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07-30-2016, 10:03 PM
In housing, tech employees get yet a**ther advantage
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Tech employees already get free food, free dry cleaning and free beer. **w, they also get deals on housing.*
New hires at Google and other Silicon Valley companies are often offered home loans (http://www.bloomberg.com/news/articles/2016-07-27/zero-down-on-a-2-million-house-is-**-problem-in-silicon-valley) with ** money down and a host of other financial planning services, Bloomberg reported this week.*
The help for tech employees buying houses, of course, is taking place in one of the least affordable and most competitive housing markets in the country.
And if people in the tech industry need this much help buying a home, it's hard to fathom how difficult it must be for everyone else.*
"Basically what this does is add more competition to an already stressed housing market," said Peter Cohen, the co-director of San Francisco's Council of Community Housing Organizations, an affordable housing group. "These are buyers who have a leg up. They're able to outcompete other folks looking for housing who don't have that kind of advantage."* Read more... (http://mashable.com/2016/07/30/tech-housing-zero-down-loans/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Housing Market (http://mashable.com/category/housing-market/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Google (http://mashable.com/category/google/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Facebook (http://mashable.com/category/facebook/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), San Francisco (http://mashable.com/category/san-francisco/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/-bgw5BiarV0
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Tech employees already get free food, free dry cleaning and free beer. **w, they also get deals on housing.*
New hires at Google and other Silicon Valley companies are often offered home loans (http://www.bloomberg.com/news/articles/2016-07-27/zero-down-on-a-2-million-house-is-**-problem-in-silicon-valley) with ** money down and a host of other financial planning services, Bloomberg reported this week.*
The help for tech employees buying houses, of course, is taking place in one of the least affordable and most competitive housing markets in the country.
And if people in the tech industry need this much help buying a home, it's hard to fathom how difficult it must be for everyone else.*
"Basically what this does is add more competition to an already stressed housing market," said Peter Cohen, the co-director of San Francisco's Council of Community Housing Organizations, an affordable housing group. "These are buyers who have a leg up. They're able to outcompete other folks looking for housing who don't have that kind of advantage."* Read more... (http://mashable.com/2016/07/30/tech-housing-zero-down-loans/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Housing Market (http://mashable.com/category/housing-market/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Google (http://mashable.com/category/google/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Facebook (http://mashable.com/category/facebook/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), San Francisco (http://mashable.com/category/san-francisco/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/-bgw5BiarV0