News for hackers. Stuff that matters.

A comment on Google pays $250M for Sunnyvale offices where 3,000 could work. Parent comment

Re:Google pays $250M for Sunnyvale offices where 3,000 could... by roel_v on Thursday March 17, 2016 @05:22AM (#11303330)
First, 250m for 3000 ppl is 100k/worker.

Secondly, buying a building is (save some closing and renovation costs) a neutral operation on your balance sheet, especially if you're flush with cash. In other words, when you buy a building, it maintains its value.

[ Parent | on HN ]
Re:Google pays $250M for Sunnyvale offices where 3,000 could... by smitherfield on Thursday March 17, 2016 @07:26AM (#11303694)
Yes, and a company with as much cash as Google can finance at near-zero interest nowadays. (Not sure if they did, but they could).
[ Parent | on HN ]
Re:Google pays $250M for Sunnyvale offices where 3,000 could... by amelius on Thursday March 17, 2016 @07:59AM (#11303804)
> when you buy a building, it maintains its value

Historically, there have been lots of empty offices during economic crises.

[ Parent | on HN ]
Re:Google pays $250M for Sunnyvale offices where 3,000 could... by roel_v on Thursday March 17, 2016 @08:20AM (#11303889)
Still doesn't make it a 'cost' of 100k / employee. And of course you depreciate etc. My point was that buying a building isn't a 'cost' in the way pencils are.
[ Parent | on HN ]