Jeffrey on Apple’s new plan to get into the
banking housing business:
How far would all that money go if it was aimed only at Apple’s current employees– those who make under $100,000 a year. $1-billion would only pay for 2,000 houses or apartments or condos at $500,000 each. 4,000 at $250,000 each. If you’ve ever checked out the real estate market in and around the Bay Area you’ll see that 4,000 residences are a drop in the bucket.
How about $2.5-billion a year?