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Jilly_in_VA

(9,995 posts)
Tue May 2, 2023, 01:48 PM May 2023

Would you live next to co-workers for the right price? This company is betting yes

Tommie Jones loves her job as a quality control inspector for Cook Medical in rural Spencer, Indiana. But she hasn't been able to find a place she can afford on her own, so at age 47, she's squeezed in with her sister's family.

When Cook announced a year ago that it would build hundreds of homes to sell to employees at below-market prices, Jones was among the first to sign up.

On a recent afternoon before her shift, she's bursting with excitement as she gets her first visit inside the nearly finished three-bedroom, two-bathroom ranch house. "It's so beautiful!" she says, walking around to check out every detail. She marvels at the Lazy Susan cabinet in the kitchen, the lush green view of the backyard and the size of the primary-bedroom closet.

"This is as big as my room now," she says.

Cook's move isn't purely philanthropic. As rents and home prices across the U.S. have skyrocketed, more companies are finding it harder to recruit and retain middle-income workers. Record-high job openings and low unemployment have made the competition worse, fueling staff shortages.

https://www.npr.org/2023/05/02/1172301798/workers-affordable-housing-companies-building

Everything old is new again. Company towns. When I was a kid we lived in housing that had been built originally for shipyard workers but after WWII was converted to housing for veterans and GI Bill students with families.

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Would you live next to co-workers for the right price? This company is betting yes (Original Post) Jilly_in_VA May 2023 OP
How long before they're loading 16 tons? IrishAfricanAmerican May 2023 #1
Yesterday? ret5hd May 2023 #2
Will they have to shop at the company store too? greatauntoftriplets May 2023 #3
Yep. Even the online company store. EYESORE 9001 May 2023 #5
This message was self-deleted by its author greatauntoftriplets May 2023 #4
Paying in script? Kennah May 2023 #6
Scrip, not script. Jilly_in_VA May 2023 #9
My bad. I better get it right if I expect to get paid. Kennah May 2023 #10
Can't wait to read their Nextdoor intrepidity May 2023 #7
Willow Street in my hometown was built for the workers at stocks Mill gibraltar72 May 2023 #8
In Canada, mills and mining towns have done that for years but they are usually the Bev54 May 2023 #11
UC Santa Barbara drmeow May 2023 #12

Response to Jilly_in_VA (Original post)

gibraltar72

(7,511 posts)
8. Willow Street in my hometown was built for the workers at stocks Mill
Tue May 2, 2023, 03:14 PM
May 2023

Then the largest privately owned flour mill east of the Mississippi. Bottom of the list as far as properties go. Close to the mill for those without a car. Town also blew a whistle at 7:00 AM and PM shift change.

Bev54

(10,072 posts)
11. In Canada, mills and mining towns have done that for years but they are usually the
Tue May 2, 2023, 04:28 PM
May 2023

biggest employer in the area. It becomes a problem if and when that company shuts down or moves and you can't sell your house. If the company is solid I don't see why not.

drmeow

(5,024 posts)
12. UC Santa Barbara
Tue May 2, 2023, 05:38 PM
May 2023

has had a variation of this for years - they sell houses to faculty at below rates but faculty are required to sell the house back to UCSB if the leave

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