Facebook’s Affordable Housing Efforts

Om Malik:

I applaud that Facebook has taken the first step. However, I have doubts that the $20 million it is contributing toward affordable housing in East Palo Alto and Menlo Park is the answer. It is a perfect example of short-term thinking and trying to assuage your internal guilt with a check to charity.

I don’t know what the answer is here, but I do know how real the problem is in the San Francisco Bay Area.