buried lede they make $18 and $20 an hour respectively should set off alarm bells that the region as a whole is completely fuckedhttps://twitter.com/BenjaminNorton/status/889551314845347841 …
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which may be true enough but idk what people expect them to do
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I mean they could just start buying off municipal governments and forcibly reshaping the region
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but I expect a lot of people would be very upset with this, and they don't really have the vision to pull it off anyway
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It is rightfully decried as such. Less homeownership equals more inequality because people can't build up equity.
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That being said, the blame still lies chiefly with governments. They make policies that make housing completely unaffordable.
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Not saying that corporations are completely blameless (H-1B visa abuse, which further exacerbates housing costs).
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Even then, governments actively enable that sort of behavior, especially in California.
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The problem is those who already have money in real estate, & developers, always want to choke supply to raise their own value.
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Investment by tech companies should be great, if they're solving a problem & the need to make profit from it is secondary.
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But yeah, at this point, anything that increases supply of well-planned, low-cost housing, is good.
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Columbus and Houston have cheap apartment complexes everywhere. No reason why SF suburbs couldn't, even if SF city will always be expensive.
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NIMBYism, the cancer of the Bay Area. State govt needs to take over zoning and force cities to allow development.
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Tech companies could build in South, North or East Bay, opening up commutes from lower cost communities. But mid peninsula is so cool.
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Serfdom is actually good. If they didn't earn their serfdom they would have gone to live in not-bay-area.
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Worse still, these ppl work for Flagship Facility Services (food svc contractor), not FB & prob aren't eligible for tech co housing.
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