61–70 of 115 posts
$250M when all those workers could be working from home with the same efficiency, and greater quality of life.
Is there research that suggests working from home is equally efficient?
Earlier quoted context omitted.
You can easily rent a bedroom in an older house or multi-room apartment for around $1000-1200 in Palo Alto, Mountain View, and Sunnyvale though. A few of my coworkers do this.
Ah yes, the worlds best and brightest, in the worlds technology hot bed, blamed for gentrification, told we are over paid, told our skills are in such demand that special worker visa systems are in place to supplement the supply but not only can they not afford a home, they can't afford rent by themselves. Someone is making money in SV to live alone and buy homes but it isn't the engineers.
Earlier quoted context omitted.
Why stop there though? Why not open up shop near a university town with a low cost of living? Steady supply of interns, new hires, R&D partnerships, etc. Culture in a university town, while not on par with a major city, is generally quite well too.
They have offices all over the country at college towns for this very reason (see Google Ann Arbor) https://www.google.com/about/company/facts/locations/
Interesting to note that this works out to roughly $700 per employee per month, over a ten month span. $250M / 10 yrs / 12 months / 3000 employees = $700 per employee-month
Except that after those ten years, the value of the property will exceed $0. In fact it's rather likely to be worth more then than now, so it's actually an investment. As Tony Soprano said, "buy real estate cus God ain't making any more". Demand is pretty certain to outstrip supply from here on out.
Earlier quoted context omitted.
Why stop there though? Why not open up shop near a university town with a low cost of living? Steady supply of interns, new hires, R&D partnerships, etc. Culture in a university town, while not on par with a major city, is generally quite well too.
Right, you mean like Google Waterloo
Interesting to note that this works out to roughly $700 per employee per month, over a ten month span. $250M / 10 yrs / 12 months / 3000 employees = $700 per employee-month
Except that after those ten years, the value of the property will exceed $0. In fact it's rather likely to be worth more then than now, so it's actually an investment. As Tony Soprano said, "buy real estate cus God ain't making any more". Demand is pretty certain to outstrip supply from here on out.
Your quote would force them to appreciate in price 100 years from now, but on timescales shorter than that I don't see it providing any real guarantee. Just look at Detroit.
Recently my rent in Sunnyvale for a nice two bedroom went up to $2900* a month from $2100 Looks like the trend will continue. *not including trash and utilities.
Edit: picture of the office: http://oirase.annexia.org/office.jpg
Earlier quoted context omitted.
They have offices all over the country at college towns for this very reason (see Google Ann Arbor) https://www.google.com/about/company/facts/locations/
while there's a number of engineers at Google A2, it would constitute less than 10% of the headcount at that office (this is guess based on the LinkedIn research I've done. If someone has a more precise number, would very much like to hear it)
This information may be out of date, its probably been three or four years since i was there.
Recently my rent in Sunnyvale for a nice two bedroom went up to $2900* a month from $2100 Looks like the trend will continue. *not including trash and utilities.
I don't understand why people do this. I'm paying $1000/month to own a 2 bedroom house with a huge garden. I built my own office at the end of the garden, which I can guarantee you is several times bigger and more comfortable than a work cube. I work remotely for a major US software company. (My commute is 1 minute if I'm carrying a cup of tea, slightly shorter if not). Edit: picture of the office: http://oirase.anne…
