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Facebook pledges $1 billion to ease housing crisis inflamed by big tech

by The New York Times

Oct 22, 2019

Conor Dougherty The New York Times Company SAN FRANCISCO — The technology industry’s biggest companies show no signs of leaving the places they call home. But to stay there, they’re deciding that they need to play a role in fixing a housing crisis they helped inflame...

Outside Facebook’s headquarters in Menlo Park, Calif. on Aug. 19, 2019. After decades of extraordinary growth by tech companies, real estate prices in the area have skyrocketed, fueling a shortage of affordable housing.

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