But there is much more to Steves than his wanderlust. It turns out he is also a very, very impressive philanthropist
Back home, one of my pet social causes has long been affordable housing. Twenty years ago, I devised a scheme where I could put my retirement savings not into a bank to get interest, but into cheap apartments to house struggling neighbors. I would retain my capital, my equity would grow as the apartment complex appreciated, and I would suffer none of the headaches that I would have if I had rented out the units as a landlord. Rather than collecting rent, my “income” would be the joy of housing otherwise desperate people. I found this a creative, compassionate and more enlightened way to “invest” while retaining my long-term security.The election of Trump, with his mean-spirited, exclusionary billionaires-club policies, changed Steves' plans:
This project evolved until, eventually, I owned a 24-unit apartment complex that I provided to the YWCA. They used it to house single moms who were recovering hard-drug addicts and were now ready to get custody of their children back.
With the election of our president and the rise of a new, greed-is-good ethic in our government, I want to be more constructive than just complaining about how our society is once again embracing “trickle-down” ethics, and our remarkable ability to ignore the need in our communities even as so much wealth is accumulated within the top one percent of our populace. I’m heartbroken at how good people, dedicating their lives to helping others (through social organizations and non-profits across our society), are bracing for a new forced austerity under our government of billionaires.
So, inspired by what’s happening in our government and in an attempt to make a difference, I decided to take my personal affordable housing project one step further: I recently gave my 24-unit apartment complex to the YWCA. Now the YWCA can plan into the future knowing this facility is theirs. And I’ll forever enjoy knowing that, with this gift, I’m still helping them with their mission.
Ricks Steves: clearly a man who recognizes the real value of money.