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Apple Pledges $2.5 Billion To Combat California's Housing Crisis

Dittohead not!

Dittohead not!

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Apple Pledges $2.5 Billion To Combat California's Housing Crisis




Apple is pledging $2.5 billion to confront California's housing crisis, in a bid to help the state ease a situation that's been blamed for marginalizing people in service and support jobs and creating a spike in homelessness.
"The sky-high cost of housing — both for homeowners and renters — is the defining quality-of-life concern for millions of families across this state, one that can only be fixed by building more housing," Gov. Gavin Newsom said in a statement from Apple. "This partnership with Apple will allow the state of California to do just that."
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This is something worth watching. I've often wondered where people who wait tables or tend bar live in areas where housing prices start at a million and go up from there.
 
Unfortunately, this is an example of throwing money at a problem on the assumption that the economics of California’s mess improves.
 
OrphanSlug said:
Unfortunately, this is an example of throwing money at a problem on the assumption that the economics of California’s mess improves.
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California has the strongest economy of any state in the union. It also has sky high housing prices due to the laws of supply and demand. Those 40 million people and growing have to live somewhere.
 
Dittohead not! said:
Apple Pledges $2.5 Billion To Combat California's Housing Crisis







This is something worth watching. I've often wondered where people who wait tables or tend bar live in areas where housing prices start at a million and go up from there.
Click to expand...

I got pummeled on here a year or so ago when I said that the homeless were actually booming during Obama's presidency.

So.............I guess Trump must have done it. :lamo

The media was hush hush for how long?

Liberalism!
 
Dittohead not! said:
Apple Pledges $2.5 Billion To Combat California's Housing Crisis







This is something worth watching. I've often wondered where people who wait tables or tend bar live in areas where housing prices start at a million and go up from there.
Click to expand...

Just wait until they run into California’s building and environmental codes! From bare land to handing out keys, it takes around ten years. By then many projects are simply abandoned.

I can hardly wait. But on the bright side maybe Apple will bring attention to it.

Dittohead not! said:
California has the strongest economy of any state in the union. It also has sky high housing prices due to the laws of supply and demand. Those 40 million people and growing have to live somewhere.
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Its not simply supply and demand. The demand is there, it’s the politics of preventing appropriate housing.
 
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charliebrown said:
If housing cost 1M per home, 2.5B will only buy 2500 homes. It is not much of a dent, but it is a good gesture and hopefully, it becomes a trait for more companies.
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Where we are headed is public housing - AKA tenements. But to give all the political forces what they want, they will end up being too expensive. Remember, this is a state that can’t keep human feces off the street anymore.

The “Greats” - the special people who know how to do things and fix things in the public sector are not stepping up. Who wants to face a Trump level **** storm from 20 different directions trying to design compact housing that would keep Woke to Broke happy. (And then comes that Halloween photo of you as a pirate, when you had never even set foot on an outlaw brigantine, and then you are out on your ass for cultural appropriation!)

California is paralyzed. Maybe comatose is a better description. Or organ donor status.
 
RetiredUSN said:
I got pummeled on here a year or so ago when I said that the homeless were actually booming during Obama's presidency.

So.............I guess Trump must have done it. :lamo

The media was hush hush for how long?

Liberalism!
Click to expand...

I think you're overestimating the power of the presidency. Neither Obama nor Trump is responsible for the homeless problem.
 
chuckiechan said:
Just wait until they run into California’s building and environmental codes! From bare land to handing out keys, it takes around ten years. By then many projects are simply abandoned.

I can hardly wait. But on the bright side maybe Apple will bring attention to it.




Its not simply supply and demand. The demand is there, it’s the politics of preventing appropriate housing.
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Houses are being built like crazy in California. The supply isn't keeping up with the demand though.
 
charliebrown said:
If housing cost 1M per home, 2.5B will only buy 2500 homes. It is not much of a dent, but it is a good gesture and hopefully, it becomes a trait for more companies.
Click to expand...

Agreed, it's a good gesture. It will purchase more homes than that price suggests, as it doesn't cost that much to build houses. Most of the cost is in the land, which is also subject to the laws of supply and demand. It's difficult to increase the supply.
 
chuckiechan said:
True LA and the SF Bay Area are moving to Northern California or out of the state entirely.
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That should help reduce overcrowding and gridlock:

134002821-1068x566.jpg
 
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