One of the unfortunate byproducts of the mountains of wealth generated by Silicon Valley tech companies like Apple is that their home state is becoming an increasingly expensive place to live. Ordinary people — all of those who aren’t engineers and who don’t bring home six- and seven-figure salaries — continue to be priced out of neighborhoods and cities throughout the Golden State, leading to a housing crisis of unprecedented scale.
This is why Apple on Monday took the dramatic step of announcing its intent to contribute $2.5 billion to help address that problem.
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Apple pledges $2.5 billion to fix California’s out-of-control housing crisis originally appeared on BGR.com on Mon, 4 Nov 2019 at 17:38:15 EDT. Please see our terms for use of feeds.
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