I’m not buying the “cheaper employee housing” idea. If they build it, they will have on their hands real estate that’s rented out below market, a potential reve

I’m not buying the “cheaper employee housing” idea. If they build it, they will have on their hands real estate that’s rented out below market, a potential revenue source that’s utilized to subsidize employees. Only not all employees because there won’t be enough to go around. So you will have to ration it. Will there be a waitlist? Why not rent to anyone and give the surplus to employees instead? That way all employees participate, not just the few chosen ones. And no tax complications. Then you spin off the real estate arm into a subsidiary and use dividends to pay the employees. Same thing, right? Then you realize you can just sell the subsidiary and invest the cash into something with a better risk / reward profile. And then you ask yourself why did a software company spent several years managing a real estate project. I think it’s just boys playing toys. Big, expensive toys. Heck, I would do that too if I had the money.