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Rumor has it Facebook will no longer pay its employees a $600/mo. housing subsidy for living in Palo Alto. The move comes off as a cheap blow against employees, but it's not. The Craigslist ad in the image above illustrates who the cost-cutting move actually hurts the most: not Facebook employees, but their landlords, who just lost a pack of tenants willing to pay $600 more than anybody else. Say the apartment hunters who put up the ad: "We are looking to pay less than $3k/mo for a 3BR, especially since the Facebook subsidy is gone now."