>> If workers are also now expected to provision their own work space (space, desk, chairs, monitors, etc.), then the compensation model around those jobs also needs to be adjusted to account for that

I've been working from home for 5 years. Standing desk, Aeron chair, dual ultra wide monitors, it goes on and on.

It all adds up to about 1% of my compensation over those years.

I spend whatever it takes to have a great working environment, if I see something that will incrementally improve the 8 hours a day I spend working I immediately buy it. As far as my income goes it amounts to a rounding error.

>> there's a lot of people, including almost all the tech-oriented professionals under 30 that I know

That's called selection bias.

You have chosen to live in a location with expensive real estate. Good for you. Other people made different choices. I have rooms in my house I haven't been in for months.