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Apple Paychecks – One Reason for High Home Prices
- ChuckMcM 11y agoJust a note for this audience, this sort of thing is counter to the narrative that "only founders make bank, employees get screwed." This some pretty clear data that shows employees of BiggestCorp (well by market cap) are the ones buying up homes in the bay area (in addition to employees of Google, Facebook, Oracle, and others).
- r00fus 11y agoCan anyone explain that first Zillow chart? I see nothing that's specifically targeted to the Apple employee cohort. The article seems to play fast and loose with their data - wouldnt the areas inhabited by Apple employees also be home to Facebook and Google employees? Phrases like "tech workers aren't the only ones to blame... government zoning.. regulatory red tape... " This article is a mish-mash of blame that just aims to make you angry. Meanwhile no word given to foreign investors, or other wealthy speculators who are often the ones with all-cash offers and are likely just as much to blame for the soaring prices.