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Apple Commits $2.5 Billion to Fight California Housing Crisis
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This should probably be in PRSI as it's clearly the start of Cook 2024's run for the democratic nomination if Trump wins again next year.
This is terrible and utterly classless. The problem definitely isn’t the billionaire oligarchs in CA, but a powerless class of people with no voice who are easy to scapegoat.
Google announced something similar earlier in the year: https://www.blog.google/inside-google/company-announcements/1-billion-investment-bay-area-housing/
Its gotten to the point its definately an issue attracting talent - even with the high salaries employees can't afford lifestyles they can in other metros. Not everyone has $400,000 sitting around for down payment on a moderate house near the office, and they'd probably be out bid by a cash offer anyways. If they want people to stay and raise a family in bay area, these large tech firms need affordable housing. Otherwise they just end up with churn.
It is up to the shareholders to boot Tim if they don't like how Apple is being run.
I wonder if all this includes a free lifetime subscription to Apple TV+
?Based on many of the replies, I'm wondering why this news story / discussion wasn't posted in PRSI ?
So is money the issue here or is it bad government policies/regulations. If it’s the latter it doesn’t matter how much money you throw at it.
Terrible and classless? No. What it is is true.This is terrible and utterly classless. The problem definitely isn’t the billionaire oligarchs in CA, but a powerless class of people with no voice who are easy to scapegoat.
US spends money on illegal extraterrestrials?
Consume
Live in Containers
Don't Have Kids
How about limiting immigration both legal and illegal so the native-born residents (also legal and illegal who came here last year and the year before) don't have to compete with more persons, both in jobs and housing.
Artifically deflating the 'Housing Crisis' with subsides while at the same time supporting mass immigration won't solve anything and will increase your taxes down the line.
Live in Containers
Don't Have Kids
How about limiting immigration both legal and illegal so the native-born residents (also legal and illegal who came here last year and the year before) don't have to compete with more persons, both in jobs and housing.
Artifically deflating the 'Housing Crisis' with subsides while at the same time supporting mass immigration won't solve anything and will increase your taxes down the line.
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Sooo.....how exactly is this going to bring home prices down?
Yes, but what are the profits on all those Android phones? What are the profits on all those non-Apple PCs? Growth isn't the only thing investors care about. Sometimes growth is weighted more than profitability but profitability matters and sometimes matters more than growth.
Maybe, I was thinking along the lines of if a Dem wins 2020 then he won't go against the incumbent. Plus assumed he had designs on the biggest job, but CA might be enough to satisfy his ambitions.
"Americans" are humans beings as so are those aliens.
You don't know anything about the stories and lives that led those aliens to the situation they are in today but racism is unfortunately screwing up your judgement.
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Do you know anyone who pays more tax than they are legally obliged? I certainly don't!
Literal pepe account here to promote some variation of the "immigrants drive down wages" myth. America is a big rich country with lots of room. Any problems it has are very little to do with illegal immigrants.
That would be a disaster. Tech companies in Silicon Valley and the San Francisco Bay Area in general have been relying on on their unique proximity to universities (Stanford, UC Berkeley, Santa Clara, San Jose, etc) with a well-developed junior college system, along with fast-paced start-ups, who have fueled technology growth with local talent in the area for more than 60 years.
It's also a great place to live.
Having lived in LA for 3 years, it’s 95% gov. People keeping voting pure ideology regardless of what actually addresses the issues.