Local zoning laws and objections by current home owners are probably more of an issue. If you already own a home, there’s no incentive to welcome new construction.
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Apple Has Deployed More Than $1 Billion Towards Affordable Housing Initiatives in California
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Local zoning laws and objections by current home owners are probably more of an issue. If you already own a home, there’s no incentive to welcome new construction.
I'm curious if this is available to anyone, or only certain demographics.
That is in Indiana. Houses are cheep, but they don't have many quarter million dollar a year jobs. You can live cheep in a place with no income, or you can live expensive in a place where you make lots of money.Perfectly nice house in a perfectly nice neighborhood in the rust belt. All in: $875/month.
5119 Old Mill Rd, Fort Wayne, IN 46807 | Realtor.com®
View 32 photos for 5119 Old Mill Rd, Fort Wayne, IN 46807, a 4 bed, 2 bath, 2,140 Sq. Ft. single family home built in 1958 that was last sold on 09/14/2021.www.realtor.com
What is the root issue and how should politicians go about doing something about it?
You do know that corporations are merely collectors of taxes, right? People pay the taxes and those people are the people buying the products, employees (through foregone wages), and shareholders (e.g. your retirement account or investment accounts, Tim Cook etc). "Tax corporations" is just an attempt to hide the true nature of the game. And it is quite regressive a tax since someone making $100,000 will only use 1% of their income on a new iPhone versus someone making $30,000. As far as "taxing rich folks" you do realize that California is the highest (or perhaps #2 behind NY) taxed place in the US, right?
The true answer is freedom, not control and the politics of envy, division and hate.
Just like this charitable giving, where did the money come from to do this? People like you and me buying Apple products, then having a small percentage of it used in aggregate. Apple is collecting a bit extra on every iPhone (etc) and then doling it out as they see fit. That is fine, but might the poor want the extra $10/phone to buy some food or save to buy a house or for rent?
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Agreed. There is much more affecting housing prices in California than politicians are prepared ideologically to deal with , especially since so many of their core policies, especially their equity, environmental and taxation initiatives are what are driving housing prices. Too there is the fundamental operating principle that economics are better managed centrally by politicians rather than a free market.
...and the situation is exactly the same in all other Nordic countries WRT their capitals (Helsinki, Stockholm, and, I bet, also the two other states).
Give more money to the people who've got a proven track record of ethical behavior! /s
Something I want to know is how many homeless people are there compared to empty houses* already?
*empty, livable houses, obviously not falling apart houses that need a lot of work just to be livable
*empty, livable houses, obviously not falling apart houses that need a lot of work just to be livable
i don't really care either way about apple's involvement here; they have so much money that throwing a billion here or there is nothing to them. it doesn't change the core issue, which is that CA currently has far more empty living spaces than unhoused people (and this goes for the US as a whole). the solution isn't simply 'build more homes,' just as the solution to the current dire state of the american working class isn't simply 'deregulate more' or 'lower taxes.' we ultimately pay much more (if you include the absurd for-profit health premiums and lack of medical/parental leave of this country) for the necessities that most other countries get included as, instead, part of their slightly higher overall tax percentages.
the problem is the commodification of housing; the fact that in order to live in a broom closet that's falling apart in most cities, it costs an absurd amount even for someone working multiple jobs. even where I live, in a relatively small town, housing has inflated dramatically over the past several years, and our home is probably 'worth' at least 50% more than when we moved in. given not only the complete stagnation, but indeed fall of wages over the past several decades, this is incredibly concerning.
the solution is to simply house people who cannot afford it. our government has far more money unquestionably devoted to its police and military than would be needed to buy up and maintain unused homes many times over for the unhoused population across this country (and id argue that housing the homeless would do far more good than either of those institutions ever have). the ability for all of us to live with dignity is infinitely more important than the profits of landlords, full stop. letting properties sit around unused while people sleep on the streets below them just because someone wants to make money is cartoonishly cruel.
for reference, this article is still relevant despite being two years old; since then, by all accounts, even more people have fled due to exorbitant costs.
San Francisco has nearly five empty homes per homeless resident
And the Bay Area’s ten largest cities combined sport three empty homes for every two persons without one.
sf.curbed.com
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Not long from now, with will be $2M and it will come integrated with an “App” Store … Homes will be like your iPhone device.
What!!! Tim Cook, you helped all these people instead of developing a 5 min. flight into space (as a publicity stunt). What were you thinking!!! 
'affordable' in the united states still means 'enough to ensure that full-time labor being seen as the natural way of things remains unchallenged'
That is nice to see.Perfectly nice house in a perfectly nice neighborhood in the rust belt. All in: $875/month.
5119 Old Mill Rd, Fort Wayne, IN 46807 | Realtor.com®
View 32 photos for 5119 Old Mill Rd, Fort Wayne, IN 46807, a 4 bed, 2 bath, 2,140 Sq. Ft. single family home built in 1958 that was last sold on 09/14/2021.
Count me in.
I honestly would love to see this type of money pumped into desalination plants. We have more issues with water for all of Californians than housing.
In Sacramento and the outlying areas we keep seeing more and more housing developments pop up when our water capabilities are already strained.
In Sacramento and the outlying areas we keep seeing more and more housing developments pop up when our water capabilities are already strained.
How much of the money is reaching the people who need it? What percentage is eaten by salaries and other overhead by all the organizations listed?
Housing is insane everywhere. I'm glad Apple is trying help in their area. My friend works in SF and can't even start looking at a house because of the insane price.
For me, I'm in the process of trying to buy my first home and it is just nuts.
For me, I'm in the process of trying to buy my first home and it is just nuts.
Did any of the naysayers here even read the article?
Apple recognizes the demand is far outpacing the supply in CA. The exact same thing is happening all the way over here in MA. It‘s terrifying to see as someone who knows he’ll buy a house sometime in the next 10+ years.
Obviously, the people who build homes want to…do their job? Put food on the table? I know, I’m talking crazy. Alas, the solution isn’t to just lift all construction regulation and let them at it. One can have the best of faith in any company in the trades but they will always find ways to cut corners (no pun intended) if they can. Look at what happened in Florida. That is the kind of tragic thing that happens constantly in countries with little-to-no construction regulation. (Before anyone asks if I even know anyone in the trades, my aunt and uncle founded/have continued to run one of the most respectable wood finishing companies in all of New England for the last four decades. I’ve had more than my fair share of conversations about this topic.)
One more thing. I can’t imagine land itself is too cheap in CA…
This is incredibly laudable on Apple’s part. Full stop.
Apple recognizes the demand is far outpacing the supply in CA. The exact same thing is happening all the way over here in MA. It‘s terrifying to see as someone who knows he’ll buy a house sometime in the next 10+ years.
Obviously, the people who build homes want to…do their job? Put food on the table? I know, I’m talking crazy. Alas, the solution isn’t to just lift all construction regulation and let them at it. One can have the best of faith in any company in the trades but they will always find ways to cut corners (no pun intended) if they can. Look at what happened in Florida. That is the kind of tragic thing that happens constantly in countries with little-to-no construction regulation. (Before anyone asks if I even know anyone in the trades, my aunt and uncle founded/have continued to run one of the most respectable wood finishing companies in all of New England for the last four decades. I’ve had more than my fair share of conversations about this topic.)
One more thing. I can’t imagine land itself is too cheap in CA…
This is incredibly laudable on Apple’s part. Full stop.
Wait, what? They gave company's $1b to some random causes? What about returning those monies to SHAREHOLDERS who own the company. Capitalism isn't a charity case. Set up a not for profit if you want to do the social warrior bit but do it without spending money that should be returned to shareholders.
Tax corporations. Is a tax a cost of doing business? What do businesses do when they're costs go up? Should we tax someone's wealth so that other people can keep more of theirs?