3 ms·
In expensive housing markets like SF, companies will soon have a choice: provide subsidized housing to employees in the form of residential campuses (which are
by enraged_camel 10y ago
In expensive housing markets like SF, companies will soon have a choice: provide subsidized housing to employees in the form of residential campuses (which are basically company towns in an exurban/suburban setting) or pay them more salary.
I think they will go with the former.
- pjc50 10y agoWould it really be cheaper to make a large capital investment out of VC money upfront to build housing, or just up the salaries? If we just run the numbers as an example, taking the 11000 Google employees at Mountain View, and assuming that each wants a ~$500k house, that's $5.5Bn of housing!
- mason240 10y agoOr move to a different, saner city.