Google moves into housing in Silicon Valley
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By Tim Culvahouse, FAIA, with thanks to Shelly Kappe, Hon. AIA; Paul Welch, Hon. AIA; Davi
US based tech companies are helping their employees to get onto the property ladder as they invest in new housing schemes
In common with countries across Europe, the USA is also dealing with its own housing crisis, and no more so than in Silicon Valley the home of a large cluster of tech companies. In a bid to deal with the problem Google is paying about $30m to provide temporary, prefab housing for 300 of its employees.
CNBC have reported that rents in parts of California and Silicon Valley have reached such unprecedented heights that some Facebook engineers have asked Mark Zuckerberg for help paying rent, some Twitter employees earning $160,000 feel like they're barely scraping by, and even some residents making six-figures can qualify as "low-income" and receive subsidies.
According to The Wall Street Journal, Google’s parent company, Alphabet is making a significant investment in modular housing built and shipped in from elsewhere by the start-up Factory OS, because current local accommoda