This sounds great, unless you have a mortgage on a house which needs paying regardless of whether you're living there, and children in school who can't be moved all the time. Although I'll admit that since my employer is looking at 100% remote, it opens the door to moving to a nicer/cheaper house outside of the office-commutable bubble.
Perhaps a compromise is using shared office space closer to home (short commute, separation of home/work life, social interaction while you're making a cup of tea).