Billionaire tech investorMarc Andreessen told local officials in his exclusive town in the Bay Area, He urged against building affordable homes for fear of devaluing himself, according to reports, he publicly denounced "house prices soaring like crazy."
51-year-old Andreessen and his wife, philanthropist Laura Arrillaga-Andreessen, recently submitted a public comment to the Atherton City Council calling for the construction of about 130 multifamily homes in the area. I denounced the plan to allow.According to The Atlantic.
"Subject: Absolutely No to Multi-Housing Development!" An email from Andreessens to the Council was read.
"I am writing this letter to convey our strong objection to the creation of a multifamily overlay zone in Atherton … All multifamily overlays from housing elements to be submitted to the state in July Please remove the zoning project immediately," the couple wrote.
"They significantly reduce the value of our homes, the quality of life for ourselves and our neighbors, and significantly increase noise pollution and traffic."
The Atlantic reported that local opposition had forced Atherton officials to shelve the plans.
This public comment stands in stark contrast to what an investor declared in his 2020 essay:"Time to build".
As a result, home prices in places like San Francisco It's skyrocketing like crazy, making it nearly impossible for ordinary people to move out and get jobs of the future," he wrote.
Andreessen blamed the fact that HBO's "Westworld" was filmed on location because the show was set in a futuristic American city. In Singapore because I wanted to portray.
"We should have gleaming skyscrapers and spectacular living conditions in all our greatest cities, at a level well above the current level. Where are they?" Andreessen said. wrote.
As of Monday, Forbes marks his Andreessen net worth. was valued at his $1.7 billion. The Post reached out to Andreessen for comment.
Andreessen made his fortune as co-founder of Netscape, and he co-created Mosaic, his first widely used web browser in history.
He also helped fund Unicorn vAlso a venture capitalist Facebook, Airbnb, Coinbase, Pinterest, Skype, Lyft, etc.
His PropertyShark on the website named Atherton the most expensive zip code in the United States for his fifth consecutive year.
According to the site, the average price of Atherton's home last year was his $7.5 million.
California is he one of the most affordable states in the country. Lack of affordable housing is cited as one of the main factors.
