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Cw67NTN8F | 8 years ago

I wonder if it works: Company buys land to build office but sets apart a certain percentage for employee apartments. In essence a company town. Hires a management co to run it, no buys just lease. When the company folds, downsizes or whatever, the apartments are part of it. It costs, but it's cost of doing business.

Otherwise a huge company can distort the home market .

Maybe not enough land is available, especially in places like NYC or the city wont let them build 50 stories high apartment buildings?

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DrScump|8 years ago

  but sets apart a certain percentage for employee apartments.
It would be difficult to do that legally due to Fair Housing law.

kevinburke|8 years ago

Companies could certainly do more, but a lot of cities don't really want them to. Cupertino stands out in this regard; they wanted the huge office space but none of the housing for the 14,000 workers the new Apple office would generate.

nikanj|8 years ago

My Microsoft HQ friends tell me Redmond is in the same boat.

A lot of millionaires from Microsoft competing for a relatively small supply of homes close to the office, and everyone else commuting for miles and miles.