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Microsoft's promise to pony up US$500mil (RM2.05bil) for Seattle-area housing has Silicon Valley buzzing, full of hope that tech titans here will pour similar sums into the housing shortage in their own back yards.
Despite its robust economic growth, Sweden is facing a housing shortage that affects rich and poor alike; immigrants are sometimes living five to a room and employees in the booming tech sector have also struggled to find suitable accommodation.
More than a year after becoming one of Silicon Valley's first big tech companies to commit to creating more affordable housing, Facebook said that its Catalyst Housing Fund is a step closer to backing new units.
Google has backed down from a threat to deny badly needed housing in Mountain View if it isn't given more office space for its futuristic new "Charleston East" campus.
Microsoft Corp made a big splash last month when it announced a US$500mil (RM2.03bil) initiative to tackle Seattle’s growing housing crisis. Less noticed was a detail that’ll be critical to making it work: Nine of the city’s largest suburbs agreed to join the effort.
The potential downsides to Google's planned campus in the heart of downtown check all the boxes on the list of Bay Area horrors: escalating traffic, overburdened transit systems, skyrocketing housing costs, displacement of lower-income people.
US regulators say digital advertising practices at Facebook Inc violate housing law and they are reviewing whether ads placed by Twitter Inc and Alphabet Inc’s Google also discriminate against those seeking a place to live.
An emerging group of local entrepreneurs is taking up arms against the sky-high cost of living in the Bay Area, hoping to end once and for all the housing crisis crippling the region.
Google is pouring US$1bil (RM4.17bil) into easing the high-priced housing headaches that it and its Silicon Valley peers helped give the San Francisco Bay Area.
It's a Google town. Mountain View City Council has unanimously approved a sweeping redevelopment plan, clearing the way for Google and other developers to create a dense, city-like campus of offices and homes in a housing-starving region.