Apple's new facility in Cupertino, Apple Park, is not only a major source of revenue for the local city council, but it is also beginning to be a problem with the employees who visit the new facility on a daily basis, as many of they are interested in buying a home but it is impossible due to the high prices in the area.
Because of its position, Apple is pressuring the city council to move and find new home construction sites. The Vallco Shopping mall is practically dead, where there are hardly any open stores, so it is being the goal of ambitious future plans because it is very close to the new Apple facilities.
The Cupertino city council has several offers on the table, from an office park to construction of a block of flats. The latter is the option that most interests the city council, since will generate much more income in the future than an office block. But he is met with the refusal of the owners of the area, who frown upon the construction of a block of flats.
The only reason to frown upon this investment is that the price of houses would drop considerably. Anyone who wants to buy a house in the Cupertino area would have to face a monthly mortgage of at least $ 10.000, a price too high even for those responsible for the company that charge the most money. Cupertino homeowners affirm that a shopping center would be a great option, but taking into account that in recent years, visits to this shopping center, and in general these types of establishments, have decreased considerably, due to the internet sales (Amazon has a lot to blame for this), the idea has been scrapped.
Currently, Apple makes available to its employees, a large number of buses that travel through San Francisco to pick up employees and take them to the offices, in a journey that sometimes lasts more than an hour and in recent weeks they have been stoned, perhaps by city residents, who have seen how the price of their rents has been increasing with time due to the high demand that Silicon Valley tech companies are creating.