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Mf actually trying to monetize the homeless ๐
(hexbear.net)
The camps are managed by Urban Alchemy, the San Francisco-based nonprofit that has rapidly grown into a multimillion-dollar street services enterprise and embodies an elastic philosophy of shelter.
Aggressive marketing aligned with rising public discontent over homelessness made for a winning strategy. By 2021 it reported $51 million in revenue primarily from contracts for street outreach and shelter operations in San Francisco; Austin, Texas; Portland, Ore.; and Los Angeles.
China builds 846 square feet apartments for the cost of a Californian homeless tent.
If we built the homeless 846 sq ft apartments (and then gave them 33K a year), how would landlords extract 2K a month in rent for a studio apartment? How would walmart find people desperate enough to work minimum wage?
Good points. I will now dedicate my life to spreading the gospel of Milton Friedman.