Pages Navigation Menu

United States news, headlines, events , stories and all that is trending today

In housing, tech employees get yet another advantage

Https%3a%2f%2fblueprint-api-production.s3.amazonaws.com%2fuploads%2fcard%2fimage%2f161636%2fgettyimages-492770997

Feed-twFeed-fb

Tech employees already get free food, free dry cleaning and free beer. Now, they also get deals on housing. 

New hires at Google and other Silicon Valley companies are often offered home loans with no 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…

More about Housing Market, Google, Facebook, San Francisco, and Business

This post is from Mashable. Click here to read the full text

The best life hacks ever revealed to help make things easy everyday

Follow us on twitter @UnitedStatesTD

Also, Like us on facebook

Leave a Comment

Your email address will not be published. Required fields are marked *