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Currently, VCs must fund salary increases to keep pace with rent hikes. Renting apartments for employees just shuffles the numbers around. VCs could buy their w
by superuser2 10y ago
Currently, VCs must fund salary increases to keep pace with rent hikes. Renting apartments for employees just shuffles the numbers around. VCs could buy their way out of exposure to this phenomenon by owning their employee's homes and not increasing the rent.
Yes, this is a bet on rising home prices in the Bay Area, but that seems basically equal to a bet on the Bay Area tech ecosystem, which is already their core business.
- burger_moon 10y agoThis is something that has existed before https://en.wikipedia.org/wiki/Company_town https://en.wikipedia.org/wiki/Company_town I've lived in 'man camps' on remote jobs where it was easier to just put up trailers for workers than put them all in hotels. Or sometimes there isn't any temporary housing options available so you get to stay in the man camp. Pretty sure programmers aren't going to fall into line for that option though.
- superuser2 10y agoThis wouldn't be remote, though - there'd be a few dozen such company towns on overlapping geography. True, you'd need to move to change employers, but it could just be across the street.
- TylerE 10y agoI dunno, maybe it makes sense, but there seems to me to be something incredibly demeaning about living in housing owned by your employer. Very....19th century. Is there a company store?
- yen223 10y ago"Here's some Amazon credits. Knock yourself out"