It's crazy to me that big Tech Cos keep building massive offices and don't mind that there's not enough housing built to match. Those rent/housing prices drive up the wages they have to pay.
Also FWIW, housing prices (rents) have generally stagnated for the past 3 years in the Bay Area; it's less of a problem now (in terms of getting worse) than it was half a decade ago.
Google even works with developers to build housing
That North Bayshore real estate is trapped between US 101 and the Bay, with no fixed transit and only the already-gridlocked Shoreline Blvd to get through. This is presumably why Google's Mountain View workplaces are on the opposite side of 101.
This happens all of the time. Local governments and existing residents are a forceful voice against new building.
Besides, local municipalities can make it easier to build by alleviating some of the time consuming (and expensive) permitting process but they don’t really care. There’s all kinds of things they can do even just with zoning.
Name one example where Google has made an actual attempt to build housing and was actually stopped by a local government.
One?
They give lip service regarding the general concept but have yet to put so much as a specific development before a planning commission, let alone a city council.
Locating the offices in areas with high housing costs is an effective way to discriminate against people with families. Such people might not want to dedicate life fully to the company. Getting people to live in apartments means that there is no gardening or home repair to do, so one might as well head in to the office and do some more work.
lol discriminate.... its also a great way to boost your balance sheet! Nobody is thinking about anything else. When the notional on paper value of your real estate holdings are higher, your access to low interest credit is greater, your access to deductions is greater, your access to anonymous wealth preservation is greater: a more fungible dollar is worth more than others because the covenants are more numerous