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Tel Aviv is the best tech hub outside of the US and is thus very competitive for getting talent. If having a fancy office gets Google the brightest engineers then they are getting a bargain.

For more info the book Start-up Nation details stories and explains how their culture fosters entrepreneurship.

While I don't feel particularly serious, I DO have problems parsing 'fancy office in Tel Aviv' close to 'bargain'.

The city is special and I'd like to go back, but (housing) prices are utterly insane and I'd like to see the monthly bill for this wonderful office.