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If it's normal rentals, then there's no incentive for companies to build said housing in the first place -- unless they want to separately diversify into real e
by Hydraulix989 5y ago
If it's normal rentals, then there's no incentive for companies to build said housing in the first place -- unless they want to separately diversify into real estate.
- pas 5y agoThe incentive is to get workers at all. Sure, as long as they can externalize this cost, they won't do this, but in the Bay Area Google determined it costs them less to to fight for housing projects and fund those, than pay the enormous overhead for getting their employees living there.
- Hydraulix989 5y agoIs this what you are referring to? If so, it sounds like it's not for the workers, it's a social good project, much like what Amazon is doing by housing the homeless. I don't think it will even put any pressure on the market whatsoever. https://www.mercurynews.com/2021/03/04/google-backs-three-bay-area-affordable-housing-projects/ https://www.mercurynews.com/2021/03/04/google-backs-three-ba...