The thing is though...It doesn't have to pay near as well. It's less about the amount you are paid...and more about the cost of living. If I left Illinois and took a job in Florida doing the same thing I'm doing in Illinois...I'd take a pretty decent pay cut in the process. But the cost of living in Florida...is much less than where I am now. Despite making less money in Florida, I could probably live my life even better there than I do in Illinois, simply because Illinois taxes the crap out of everything. My dollar would get me farther in Florida than it will in Illinois. I make $120k a year in Illinois. If I did the same job in Florida...I would be making $87k. When taxes are all said and done...$87k in Florida would probably get me farther than $120k in Illinois.
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$150 Million Apple Fund Launches With Goal of Building Affordable Housing in California Bay Area
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Having grown up in the Bay Area and having a career in silicon valley (three companies in Sunnyvale and then Palo Alto), I have zero regrets. There is so much opportunity.
Cost of living, buying a home, etc, has always been higher than other areas. But to me it has been worth it. There's so much to do without having to drive too far. And that's just one of many reasons why I'm still here.
Cost of living, buying a home, etc, has always been higher than other areas. But to me it has been worth it. There's so much to do without having to drive too far. And that's just one of many reasons why I'm still here.
I’ve seen a LOT of “affordable housing” projects here in Toronto. Affordability alone should not be enough. Nobody wants to live in a shanty town, so let’s hope these housing projects are modern living design residences that don’t scream slumville.
affordable housing should not shame those that require such dwellings.
affordable housing should not shame those that require such dwellings.
Nothing is done just for the sake of good will; not in the corporate world. If you were to dig, I’m sure there’s a financial incentive there, some other ancillary benefit. Corporations rarely have altruist motivations.
Cult or socialism, even corporate sponsored socialism, will either kill outright or one brain cell at a time. Losers should either stop being losers, or be left to the tender mercies of either voluntary charity, or Darwin; those who find the latter lacking in compassion are welcome to step up with their own time and resources.
Yup. The cost of my commute (gas + bridge tolls + parking) is more than rent in most parts of the country. The cost of daycare is more than rent in most other major cities. It’s madness
And of course we have a 10% state income tax...
Crazy that a house needing to nearly be condemned is over $1M. https://www.zillow.com/homedetails/830-Betlin-Ave-Cupertino-CA-95014/19639789_zpid/?
I remember a notion back in the 90's that one could likely pay off the entire national debt if one sold off the land that the military owned in San Francisco.
In San Francisco, the world’s most expensive place for construction, a two-bedroom apartment of what passes for affordable housing costs around $750,000 just to build. Not taking into account the price of land, around one quarter of the cost of building affordable housing goes to government fees, permits and consulting companies, according to a 2014 study by the California Department of Housing and Community Development.
Let's do the math, shall we?
Let's do the math, shall we?
He never said it was a fact?
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They aren’t, there’s got to be an incentive.
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Apple isn’t giving billions out of good will.
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It's not that "affordable housing" needs building, it's that housing regulations, restrictions, and tax codes need liberalizing to allow housing to do what comes naturally in a free market.
They’d have to convince people to move to those states. Might be a difficult ask.
Depends on which/how many companies moved and to where, exactly. A lot of Bay Area residents are pretty eager to leave but have jobs that keep them here. If a bunch of the big tech companies created a Silicon Valley 2.0 somewhere a lot cheaper, a lot of people would jump at that.
Who are these “lot of Bay Area residents” who are “eager to leave?” I’ve not met them. I do, however, know lots of people who may reluctantly have to leave to have a better quality of life (less traffic, cheaper rent, whatever)
That’s not entirely true. The cost of living is vastly disproportionate but income is not, in many areas engineers can be paid well because of considerably lower taxes and lower cost of business all around. For example I’m in northern Nevada and I can pay employees decently because my office space is about $1.6/sqft, utilities included. My payroll taxes are literally zero, medical insurance is cheaper, etc. But my income is on par with what it was in the Bay Area.
of course there has to be an american flag
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Its actually quite pretty. In Europe these types of buildings are fairly common so get used to it.
Erm, last time I checked I was an Architect in London, UK.
Thanks though for assuming I'm some kind of uneducated red-neck.
And no, that is not a pretty building. It is one of the ugliest multi-home buildings I have seen. It is clunky, inelegant, terrible choices of colour and with very little active street frontage. It is awful.
Sure, some people can get even. But the opportunity for massive income is pretty high in Silicon Valley - between revenue sharing, stock options, bonuses, etc - most engineers make a lot more than their salaries here.
When I was young they were called Projects and they became cesspools of crime. "Affordable Housing" never works, people need to be vested in what they have and that takes work. Free housing is a crime to what ever area it is placed in. Mothballed military bases should be used to house homeless, then "working Poor" neighborhoods could attempt to become safer.
Just, wow.
First, affordable housing often works. Second, this is not free housing. Third, this is very different than the “projects.” In Silicon Valley, a 1000-square foot house on a 6000 square foot lot can cost more than a million dollars. The house next door to me is 800-square feet, completely run down, and zillow has it at $900k. I haven’t had to rent in years, but back when I did, my 600-square foot apartment was more than $2000 a month, and by now I’m sure it’s a lot more.
So when they say “affordable housing,” they mean housing that a family with an income of, say, $150k a year can afford, not housing that is free.