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This line made me snicker: "And Facebook has planned to build 1,500 apartments near its Menlo Park headquarters, with 15 percent to be affordable." So, 85% of
by kosei 8y ago
This line made me snicker:
"And Facebook has planned to build 1,500 apartments near its Menlo Park headquarters, with 15 percent to be affordable."
So, 85% of the housing created is too expensive to be purchased? Sounds like a pretty poor business model. ;)
- chrisseaton 8y ago‘Affordable’ in this context means ‘to someone on a median income in the area.’ It doesn’t mean nobody could afford them otherwise.