crowley

Here:

In partnership with CalHFA, Apple has provided mortgage and down payment assistance to thousands of low- and moderate-income first-time homebuyers, and launched an affordable housing investment program that has unlocked funding to support nearly 2,000 units across the state. They include 315 units at Avenue 34 in Los Angeles, almost 340 units at Redwood Gardens in Berkeley, and more than 230 units for families in Chico’s Cedar Village, including for those impacted by the 2018 Camp Fire.

See the "and"?  There are more things happening here.  The cost per unit of the housing will be much less than your calculation.

Xed said:

crowley said:

Xed said:

Taking only the $400M and $1B values (rounded down) for 2020 and 2021, respectively, and rounding up to 2000 homes, that's $700k per home just to build.

If you assume all the money was spent on new homes, and all those homes have been completed, which the article makes pretty clear is not the case.

As I suggest, the situation is much worse than the best possible scenerio.

Huh?  No, you've assumed that every penny of the first two years of commitment has been spent on the homes that have been confirmed built.  That's not the best possible scenario, that's a massive assumption, and an incorrect one given even a cursory reading of Apple's statement.

Xed said:

Taking only the $400M and $1B values (rounded down) for 2020 and 2021, respectively, and rounding up to 2000 homes, that's $700k per home just to build.

If you assume all the money was spent on new homes, and all those homes have been completed, which the article makes pretty clear is not the case.

spheric said:

crowley said:

Very interested in why my comment was removed.  There were no personal attacks, it wasn't even especially rude.  Any talk of gun or abortion rights not allowed now?

I spent a lot of effort taking it apart and refuting the blatant misinformation, too. Gone. 

I'm sorry I missed it.

Very interested in why my comment was removed.  There were no personal attacks, it wasn't even especially rude.  Any talk of gun or abortion rights not allowed now?