. If you want to see a concert or go to a new restaurant, you have far less options.
Some cities make it really hard to reasonably commute (for business or pleasure) from more moderately-priced properties. For many other cities though, a 60-90 minute drive--or sometimes train--does, which is generally reasonable for a sometimes commute or a night on the town. (And remember that many of the tech and other good jobs aren't even in the city; they're out in the suburbs somewhere.)
