Monday, 10 July 2017

Housing hopes

Mark Zuckerberg is reportedly planning to build accommodation for his employees in a bid to counteract the Silicon Valley housing crisis.

Like London rents in Silicon Valley are spiralling making it more and more challenging to balance work with rents.

Zuckerburg's plans underline the importance of housing for business success.

As the London mayor roles out his plans for so-called affordable housing in the capital, it is well to remember a city stands and falls on its population.

The rub

You can offer all the perks in the world to public servants and business people alike and it will flounder if you can not provide affordable local housing.

In order for business to thrive you need an affordable city.

If all a workers pay is spent on rent there is no spare cash to spend in local businesses and the service sector.

Resulting not only in an unhappy work force, but in a sluggish tertiary economy.

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