Can Big Tech Curb A Housing Crisis It Helped Cause?

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Can Big Tech Curb A Housing Crisis It Helped Cause?

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4 жыл бұрын

Affordable housing has become a crisis on the West Coast, due in large part to the expansion of the tech industry. Cities like San Francisco, San Jose and Seattle have all seen rising housing costs with the influx of tech workers who tend to make much more money than natives who aren’t employed by a major tech company. This has prompted Amazon, Apple, Facebook and Google to chip in, but some community members are saying it’s too little, too late.
Affordable housing has become a crisis on the West Coast, due in large part to the expansion of the tech industry. Recently, these major tech companies have pledged money and support to curb the affordable housing crisis in their communities, but it has left some community members wondering if they're doing enough, and if it's too little, too late.
"We're being ignored." Liz González, a contributor at Silicon Valley De-Bug, voiced her concerns about the expansion of Google into San José. "We're being displaced, and folks who have no long term interests in this community get to decide what it looks like and who gets to live here."
The Bay Area, which includes major cities like San Francisco and San Jose, has the third largest population of people experiencing homelessness in the U.S. behind New York City and Los Angeles. Seattle comes in at number four in the U.S. In the Bay Area, 64% of those individuals are unsheltered, and in Seattle, 47% are unsheltered.
The growing number of tech workers created a housing shortage in the Bay Area, with an 8.4% increase in population and less than a 5% increase in housing units between 2010 and 2018. The increasing salaries of these tech workers created staggering housing prices, with software engineers making a starting salary of about $160,000 annually at Apple, Google and Facebook, 40% more than the national average for the same job. Rent prices in the Bay Area increased 21% from 2010 to 2017 when adjusted for inflation. For context, in the same time period, rent prices in New York City increased 9%. These were major contributing factors to the Bay Area's housing crisis.
"They're making it very difficult for people who's been here for a very long time to live here," explained Tamara Mitchell, a volunteer at the Coalition On Homelessness in San Francisco. Tamara has experienced homelessness due to the lack of affordable housing in the area. "It kind of feels like they're pushing you out of your home."
For U.S.-based tech-related jobs in 2018, Google employed 95% white or Asian individuals and 74% male-identified individuals, Apple employed 84% white or Asian individuals and 77% male-identified individuals, and Facebook employed 93% white or Asian individuals and 78% male-identified individuals. A high percent of these tech employees live and work in the Bay Area. However, according to estimated data from the Census Bureau in 2018, the Bay Area is home to 67% white or Asian individuals. Tech companies are disproportionately hiring white and Asian male-identified individuals for tech jobs, leaving lower-wage jobs for mostly black, Hispanic and Latinx individuals.
Google has pledged $1 billion to help stop the housing crisis. Facebook helped create the Partnership for the Bay's Future which will gather $500 million for the cause. Apple is giving $2.5 billion to the cause, and in Seattle, Microsoft is chipping in $500 million, while neighbors Amazon have opened a homeless shelter on their downtown campus. Amazon also says it's contributed $38 billion into Seattle's economy since 2010.
The affordable housing crisis in the Bay Area and Seattle is changing the landscape and makeup of the communities that fostered the tech boom. Companies like Apple, Google, Facebook and Amazon have stepped up to provide support, but some believe their contributions are more for the press than for the sake of the community. Regardless of their intentions, many West Coast communities are calling out for help as they tackle this state of emergency caused by companies created in their own backyards.
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Can Big Tech Curb A Housing Crisis It Helped Cause?

Пікірлер: 2 400

@MetalGearMk3 4 жыл бұрын

"There's not enough housing.." There are 100,000 empty homes in LA which are bought out by foreign investor, maybe its time to do what Paris did, 60% empty home tax? Maybe CNBC should look into that?

@williamnguyen3896 4 жыл бұрын

interesting idea. a 60% empty home tax seems reasonable

@MrNeilTV 4 жыл бұрын

I’ve never heard of this but I like the idea!

@vdan6613 4 жыл бұрын

MetalGearMk3 completely agree. Vacancy tax is the only was yo solve this

@katnip6289 4 жыл бұрын

Yeah I know, it's the rich Chinese buying them for investment purposes only. 😤

@bestcity0979 4 жыл бұрын

@@katnip6289 ikr?? So many chinese investors???

@MrHappyZorro 4 жыл бұрын

Endless zoning regulations and mountains of red tape make it impossible to simply provide housing.

@b5thomas7 4 жыл бұрын

Even the software engineers making 140K aren't doing so great if homes cost 1.1 -1.4M.

@ecclairmayo4153 4 жыл бұрын

Bingo

@willn8664 4 жыл бұрын

Those techies should work remotely and live in a red state if possible.

@variablex1374 4 жыл бұрын

@@willn8664 Interesting thought.

@RealJudyi 4 жыл бұрын

In Bellevue Wa. you can earn 500k and not able to own a home. You need to travel for 2-4 hours out of Seattle for something decent....assuming there's no traffic. 250,000 home is a crack house here, complete with "do not enter" signs and everything.

@urbanintrovert 4 жыл бұрын

@@RealJudyi If you earn 500k, you can definitely own a home in Seattle. You can own a home in Seattle even if you earn half of that. You just need to save up & not go crazy & blow all your money on frivolous stuff. You can easily buy a $1.5 million house within 3 to 5 years depending on your saving & spending. You just need to save up for down-payment & guess what you'll still have plenty of money left for a rainy day.

@JB-so5gr 4 жыл бұрын

I am all for bashing big tech, they have a lot to answer for. But they didn't cause this crisis, politicians and NIMBY's did.

@starloszelson4541 4 жыл бұрын

Joe Bradley I say leave move move move Texas Vegas Reno Mississippi leave leave California

@JM-ps6le 4 жыл бұрын

Starlos Zelson housing prices are rising fast in Texas. You’ll have a hard time finding a good job in Mississippi. It’s a small town state. No real big cities and very high poverty. My home state. It’s stuck in 1950 the moment you leave the city. And no one wants to go to Reno. Only thing there is Tesla

@shammydammy2610 4 жыл бұрын

@@JM-ps6le It's still better than the Bay Area for the ability to find and keep housing

@Opinlinz 4 жыл бұрын

If people keep coming to Texas they'll just create the same issue as they did in California by fleeing there. Texas has already seen price jumps in rent and its expected to go even higher because too many people are moving to the state.

@shammydammy2610 4 жыл бұрын

@@Opinlinz Texas is just one option for those who choose to flee California. There are many others. But under no circumstances do I believe that people who can do much better elsewhere need to stay in CA.

@leolee6786 4 жыл бұрын

Maybe the local San Francisco government should actually allow development

@jon-unicorn-doxxer 4 жыл бұрын

its a good thing...But their not allowed to put so many skyscrapers as New York does...

@patrickquinn8473 4 жыл бұрын

Leo Lee who is going to develop low cost housing ? Nobody, if you can’t afford it , go somewhere cheaper. It’s the way the world works . The problem here is entitlement. If you’re a low wage / welfare person you don’t live in high cost accommodation, we all want the best , but do you have the means .

@highbrass3749 4 жыл бұрын

@@patrickquinn8473 So the most leftist place in the country wants all the poor people to just move away. Sounds about right.

@patrickquinn8473 4 жыл бұрын

High Brass there’s no doubt Cali left wing bias is a big draw , for the work shy, coupled with the ideal climate , will increase an influx of entitled people . They wil have to build some low cost accommodation, to try to cope . But it will not be in the Bay Area ,it wil be in lower cost , regional areas .peoplle on low wage / welfare cannot afford to live in such desirable areas , same as they don’t drive top of the range motor cars . This entitlement attitude is staggering, they need to get real, both on the streets and the corridors of power .

@lakorai2 4 жыл бұрын

@@patrickquinn8473 Well they are going to push out all the regular non tech people. No more Home Depot managers. No one will work at Starbucks. No more grocery store employees. See how this would cause a catastrophe?

@samiyoqk 4 жыл бұрын

NIMBYs: *creates housing deficit* Also NIMBYs: "Why would tech companies do this?"

@stealth797 4 жыл бұрын

Exactly. Once you start drilling down into the details it basically comes down to NIMBYism. kzfaq.info/get/bejne/e96Xq9p8066cqWg.html

@holdmybeer123 4 жыл бұрын

Sush, you are not allowed to talk against propoganda.

@stealth797 4 жыл бұрын

@@holdmybeer123 Lol

@benjaminchen8857 4 жыл бұрын

Companies are replacing the government. I hope Republicans are happy

@luxushauseragency 4 жыл бұрын

Gentrification has to be better managed by the local authorities whose policies are often too shortsighted. It is not the tech companies responsibility, this is a matter for the authorities. It's complex, but that's why the authorities have power to apply caveats when granting developers permission.

@Jasa12265 4 жыл бұрын

Yes, tech companies created a shortage of housing in Silicon Valley. However it's on the local government and residents (NIMBY's) for not allowing developers to increase the supply.

@aigirls9927 3 жыл бұрын

developers would devliver, however POLITICIANS, makes all the trobules

@sssaaa9043 3 жыл бұрын

nimby groups are large voting parties, with good monetary backing and lobbying, and also tech newcomers are pretty satisfied with the situation as they can afford the mortgage on a rapidly appreciating asset

@fladave99 Жыл бұрын

EXACTLY. And dont forget. Politicians make a FORTUNE off homeless as well as rising property prices they intentially icrease. Funny, I did not see that aspect in the "JOURNALISM" presented here.

@SanDiegoOfficial 4 жыл бұрын

16:15 Amazon: we create jobs and those jobs pay taxes to the city and community. But Amazon themselves pay 0 in taxes as a corporation.

@dylanthornsberry8778 4 жыл бұрын

Lol they paid taxes just no income taxes. 3.4 billion last 3 years actually. GM doesn't pay federal income tax either and no one cares 🤷

@Streghamay 4 жыл бұрын

There is actually 60 companies not paying federal income taxes. itep.org/60-fortune-500-companies-avoided-all-federal-income-tax-in-2018-under-new-tax-law/

@jordanjohns2890 4 жыл бұрын

$0 in taxes to the feds in 2018 but Amazon has paid billions to the state and local governments.. They could easily use that to kickstart residential development, but choose not to, just like in Cali..

@Streghamay 4 жыл бұрын

Mostly in places they want their warehouses built.

@Streghamay 4 жыл бұрын

@@jordanjohns2890 They have a warehouse in a town 30 mins from us. Made the rent skyrocket there too.

@niceshot4563 4 жыл бұрын

I am going to have to live in my Cybertruck when I buy one.

@GURken 4 жыл бұрын

first will be cybertruck, then 200-storey slum tower block this country is going full cyberpunk dystopia

@dybooma 4 жыл бұрын

I hope your windows can withstand a meth head with a baseball bat.

@SoCalFreelance 4 жыл бұрын

...surfing the web on your Cyberdeck

@Obscurai 4 жыл бұрын

Certainly cheaper.

@will8677 4 жыл бұрын

@@dybooma *A metal ball enters the chat*

@bhobg 4 жыл бұрын

Zoning laws need to be changed to allow for high rises

@fridge6668 4 жыл бұрын

High rises are very expensive I bet the poor will not be able to afford maintenance fee.

@fridge6668 4 жыл бұрын

@Ben W what is the point of living in high rises in California? who needs that?

@fridge6668 4 жыл бұрын

@Ben W I think agricultural land must be protected by appropriate legislation thus preventing cities from further sprawl.

@meixingmichael2480 4 жыл бұрын

Bob Guerrero true

@cheezehao1129 4 жыл бұрын

@@fridge6668 If the rich all went to bought those expensive high rises, won't there be more land left for the poor and middle income?

@willn8664 4 жыл бұрын

Hmmm I wonder why CNBC won't interview the foreign investors who raise the cost of living.....

@animerocks2468 4 жыл бұрын

Probably because CNBC has a lack of interviewing staff that can speak Mandarin.

@darthutah6649 4 жыл бұрын

or the nimbys

@ivandrago1133 3 жыл бұрын

More likely it’s taxes being raised by politicians.

@lil_lyrix 3 жыл бұрын

I love how they said it disproportionally effects people of color while showing a chart where white people in the Seattle area are almost double in terms of people homeless.

@laken1804 3 жыл бұрын

I noticed the same too. They always have to pin poverty on black people and Hispanics.

@dappergander 2 жыл бұрын

I suspect they planned on playing the race card, and when the numbers didn't work in their favor, they had to find another way to spin the narrative.

@MrApontjos 4 жыл бұрын

Love how they turned the problems of excessive building regulations into race-baiting and corporation-bashing

@MultiSmartass1 4 жыл бұрын

Private sector is racist and heartless .

@ryanmassie448 4 жыл бұрын

Because people love it when you lower earthquake safety standards

@ayoutubechannelname 4 жыл бұрын

@@ryanmassie448 Why not build using B-Core Stainless Steel Panels so that tall buildings don't have to be so heavy. That way, they should be able to pass earthquake safety regulations. 👍

@ayoutubechannelname 4 жыл бұрын

@Roy Rogers Yes

@avigindratt7608 4 жыл бұрын

Imagine defending racism and large corporations

@protectork9831 4 жыл бұрын

Permit to build a house in Cupertino is 300k. Government is to blame

@chrisguevara 4 жыл бұрын

Government listens to the people. The problem is which people. If they are being influenced by big business, then you see what happens. But money talks in our currently allowed private financing of political campaigns. Money talks, big money talks big time.

@izdatsumcp 4 жыл бұрын

@@chrisguevara They aren't being influenced by big business here, they're being influenced by NIMBYists.

@2013branth 4 жыл бұрын

@@chrisguevara Somehow in this scenario, I doubt the 300k price tag on building permit is a result of big businesses. In fact, if you're a construction company, wouldn't you want building permits to be cheaper so that there would be more demand for your services?

@jcgw2 3 жыл бұрын

@@2013branth it's stupid people who don't want high rice buildings do to shadows or because they don't want change

@kevinclass2010 3 жыл бұрын

@@2013branth Not really, it's like making gucci branded products: exclusivity pays dividends.

@JesPulido 4 жыл бұрын

I think the local governments' city/urban planners deserve a lot more of the blame.

@Pcarnevaaa 4 жыл бұрын

Exactly. There should be a law that prohibits too many of the same companies in the same area.

@kea5763 4 жыл бұрын

I like the idea of herding them into luxury high-rises with no personal automobiles, just public transportation. Let them Uber to subsidize the non Tech workers income (since they will have drveways front and back yards with personal automobiles in them). Who cares if the rich people live in high-rise Towers crammed along the highways, lol. They deserve it. Problem solved!

@R3tr0v1ru5 3 жыл бұрын

@@Pcarnevaaa No lol.

@stevefink6000 4 жыл бұрын

I bet if Google decided to leave, they'd be demonized for that too.

@ladycatfish2896 4 жыл бұрын

Of course. If they leave, how will the CA Democrats shake them down for more money?

@marycanfield8654 4 жыл бұрын

Google and Amazon need to set up shop out in the F'n desert, build their own cities.

@bloopbloop2019 4 жыл бұрын

On periodt pooh

@lVladness 4 жыл бұрын

Mary Canfield lmao fr 🤣🤣

@Rudenbehr 4 жыл бұрын

They don’t do this because tech talent doesn’t want to move to the desert where no one or nothing is there.

@lVladness 4 жыл бұрын

KimiDesu Arizona is one of the fastest growing states in the country .. and it’s a desert ... do you know how they attract people.

@noirto2 4 жыл бұрын

That goes against the capitalist model, they rather pocket the money instead of wasting it on building new infrastructure.

@superdad2578 4 жыл бұрын

Steve Kerr?

@jon99867 4 жыл бұрын

He's got to occupy himself with something while all the star players are injured.

@richardholmes7199 4 жыл бұрын

I thought, is that Steve Kerr?

@hamndv 4 жыл бұрын

Good luck coach with GSW & housing crisis

@northernnativesdesz 4 жыл бұрын

🤦‍♂️

@southstar9931 4 жыл бұрын

lmfao

@robbietoledo8605 4 жыл бұрын

Trying to blame software engineers for a housing crisis, come on CNBC you're a joke.

@studiopaultv 4 жыл бұрын

They were placing emphasis on the Bay Area or Seattle at 1:22 and blaming tech companies for it, yet Los Angeles has an even worse situation with 55,200 people homeless and 75% of them living without shelter, and they didn’t even pay any attention to that.

@SL-eo5pz 4 жыл бұрын

Paul Anthony Dela Cruz it’s about the ratio

@ladycatfish2896 4 жыл бұрын

They can't blame tech companies and shake them down for money in LA, since they are not there in LA...

@techhelpportal7778 3 жыл бұрын

That's nimby's and government

@nguoiEmOi 4 жыл бұрын

I guess White and Asian are the same race now.

@manurr10 4 жыл бұрын

Also Indian.

@highbrass3749 4 жыл бұрын

You don't play well in the oppression olympics I guess. You'll just have to be a confused spectator like working class whites.

@Rudenbehr 4 жыл бұрын

High Brass Ok boomer

@highbrass3749 4 жыл бұрын

@@Rudenbehr I'm a millennial. Happy Thanksgiving.

@elimontanez586 4 жыл бұрын

They left out a huge group of individuals who are brought from their country of origin to work here. I don't know why these companies don't have their own schools to teach people want they are looking for.

@watomb 4 жыл бұрын

They want to protect housing prices so have restrictions on new builds

@berniecruz8405 4 жыл бұрын

exactly, but also the state and counties want to protect their property taxes that they're currently at too! But then they turn around and have to spend millions on the homeless situation it's causing. Also the state is raising prices on other things like toll bridge fees too. I can remember when it only cost $2.00 to cross, now the golden state bridge cost $7.00 to cross and there is no improvements done to that bridge. The cost of paint has not gone up. So there's no justification for these increases.

@test-mm7bv 4 жыл бұрын

other states with thriving tech sectors don't have this issue (e.g., texas, dc area) seems like this problem flows from poor policy people vote with their feet, so cali's middle class will likely hollow out over time

@berniecruz8405 4 жыл бұрын

@@test-mm7bv Those other states with Tech don't have that problem because those states are not as desirable to live there like it is in California. And what I mean by "desirable" is in regards to the environment, climate and weather, etc.. California only has to deal with earthquakes , in regards to natural disasters. Not like those other areas that deal with hurricanes, storms, tornadoes, constant floods, excessive heat, etc... Plus those other state's tech jobs don't pay as high as the tech jobs in California nor do the tech companies in those states run their companies like a startup, with free breakfasts, lunches, dinners and snacks all day, game rooms to blow off stress, free gym memberships, free monthly reimbursements for some monthly personal expenses, dry cleaning, etc... Tech companies in California also offer stocks options to employees too which most of the time the company actually goes public and makes employees money. AND let's not forget annual bonuses too!! As high as 5% of an employees salary, plus unlimited PTO (paid time off). These are all the perks that Tech companies here in California offer and this is what drives everyone, in tech, to come here. Those other states with their tech companies run their companies with the demeanor of "an employee should shut up, do as their told and just be thankful for having a job" mindsets. And most people in those states accept and believe in that too. This is why the tech industry here in California is far different that other states and why California has a housing crises. Everyone wants to come here for these types of tech jobs.

@berniecruz8405 4 жыл бұрын

@GamingTV I agree totally!! This is why California needs to pass the law that Nevada passed during the dot com boom and prevent non-residence of California, from purchasing the housing inventory. But also loosen up the zoning laws and regulations and allow for abandoned or non-used business complexes to be demolished and allow more homes to be built. The bay area needs to be flooded with more built homes in order to get these prices down.

@berniecruz8405 4 жыл бұрын

@@NoobNoobNews Oh, you can tell me "for a fact" that California is not a desirable state to live in? REALLY? You said it yourself, you "visited", guess what I live here and in the bay area too! I'm in the heart of it all. AND FOR THE RECORD.. Countless of people who come here and those who I have encountered in other states, ALL say and mention about wanting to come to California, especially about wanting to get a job at a tech company for all the perks they provide. So, I think I would know more about this state than you. I was born and raised here. Also, I've visited over 10 other states in my life time and have seen how "living conditions" are. They don't compare to California. Furthermore, I use to live in Texas for a year, as well. I know exactly how the weather and climate is there. It's crap. Extreme humidity and floods all the time because of the Gulf . The only natural disaster California has are earthquakes and the serious ones only happen like every 20 years. So, yeah, California is a more desirable state to live. But, as you stated, we are taxed to death, true! but the reason for this is due to the effect of people migrating to California. Lastly, the only people who are leaving California are the ones who are under educated, with no tech skills and only can hold down manual labor jobs. Those are the only ones moving out.

@The_VANtastic_Pack 4 жыл бұрын

I was born & raised in the bay area/silicon valley mainly. Been here 41 years. This documentary is the most accurate one ive seen soo far of what is going on here. It's a total tear jerker as well. I too am leaving in a few months to another state. I cannot take what is happening here anymore. I cannot continue to support such a place either that does this to its people.

@C.Justin 4 жыл бұрын

I'm confused. Are we mad at big tech for paying their employees too much?

@weksauce 4 жыл бұрын

I, for one, am mad that big tech colludes to pay its employees less than a competitive market rate. Silicon valley giants were caught colluding against labor with blacklisting. Only paid a tiny settlement. America.

@kea5763 4 жыл бұрын

@waylon lewin are you okay? lol lololololol

@cristianmunoz2480 4 жыл бұрын

It's more that since the Apartments and other housing knows that these workers are making a lot of money so they increase rent because they know these employees can afford it.

@TheArris1 4 жыл бұрын

Simply turn off the tv. Start a business .

@bongwelll 4 жыл бұрын

For not paying their fair share of taxes along with all the other giant corporations. Welcome to 1984

@Nobodyrocked 4 жыл бұрын

I hate to be that one guy, but the blame also goes to the government for not allowing new building developments.

@jpao908 4 жыл бұрын

It is most likely the local government creating this crisis somewhat like Hong Kong!

@Malik_Maverick 4 жыл бұрын

Nobodyrocked Wait, I thought there were new construction sites going up in Cali.....? Where did they house all the Silicon Valley workers when they started to move to Cali over the last 10-20 years?

@Obscurai 4 жыл бұрын

Absolutely it's the fault of the local (and state) governments. They are in control of zoning, permits and by-laws. It just needed governments to understand the impacts of rapid development, population increases and capital flows, while not being seduced solely by business investments and short term vote tallies.

@boevansrealty8050 4 жыл бұрын

That and the regulatory cost of building.

@ryanmassie448 4 жыл бұрын

I mean the problem is that their out of land and they can't create it out of thin air.

@anony88 4 жыл бұрын

If Asian people, a minority, can succeed, why can't the black and Hispanic community succeed? Go to colleges in the bay area. You'll see a lot of white and Asian students. I don't believe there's anything stopping Hispanic and black people from going into college other than financial reasons(which can be understandable). I'm just saying that the education system is failing black and Hispanic people. They also often probably face a lack of motivation to succeed because of the environment they're brought up in. Go to Detroit. Many individuals who grow up in bad neighborhoods there often don't end up succeeding as well as people who grew up in good neighborhoods. I don't believe there's any type of racism issue. I just feel like the lower income communities need better programs for black and Hispanic to assist with education and direction in life. Tech companies can do more in terms of donating to those causes in order to expand their diversity. Much of the issue is a cultural issue. Watch that show beyond scared straight. Most of those kids don't come from the best households. That is only part of the issue of course. Middle income families working regular jobs are being displaced by tech companies of course. Housing development is too slow. High rises need to be built for housing, but housing companies can't find the land and incentive to build larger residential buildings to house more people. The government should be stepping in to make it easy for that to happen.

@SiiNTi 4 жыл бұрын

I'm Hispanic and currently living in my car. I needed to read this so thank you :) alot of it does have to do with someone's background

@anony88 4 жыл бұрын

@@SiiNTi I'm sorry to hear that Mimi. After I got out of the army in 2014, I lived in my car a couple times. I barely had enough money and moved acrossed the country a couple times to try and get on my feet. Now I do federal security in Tennessee and make a decent living, and currently working to get into software engineering. Last year I did truck driving and worked in the oilfields. I've done all kinds of things to try and get a stable life. I've had moments where I've made great money, and moments where I made crappy money. It's been a Rollercoaster, and that's how life is for many of us. When you're at the bottom of a Rollercoaster, the only way to go is up. I'm confident that you'll overcome this and get things in order. You're not any less than someone who makes a $300,000/year salary, and you're capable of doing that and more. It's all about how much you decide to apply yourself and seek out a better life. I hope everything works out for you. My family manages a county in Central California and one of their primary goals is to solve the homeless crisis for that county. I've been raised on good morals and I believe almost everyone has the ability to succeed and do well in life.

@SiiNTi 4 жыл бұрын

anony mous thank you truly thank you 🙂 it's Thanksgiving and I'm in my car alone for the holidays as I read this so this was a very nice thing to read today. Blessings to you and your family

@anony88 4 жыл бұрын

@@SiiNTi I'm sorry to hear that. I'm away from family as well. I'd spend it with you if I could. I'm glad I could help. You as well.

@anony88 4 жыл бұрын

@@amberdean4984 because your student debt? Or your degree being useless? Sounds like you should've got a degree in something high paying and in high demand. It works for other people.

@revbobmartin 4 жыл бұрын

Everyone needs to remember that when local, county, state and federal government agencies have made it so expensive through all their regulations, studies and taxpayers future allocations.

@jamesbuisf 4 жыл бұрын

why blame the companies and tech workers? They are not the landlord! Why dont people blame all the greedy landlords, home owners that keep raising their rent?

@khalmasonart 3 жыл бұрын

"Google should pay their engineers less money because I can't compete with them for rent"

@leeroylee5023 4 жыл бұрын

The rent is STILL too damn high

@thediadect8914 4 жыл бұрын

Its not. Rent is increasing because demand is increasing. California is becoming increasingly exclusive to the rich and foreign investors, not for your broke ass

@BKMaster6 4 жыл бұрын

But in the USA we have a city for the super rich and foreigners it’s called NYC

@four4959 4 жыл бұрын

Just waiting the next recession and you'll buy your next house with a 60% discount! We're in a big bubble

@jermainec2462 4 жыл бұрын

@@four4959 or the nxt earthquake ... That clear some land out lol

@carultch 4 жыл бұрын

The number of radians in a circle is two damn pi.

@ApriliaRacer14 4 жыл бұрын

Big tech did not cause greed. It’s greed.

@maxoverridemax 4 жыл бұрын

True.

@JULYXXIV 4 жыл бұрын

An emotion as old as time itself.

@Jansheff2010 4 жыл бұрын

I agree, why are the landlords allowed to raise the rents just because a lot of people in the area make big money, it makes no sense

@ApriliaRacer14 3 жыл бұрын

Circling back to my comment...since my post my landlord tried to raise rent from $3,400. to $4k per month during the pandemic...I wished him luck, broke the lease and bought a house. His response was priceless...”but I won’t be able to get as much during the pandemic”. He really said that over the phone to me. Utter greed.

@Batmann29 4 жыл бұрын

Born and raised in San Jose for over 26 years. I can definitely attest to the housing crisis caused by the massive influx of tech companies. I have a friend paying $3,000 a month for a 2 bed 2 ba apartment. If that ain’t crazy then idk what is. Something has got to change.

@wessmithp5560 4 жыл бұрын

You pay that in San Diego for 1/2br and NYC too studio/1br (lived in both), and more...crazy, yeah, but people move and figure out another hustle;)

@YavinPrime 4 жыл бұрын

One option might be a requirement that these tech companies build housing for their employees alongside their campus development. They could then lease or sell the units to employees to help mitigate the effects on local communities. Similar to how the Military used to (not sure if they still do) build houses for soldiers near or on bases.

@izdatsumcp 4 жыл бұрын

If you got rid of single use zoning, that might happen anyway.

@ecclairmayo4153 4 жыл бұрын

I think that's a great idea!

@naya4607 4 жыл бұрын

Was thinking about this throughout the video!

@SameerKarve101 4 жыл бұрын

Precisely my thoughts.. I wasn't aware though on the single use zoning law. I mean, why disrupt the community first, and then attempt to intervene ?

@devohnmitchell 4 жыл бұрын

Good idea

@kingjames4886 4 жыл бұрын

-starts successful business creating a bunch of jobs -gets blamed for causing housing crisis

@SCHMALLZZZ 4 жыл бұрын

It's one thing to start a business, it's another to keep a business running

@cappuccinopapi3038 4 жыл бұрын

Tech execs not only have to think about the wellbeing of their employees but also about the wellbeing of everyone else

@Gmonee1234 4 жыл бұрын

There is housing, but no one can afford it. California is holding renters and homeowners hostage. I'm glad I left 4 years ago.

@mohitkapoor4615 4 жыл бұрын

Why don't they expand housing vertically instead of preferring horizontal expansion ? USs infrastructure is getting archaic.

@mohitkapoor4615 4 жыл бұрын

@@dhavalb2795 Japan has highest rate of earthquake but they have adopted resistant technologies for construction. Also what's the point of beauty when natives are suffering. Do natives find homeless population aesthetically pleasing ?

@dmblake4 4 жыл бұрын

It sounds like the tech people that moved into the area are being charged inflated prices, but are to indifferent to care. They should be upset also.

@creedbratton606 4 жыл бұрын

Basically just upset landlords that someone makes way more than they do so they jack up the price. It’s selfishness

@innosam123 4 жыл бұрын

dmblake4 The Tech companies actually do care about the crisis because it makes it harder to find employees. The thing is unless they start a RE business, there’s not much they can do other than lobby. As are the people moving in.

@thankyounext365 4 жыл бұрын

Why should you be charged for having a good job. That’s what taxes are to take care of.

@BigDaddyKai620 4 жыл бұрын

I live in the poorest area in California. My rent is 1050$ and it's going up

@mysportisyourpunishment73188 4 жыл бұрын

Where is the poorest area in California?

@wornout3499 4 жыл бұрын

@@mysportisyourpunishment73188 merced has over 50% on medical.

@nito209 4 жыл бұрын

@@wornout3499 what about south Stockton??

@blufilmsesa 4 жыл бұрын

Bakerfields?

@cesarinho22584 4 жыл бұрын

With that money in Guatemala you can live in a nice building for the middle class with pool, gym, green areas... and with $5,000 a month you can live in a mansion just for drug dealers and politicians

@neveonprice3247 4 жыл бұрын

Steve Keer got a real twin 💯

@RGE_Music 4 жыл бұрын

Fr. Gave me a shock

@acz88 4 жыл бұрын

I scrolled through the comments literally just looking for this comment 👍

@michaelcrossley5661 4 жыл бұрын

His voice and demeanor is also dead on.

@onestunningdude9445 4 жыл бұрын

I really thought that was Steve Kerr

@ex0stasis72 3 жыл бұрын

Do away with single-family zoning laws for a start. That doesn't mean that there won't be single-family homes for those who want them, it just means that the city can evolve over time to suit the needs of the population.

@MooMoo69556 4 жыл бұрын

I feel this. I came to live in the Bay Area when I was 18 and even after graduating at a trade school making $25 an hour full time starting out welding, I wasn’t able to make ends meet. I couldn’t support my family and lived with her dad. I ended up joining the military and left that stress behind. The grass was definitely greener on the other side and I really appreciate what the military has done for me and my family and living in the hell that was California made me appreciate my lifestyle more

@nicholasthompson7690 4 жыл бұрын

JD MD Where did you Move to?

@MooMoo69556 4 жыл бұрын

Nicholas Thompson multiple states being in the military. In N.H. currently

@hunnerdayEDT 4 жыл бұрын

The tech companies pay well. Why is their fault that property owners are greedy and local governments are slow?

@nguoiEmOi 4 жыл бұрын

This housing crisis is not cause my tech companies. They the want that creating job and employ people. The city and state governments cause this crisis with their policies and restrictions on building new home.

@covfefe1787 4 жыл бұрын

how about lower the democrat housi ng tax rate from 70% when you purchase a house a studio in LA costs 300,000 dollars while in Texas you can buy a decent sized house and a mansion for 600,000 k get the dems out of office and California will be cheap

@james.walkerUSA 4 жыл бұрын

People are talking about the increased demand in the housing market, but no one wants to talk about why no new housing is being built. Answer: the government. They effectively ban new housing and high-rises. But sure, blame the tech companies.

@Scott-by9ks 4 жыл бұрын

I live in Tennessee and there are a lot of people moving here from other more expensive areas and they are bringing their backwards economic values with them. There are so many people moving here from California, the Northeast and particularly Chicago. They are bringing their sense of value with them. Housing here is getting outrageous! I have seen 2 bedrooms rent as high as $1400/month!!!! In my neighborhood a 2 bedroom rents between $1100-$1200. Keep in mind these units sold 4 years ago for around $120,000! There are a lot more jobs here than what there used to be but the number of people moving here is making it hard to live. Traffic has made moving around difficult and our schools are over crowding. The news said we would have to build a new school every year and hire 85 new teachers every year just to keep up with the growth. Clarksville was named the best place to live in 2019 but in 2020 all these people are putting pressure on the quality of live I have enjoyed for so long.

@kriswingert1662 4 жыл бұрын

My brother lives in Cookville Tn. ( outside of town away from the college ). He is seeing the same thing. It was cheap when he moved there in 1994, but now it is hard to get by.

@Donato93 4 жыл бұрын

The real problem is with local city and rich residents, that stop or delay multi story apartments. San Jose is for high tech . If you are not in high tech , get out of San Jose, it is as easy as that .

@artisticagi 4 жыл бұрын

Alberto Francesca was it for high tech 20 years ago?

@Donato93 4 жыл бұрын

artisticagi I agree with you not 20 yrs but 25-30yrs ago . But such is life . Many cities around the world have become unaffordable because of the it revolution. If you are not on big money in these cities , move out or share with 3 other families in one house.

@NamrehSnayR 4 жыл бұрын

I personally believe that the governments are getting too greedy. When you consider a 250k salary gets taxed at nearly 40% the government should therefore have more money to dump back into the community to provide for the homeless and low-income citizens of the U.S.

@user-ix3yh8yt7r 2 жыл бұрын

Taxing people less would be ideal.

@shadow102890 3 жыл бұрын

It sucks, I was born and raised in LA, my whole life has been this city, my whole family loves here, but what hurts is that I want a home. I want that American dream so many come here for and it's becoming more apparent that I'll have to leave everything I've ever known to have that dream and have an actual home and not some overpriced apartment

@gavindaly5731 4 жыл бұрын

Homelessness is a booming industry here . lots of people getting rich from it . It will never be "solved" ! the more money spent on it , the worse it gets .

@SecondTake123 4 жыл бұрын

Who is getting rich off of homelessness?

@chrisgouger9299 4 жыл бұрын

Deport illegals, end rent control, end urban development and stop allowing local board members to pick and chose who gets zoning permits based on politics and kick backs. The core of the problems is they want to keep prices high.

@ChristinaGerard433 4 жыл бұрын

End urban development and stop bribing officials to build housing? How are you going to build if you stop developments?

@chrisgouger9299 4 жыл бұрын

@@ChristinaGerard433 Ending urban development would stop bureaucratic inefficiency and costly regulations.

@ChristinaGerard433 4 жыл бұрын

@@chrisgouger9299 And that would stop housing developments... which the area desperately needs.

@chrisgouger9299 4 жыл бұрын

@@ChristinaGerard433 I don't think you understand house the housing market works.

@ChristinaGerard433 4 жыл бұрын

@@chrisgouger9299 more supply = lower prices, eventually. So your saying if they stop building housing, housing costs are going to go down? You also forgot to mention NIBYs,a major force

@jmitterii2 4 жыл бұрын

Affordable housing is a problem everywhere in the US as well as many other nations. Just in Idaho prices have risen 4 times than incomes over the past 10 years. Even during the boom, new construction (house and multi-dwelling units) per 1,000 households was only 18 units. In 1960-1970's range was 35 to 26.5 units per 1,000. As of 2017 it's only 9.5 units per 1,000. We need a housing program that brings this back to 40 to 50 new units per 1,000. Development costs should not be passed onto consumers, rather the local county and state sales, property, and/or income taxes should again be used in absorbing that cost and upkeep as it once did. Additionally, rent pricing and house pricing controls need to installed with a housing building project across the US. It's how most people in the US were able to afford buying a house or renting a home in the 1940-60's. The falling interest rates by the Fed has pushed banks to appraise home prices thus loan origination amounts well beyond sustainable pricing so that the banks could continue making the same annual amount at the lowering interest rates. It never translated into more housing construction, has been a continued housing crash trend, the boom has only been in the ridiculous pricing, and the busts when debts simply can't be paid. www.npr.org/2018/08/06/629410064/the-new-housing-crisis-shut-out-of-the-market

@benw.6194 4 жыл бұрын

When foreigners buy homes in USA, make them pay some kind of tax. It is a way to discourage them from buying too many.

@DpThaStunna 4 жыл бұрын

I agree

@DpThaStunna 4 жыл бұрын

Corporations should only be allowed to buy industrial property as well and not residential ones

@pistolshrimp6252 4 жыл бұрын

Can big tech help curb a homeless crisis it caused? I like to chase unicorns too! Doesn't mean I'm going to catch one.

@jameylane9196 4 жыл бұрын

Pistol Shrimp - It's always someone else's fault right? WAAAHHHHHHH!!!

@Milfhunter_404 4 жыл бұрын

if you can't afford it then you don't buy it. Tech companies are not charities 🤷‍♂️

@GARBO96 3 жыл бұрын

Government to normal humans: no more building Government to corporations: I love you long time (proceeds to get on knees)

@nancyflores77 3 жыл бұрын

Exactly, it all about the $$$$$.

@Kevindevin7 3 жыл бұрын

This CNBC mini-doc is so backwards. The tech industry has existed in the Bay Area since the 60s/70s. Get a grip. Stop blaming the only profit driver in that area for all the problems and look inward. Start building housing and increasing supply of housing. Currently, people are fighting for housing, even if you work at a tech company. You can’t get a room in a house with roommates without people offering to pay $300 a month more than your offer. Citizens ought to vote out the people that have let this persist for 20-30 years.

@MarioRafaelM 4 жыл бұрын

There's too many tech companies in California, New York and Seattle they should open new HQ or offices within the Flyover states they lack jobs over there people most of the time are willing to move that would dynamize their economies bring cost down to all the corporations I still don't get it how tech companies usually do this they can move everywhere it's not like coal mining. Edit: Also people in most state hate apartments cause they drop the value of their single floor houses and states restrict new buildings so they can get more taxes.

@cogs11 4 жыл бұрын

People are not willing to move to such states. Hence the problem. New York has wall street; San Francisco and Seattle are established startup hubs with high concentration of venture capitalists. Other cities have very few such investment opportunities that companies don't want to move there.

@katzgar 4 жыл бұрын

fly over means shithole, flyover means places people leave

@bftjoe 4 жыл бұрын

Someone doesn't know why cities exist in the first place, being near competitors is GOOD for hiring.

@MarioRafaelM 4 жыл бұрын

@@bftjoe Are you sure have you read about China lately from farms to cities within 30 years. They build cities from scratch.

@MarioRafaelM 4 жыл бұрын

@@katzgar Trump 2020

@Rafa_guitars 4 жыл бұрын

In my company is more like 90% Asian individuals. We just dont get as many qualified candidates from other races.

@Timsticlestv 4 жыл бұрын

Lol at the two but hurt fools above... There's a reason Asians excel at stem, Asians are smarter.... Deal with it.

@jon-unicorn-doxxer 4 жыл бұрын

@@Timsticlestv - exactly...If a company hires mostly blacks = diversity... Also, I noticed when they say people of color Its mostly blacks..Like NAACP...They should replace their name to NAABP... It's like Hispanics, Asians and native Indians are not people of color or never existed...SMH...

@Timsticlestv 4 жыл бұрын

@Roy Rogers No, look into supervised IQ test results by race, there's data to back it up, the average Asian has an IQ of 110, Caucasian 100-105 depending on region and people o African descent come out at around 82 IQ.

@heyitsablackguy9553 4 жыл бұрын

And this is why you Moabites are suffering from the virus and people aren't buying your stuff anymore. Your racism is there too just like the so called white man.

@ninehundreddollarluxuryyac5958 Жыл бұрын

I am 65, and have been working to pay the rent my whole life. There has never been a time when I didn't pay 2/3 of my income for rent. The only times I was able to save up for a used car or something big, is when I moved out of an apartment and into abandoned buildings for six months or so over summer (an emergency measure every time the car broke or was towed)

@jessenorwalt3936 4 жыл бұрын

Californias housing crisis comes from three problems 1. SOAR laws which make it so you can't build on farmland without voter approval 2. Prop 13 which artificially increases housing prices by keeping property tax low 3. Government regulation that makes it nearly impossible to build new projects. If you got rid of those three things homelessness would fall dramatically, and housing would get much more affordable.

@leilanidoofy90 4 жыл бұрын

For the last ten years in Seattle my family and friends have complained about the tech company’s making life more difficult here. Rent has increased, we have gentrification in every neighborhood and everything costs more now. It’s now gotten so bad almost everyone I know is rushing to go back to school just so they can get their foot in the door at one of these many tech jobs because it’s going to be the only way we survive in this city.

@techhelpportal7778 3 жыл бұрын

You should be complaining about how the government makes it nearly impossible to build new housing. It's supply and demand. The government isn't allowing new supply

@leilanidoofy90 3 жыл бұрын

@@techhelpportal7778 Seattle has no problem building new houses. Construction is another one our many irritations as it never ends.

@josephwolf7552 4 жыл бұрын

Speaking as a tech person we don’t need to get paid that much and we don’t need to be concentrated in one location if we spread out our tech workers throughout the country. That way other states can experience the technology boom and they can better their circumstances

@pm5206 4 жыл бұрын

Wtf is latinx? That’s a made up word. It’s Latino which is both male and female. Latina is specifically female.

@kriswingert1662 4 жыл бұрын

Lets just remember that the housing going up in value are due to greed of the local real estate owners themselves. Hiking up the price knowing the new tenants coming can afford it and not caring who they hurt in the process.

@idle4407 4 жыл бұрын

when did white or asian become a single race

@lVladness 4 жыл бұрын

Amar since the end of Japanese concentration camps in the US

@SCHMALLZZZ 4 жыл бұрын

Japanese have always seperated themselves from Continental Asians, and the Filipinos

@joesterling4299 4 жыл бұрын

Since Asians started doing as economically well for themselves in America as Whites?

@woodchuck003 4 жыл бұрын

Minority advocate groups starred kicking Asians out when they realized they are actually doing better that white people, socioeconomically. It's hard to argue in favor of victimhood when the smallest racial demographic is succeeding. Most people who use the term people of color or POC don't count Asians, they say Asians don't count as minorities as they are passing, or can pass as white. It a strange and regressive concept.

@jobunaga4178 4 жыл бұрын

i am curious to know when asians stopped being people of color.

@lazyakers 4 жыл бұрын

Zoning is a tool of the devil. I live in Houston which, thank God, doesn’t have any zoning laws.

@TKnuckles333 4 жыл бұрын

Lovin’ that endless sprawl, eh?

@Preservestlandry 3 жыл бұрын

I really want to live next a factory. It's my life's dream.

@solidXxXtuna 3 жыл бұрын

I've heard that housing built directly on top of fracking sites are *incredibly* cheap in south Texas. There's California's housing crisis solved right there!

@solidXxXtuna 3 жыл бұрын

@@Preservestlandry Even more exciting would be living in the same nice neighborhood for years until one day a factory decides to move in directly next to your house. Now THAT'S living the dream.

@agustinbaigorria7032 3 жыл бұрын

in paper perhaps, but is practically zoning with all those regulations.

@ArielZab 4 жыл бұрын

They made this into a racism thing. This has nothing to do with race

@prashanthb6521 4 жыл бұрын

The stats show it is definitely about race. Why deny it ?

@kidblazer16 4 жыл бұрын

@@prashanthb6521 dont mind him

@VintageToiletsRock 4 жыл бұрын

NYC was smart when they kicked out amazon. They knew what would happen...

@charlottemoritz1352 4 жыл бұрын

VintageToiletsRock NYC didn’t kick out Amazon, the local gov people in Queens did. The politicians of Queens were not cool with Amazon being around. Talk to anyone in Queens, Amazon was wanted by most people.

@lilrog0909 4 жыл бұрын

Amazon is building a HQ2 in Queens anymore 😆 it's just slave labor Factory. HQ2 was building 25,000 employing facility. Now it's 1,500 big difference

@Jansheff2010 4 жыл бұрын

There is one in Staten Island and Manhattan

@jamesedwards3923 4 жыл бұрын

Who gets most of those jobs? Those who are trained to do it.

@UmmYeahOk 4 жыл бұрын

True. It’s not racism or sexism, it’s who is most qualified. Ignoring race, let’s focus on gender, since they made such a big deal about it. Now a days STEM learning is a big deal. It’s a part of marketing toys, even my daughters public school is now a STEM academy. Everyone, regardless of gender gets to play with legos, and code on computers. This stuff existed 20 years ago! Legos have always been a gender neutral toy since day one. ...so why are they pink and purple? Why are tinker toys and Lincoln logs pink? Were girls not allowed to play with these?!? Why did their boomer parents chose not to buy them? When I graduated high school in 2000, I could design both visually and code websites. I knew Flash. I was able to do so much. ...this wasn’t provided for me in school. I sought out this info. But I guess young women aren’t supposed to do that. It wasn’t that these things were never intended for one gender. You went on a chat room, and only told people you were female if you wanted the attention. But why were women so rare? Women like to socialize. Look at the internet now. Twitter, Facebook, Instagram... ...women are into that stuff now. Why were they not then? Some moron somewhere made this group believe that STEM wasn’t for them. We can’t blame Google or Facebook... ...they weren’t around when young girls decided not to go into tech. Google was just a search engine. Nothing more. Even now, the 30 something year old women that I sometimes socialize with in the real world are amazed about the simplest of tech. Like, jaw dropping. Things like streaming movies on your phone, casting them to the TV, undoing something you accidentally erased on a phone. I should not feel like a witch among cave people when demonstrating such abilities. This isn’t magic. Can’t blame companies for hiring only those willing and qualified to apply. If anything, they probably would see a female applicant, and hire them over a male simply to boost their minority hiring stats.

@Sam-vt3tl 4 жыл бұрын

BUT ma liveable wage!

@Jenny-tm3cm 2 жыл бұрын

Everyone’s like “move somewhere where housing costs are less” You realize people here can’t afford housing either, right? How are you supposed to afford $1000 a month for your entire family on a $8 an hour wage? If you’re lucky enough to make more than the $7.25 minimum wage that is

@iwanttocomplain 4 жыл бұрын

Here in the uk, when all housing was mixed in terms of rent (socio-economic bracket), everyone was happier overall and the whole country was more safe. Anyone who is homeless should be homed as soon as possible as a national priority for a wide range of reasons.

@laken1804 3 жыл бұрын

And now?

@originalunoriginal4055 4 жыл бұрын

Just like in London, UK, property prices have hit the roof! However, there seems to be an increase of development in high end appartments in residential areas. The British working class earning £25k annually, who live in those residential areas, simply cannot afford to live in those appartment complex. However, I've seen the residents of those newly build apartment complex, (that is trending) are rich foreigners, who know nothing about the community.

@djquiksilva 4 жыл бұрын

Why don’t these big corporations buy or build apartments just for their employees? 🤔 They can lease them out for free or at a reduced rate as long as they stay employed. This will also make the employee Loyal

@geekedmaxx 4 жыл бұрын

Alot of corporations don't use common sense

@nekoplaysescanor7930 3 жыл бұрын

That's too expensive

@Anita-md9ze 2 жыл бұрын

Hello? Ever heard of indentured servitude. Yeah, keep pushing that. Think fool.

@janiekcarney5482 3 жыл бұрын

Friends of mine were living in Washington. Visited Oklahoma and realized the value of our standard of living. Sold their house and bought a house here.

@pattymayocakes 3 жыл бұрын

I'd rather be homeless in CA than move to Oklahoma but nice try Farmer Bill 😄😂

@bomjour_crasovca 4 жыл бұрын

What is this? Blaming companies for creating jobs is amazing. Is there anyone else except Google in the whole California who is able to build houses?

@bizzybizzo1478 4 жыл бұрын

They blaming the wrong industry. Its the housing industry. The invisible market keeps going up in the name of luxury.

@daledude66 4 жыл бұрын

Welcome to the "privilege" club Asians 😂

@PoopiteeScoop 4 жыл бұрын

"Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime."

@PoopiteeScoop 4 жыл бұрын

White Man get out of here, troll

@heyitsablackguy9553 4 жыл бұрын

@White Man And this is why we call you guys the devil. You can't stop your wickedness.

@xexkansichi 4 жыл бұрын

Can't companies like Google just build company housing?

@UrghTheSlothman 4 жыл бұрын

@CanadaCommunity Org San Francisco has highly restrictive building laws, which is a key factor affecting the availability of housing and the affordability of housing.

@kevind97 4 жыл бұрын

You mean like Facebook? Where your landlord will become your employer?

@pawnap666 4 жыл бұрын

And breed more useless people ?

@ythings 4 жыл бұрын

they do company housings to a degree but employees do end up having families and want their own homes

@kingphillieman 4 жыл бұрын

I've said this...make housing for them and leave the cities alone.

@berniecruz8405 4 жыл бұрын

Also here's another example with this housing issue... Let's take Apple for example, the city of Sunnyvale where Apple has just built their donut building, Sunnyvale prevented Apple from building a building higher than 6 stories due to regulations and the size of Apple is so huge, that they have so many complexes all over the the silicon valley. Apple wanted to consolidate the whole company in to one building, but Sunnyvale prevented them from doing that. If Sunnyvale would of let Apple build their newest building to heights of like 10 stories or even 15 stories, then Apple would have moved all their other locations in to just that one building, given up all the other buildings, including the complexes where Steve Jobs founded Apple. Then all those other locations could have been demolished and homes could have been built, thus flooding the market with more homes. BUT... Sunnyvale legislators wouldn't allow it.

@KrishnaDasLessons 4 жыл бұрын

Bernie Cruz Just a correction the city in Cupertino, not Sunnyvale.

@berniecruz8405 4 жыл бұрын

@@KrishnaDasLessons The new location is the border of Sunnyvale and Cupertino. Cupertino is where the original headquarters is. This is why I said Sunnyvale.

@JM-gz1ej 4 жыл бұрын

It's Cupertino, NOT Sunnyvale. Get your facts straight.

@berniecruz8405 4 жыл бұрын

@@JM-gz1ej My facts are straight!! I use to live near there. I know what I'm talking about.

@JM-gz1ej 4 жыл бұрын

@@berniecruz8405 Apparently not. Here is the address from Apple's web site: Address One Infinite Loop Cupertino, CA 95014 (408) 606-5775 Driving directions and map

@Andrew-md1to 4 жыл бұрын

Crazy. They live in America, the richest country on the planet with the most opportunities and they are poor and homeless?? Man...

@walidali8669 4 жыл бұрын

Ikr?

@pwilki8631 4 жыл бұрын

As an American Born overseas I can tell you this is not the richest country in the world. I was on 13 international flights before I was 2 years old and I've been traveling pretty steady all my life. When I say all my life I mean 53 years. This is not the richest country in the world perhaps it's in the top 10. That said, if you can't make it here, you can't make it anywhere.

@chrisbooboo3840 4 жыл бұрын

Every state is economically different. Not all states have opportunities. A lot of our blue collar manufacturing jobs have left the country. The corporations and government have allowed this, have brokered trade deals with countries. The US is broken. We have a growing gap between poor and very rich. Not enough middle income to sustain the poor.

@nepatrock 4 жыл бұрын

This video spends more time telling you housing is too expensive and there’s not enough being built and of course has to tell you it’s racist but never tells you why

@JoseGonzalez-wt1do 4 жыл бұрын

Just move out! Like we all did years ago

@candylove49 4 жыл бұрын

Jose Gonzalez Then who is supposed to work as a janitor, maid, cook, dishwasher etc. For the “rich”? 🤔

@clar331 4 жыл бұрын

Morgan J their little robots

@jmcnally647 4 жыл бұрын

@@candylove49 I wouldn't worry about it, focus on improving yourself and your own skill set.

@julianfrost4827 4 жыл бұрын

@@jmcnally647 Live and Let die is just a song. In reality it is illogical, ignoble and unbecoming of a human being. You become great possibly, no one starts out that way or remains so. Pedestals are not always so sturdy...

@highbrass3749 4 жыл бұрын

@@candylove49 that's exactly why the left wants more illegals. To have more slaves.

@MsLia32 4 жыл бұрын

You just have to love PC: "male identified individuals"

@fernandofernandez2286 4 жыл бұрын

MsLia32 and whites and Asians. Love how they did that. Whites are under represented at all companies mentioned making up roughly 50 percent yet they make up about 60 percent of the US population. Asians on the other hand are the only ones over represented. But of course they have to continue the narrative that minorities are oppressed.

@ajnoble8575 4 жыл бұрын

"Displacement" i.e. "move someplace you can afford." This is how the economy works... don't blame the companies that are driving growth. Foreign investment without renting their buildings is also a major contributor of available units.

@Rudenbehr 4 жыл бұрын

Sure, if by “economy” you mean NIMBY’s who have blocked every effort to produce more housing to keep their equity value up. If that’s the “economy” then we need to get rid of them and de-regulate the damage they’ve done to multiple cities in this country. That way the real economy can dictate what a home is truly worth (hint: it’s not worth 1.5 million for a 2 bed townhouse)

@TKnuckles333 4 жыл бұрын

The dating scene for single males must be “wonderful”. 😯

@SecondTake123 4 жыл бұрын

How so?

@TKnuckles333 4 жыл бұрын

@@SecondTake123 I was being sarcastic. These tech cities are often full of tech weiner, which means a skewed gender ration. 5 ( or more ) tech weiner, to every female. Doesn't make for a good dating scene.

@Striker50_ 4 жыл бұрын

@@TKnuckles333 That's false. The ratio is nearly 1:1 and San Fransisco is MUCH better for Men to find woman than almost anywhere in the country. Read a book.

@18magicMARKer 4 жыл бұрын

The people who are loving it are the people who bought housing before 2010...they just double their investment in less than 10 years! Sucks for people who been saving to buy a house, now there's no affordable housing unless you make more than $150,000

@kevinavila9489 4 жыл бұрын

All these complaints against companies for not giving enough are misdirected. This is not the companies' fault, it's the government's. You don't expect a company to make offices and factories and then also make houses for the locals. The companies are giving out in the form of jobs and salaries and taxes. Imagine if you have a business and you are obliged to provide houses to your employees.

@acz88 4 жыл бұрын

These tech companies should build campus housing for their staff so homes remain more available for those not working for these massive tech giants.

@bomjour_crasovca 4 жыл бұрын

Who told you this? If you need to build housing, okay, go and build it.

@shanewillbur1325 4 жыл бұрын

This was tried by all three companies. They kept getting voted down.

@4Realkevv 4 жыл бұрын

Anonymous AL exactly

@keirfarnum6811 4 жыл бұрын

Anonymous AL That’s what I was thinking.

@joshuaw4258 4 жыл бұрын

Maybe they dont want poor people around lmao

@BManStan1991 4 жыл бұрын

“People affected by homelessness”?

@OneManOnFire 4 жыл бұрын

This is why I live at home with my parents and buying a sprinter van just in case.

@OneManOnFire 4 жыл бұрын

@synchromorph Crazy that we have to live in this type of world.

@dayangmarikit6860 4 жыл бұрын

That's what we Asians do until we are financially stable... we don't just leave home just because we think we can support our selves.

@hugoballs 3 жыл бұрын

@@dayangmarikit6860 i dont know about you, but good eating was what kept me living at home so long. ;)

@arjungandhi1242 4 жыл бұрын

I've always wondered if it would have been easier to open some of these second headquarters in another city. Everything doesn't have to be in one city

@acortez1192 4 жыл бұрын

always prepare for the future, it's a long game.

@jomanci 4 жыл бұрын

Stay the course my friends there will always be a brighter tomorrow. Ask for an exit and it will appear, the tech hype is just that. Team up, organize, use group buying power.

@ElloEllo12314 4 жыл бұрын

@castlevaniax1 ok, boomer.

@praysuguitan779 4 жыл бұрын

Man can't solve his own mess he creates😃

@JessicaHicks 4 жыл бұрын

True!

@cindyqueen7228 4 жыл бұрын

*White man.

@no_oil_what 4 жыл бұрын

It more Like The Mess That The DemoRats have created! Nervous Nancy is focused on Impeachment! Not Governing Trump 2020!

@edvaira6891 4 жыл бұрын

It’s also happening down where I live in San Diego, also

@itsmitsuki7041 4 жыл бұрын

edvaira6891 $600 in 2012 to $1350 in 2019 FOR ONE FACKING BED ROOM!!!!! WTFISH

@sfrealestatedealmaker6001 4 жыл бұрын

Ky Ga Burmese Vlogs Wow that’s cheap. SF 👉🏼 $3,000 for a 1 bdrm.

@itsmitsuki7041 4 жыл бұрын

J Smith i will live in my car if im a lone lol

@SecondTake123 4 жыл бұрын

@@sfrealestatedealmaker6001 😣

@sfrealestatedealmaker6001 4 жыл бұрын

Ky Ga Burmese Vlogs Whatcha mean by “a lone”? A Lone Ranger?

@CyberspacedLoner 4 жыл бұрын

America needs a Affordable Housing Act

@inboxnews 4 жыл бұрын

It's legal for corporations to make a profit? How dare they!

@Techguyz1 4 жыл бұрын

If you can’t afford to live there, move.

@1985toyotacamry 4 жыл бұрын

How? I live in South Florida and it's expensive here I can't just move without having a stable income. What you said is shifting the problem with no real solution

@DoozyCooch 4 жыл бұрын

You some sort of stupid?

@jamesdeininger3759 4 жыл бұрын

No amount of Andrew Yang’s are going to fix this, or make them happy.

@swish6143 4 жыл бұрын

They pay almost no tax at all. But if a homeless guy takes something to eat out of a trash bin it's considered theft, because trash is the property of the city. Think about that.

@kancer5990 4 жыл бұрын

This is happening in Denver as well... Especially with Google building it's campus in Boulder.

@hypothalapotamus5293 3 жыл бұрын

Can't build anywhere near Boulder because of NIMBYism. Can't build Boulder higher because of NIMBYism. Can't have more than 4 people living in a small apartment because of NIMBYism. Admittedly, the land to the South of Boulder is empty because it's basically an illegal nuclear waste disposal site and you can't really build to the West due to fire risks, but there is no excuse to the North and the East.