Facebook pays extra for employees to move closer to the office

Housing in the San Francisco Bay Area is very expensive, but if you work at Facebook, the media giant will try to make it worthwhile to move closer to the office.

According to Reuters, Facebook pays employees at least 10 thousand dollars to buy or rent housing within 16 km from the company's office.

According to the agency, some families receive 15 thousand dollars, or even more, in the form of compensation for housing costs.

However, high housing prices in the bay do not allow employees to buy or rent housing close to the office, and if you live a little further, then every morning and evening you can be stuck in traffic jams for a long time.

According to Zillow, home prices in Moneychanger Park, a town near Facebook's headquarters, increased 2015% in 20,8 and are projected to rise another 5.1% next year. The average price to buy a home there is $1,96 million, and the average rent is $5,5 thousand per month.

As the “Forum” wrote, Facebook intends to launch a social network for work and business communication.