2 ms·

Yeah, no shit. But they (I assume) don't. It's significantly better option than alternative.

• qbasic_forever 4y ago
  The alternative is the company pays employees enough to afford to live in the area without having to rent them company housing. The free market system is broken and not working.
  • barry-cotter 4y ago
    No, the system where building housing is basically illegal is broken and not working. The free market system is just fine.
    • qbasic_forever 4y ago
      It's not a problem of being unable to build. This article mentions the company is building an _entire neighborhood_ with 14+ homes all brand new. That clearly isn't some lack of space or zoning problem. The problem is the housing market has been inflated to astronomical levels because the housing industry is a critical part of our country GDP. If the price of homes fails to go up then banks will lose money and fail (just like in the aftermath of 2008). It's not profitable to build cheap, affordable housing so it doesn't happen. The market is broken.
      • seanmcdirmid 4y ago
        There is also a lot of money sloshing around in real estate due to previous sustained low interest rates and QE. The problem is that some people can afford the current high prices (and will bid up anything they want), just everyone else can’t. Increasing money supply went into real estate for far too long.