Honestly when I see "tech millionaire" and "altruism" in the same article, I don't expect to see someone actually using their wealth to do something decent.
this post was submitted on 20 Mar 2025
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Millionaires still have their humanity on occasion.
As for the residents of the houses, rent is kept at 30% of income, which means the large majority of residents pay a maximum of $200 — including all utilities and internet — every month.
How are they planning to sustain this long-term?
Surely, someone is paying for the difference. Unless I totally missed it from the article 🫣
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When I lived in germany full time, I would've loved to live in a tiny home, but germany would've rather put me on the street than allow a tiny home lmaoo.
That's the problem in a lot of the US too. We transitioned from building massive subdivisions of small/cheap homes to smalle subdivisions of larger/more expensive housing. This is due to a mix of zoning that favors single family detached housing, land availability, and consumer tastes.
Homes have drastically grown in size over the past 200 years while the number of people living in them has decreased. Not to mention nicer material, which also contributes to cost. No more "builder grade" cabinets and formica counters these days.
Remember, theres a gigantic difference between the wealth of a billionaire and the wealth of a millionaire. For one thing, its possible to make a million without harming others, a BILLION though, you HAVE to sacrifice others to achieve.
The difference between a million dollars and a billion dollars is about a billion dollars
On paper, sure. But I might argue that the process of accruing paper wealth as a backstop against misfortune and a reserve during retirement is inherently deleterious - forcing people to forego quality of life in the immediate term as a hedge against the future. This is a highly inefficient process for individuals to manage - who carry the whole cost of an incidental risk/exceptionally long life. And it is the whole reason public pensions and public insurance came to exist.
That's before you get into the moral hazard of certain professions and fortunate individuals being predisposed towards retirement, while others work right up until their dying days.
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This is good, but if we address this at a systemic level, we don't need to put people in tiny low-density homes unconnected to anything for it to be affordable.
Presumably local governments have some mechanism for when they know a house costs X materials and Y labor, and they see new construction costing significantly more than that.
The result is detached homes@avg 75USD/sqft and apartments@55/sqft. With current interest rates of 6.768%, you'd get ~400 sqft homes with a $200/mo 30 year mortgage at those prices, 600sqft if interest rates were 3%.
Detached house construction in the US costs are closer to $150/SF.
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Elon Musk would never lol. He could do so much good with his money but he just chooses not to. Has he built a library? A park? A school? Literally anything?
Didn't you know empathy is a sin and weakness.....
Can't believe he said that shit.
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Since you asked according to Wikipedia the Musk Foundation has given $50 million to st Judes, although Musk and his foundation have been criticized for their low payouts.
He also promised to solve world hunger if given a plan and when the UN gave him a plan, he backed out.
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This is fine, but millionaires won't save us
This could be pointed to as a successful test case to get the gov off it's ass and implement this at a macro level.
You are correct millionaires will not save us, however we should reward behavior we want to see. Lest we get more billionaires who are a net drag on society.
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Off topic, they look like detached homes. Was there a conscious choice not to make duplexes, quads, or an apartment building? Tiny homes are just so weird to me... People will really do anything except stick units next to each other
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Some rocker tried to do that in LA and they arrested him and kicked out all the homeless.
Very smart to put solar panels on each unit. I hope the residents will be allowed to plant some flowers, bushes, and trees to brighten up the area.
This is in my town. They are allowed and encouraged to do so. Their place is THEIR place, it fosters a sense of community and ownership of the community.
This project really kicks ass and it's making waves. I know the guy is a millionaire, but I've listened to a few interviews and his heart is at the right place. He genuinely cares and is being pragmatic about it.
I wish I could say the same for the billionaires of this province. Looking at you, Irving shitbags.
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