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As a thought experiment, lets say Google owns a significant percentage of the housing market in the areas they operate in. They thereby receive both rent from t
by taurath 7y ago
As a thought experiment, lets say Google owns a significant percentage of the housing market in the areas they operate in. They thereby receive both rent from their own employees, and others in the area. Lets see how this gives them leverage:
* Want to fully choke out competition on salaries, while leveraged against it by taking in the rent money those salaries provide for?
* Why not invest in housing, when you're the company that is vastly increasing the home values? It seems like you'd end up actually make a killing since you then control the market
Maybe someone more clever than I can come up with more things - it feels like a neo company town model, where you don't own everything, but you have all the control and all the levers.
- aiisjustanif 7y agoWelcome to the less extreme version of Seoul.
- gniv 7y agoYup, this definitely feels like Company Town 2.0. A gentler version, but still mostly favoring the Company. Might not be bad for the area though.