Marc Andreessen slams new multi-family affordable housing • Hacker News Board

Re: Marc Andreessen slams new multi-family affordable housing

#41

Post by legerdemain » Tue, Aug 16, 2022, 11:04 PM UTC

mushufasa wrote: post #29

Aside from all the hypocrisy etc... isn't this concept just plain wrong? Doesn't more housing + business increase the property value of an area? I could see the first-order effects being a reduction of surrounding property as supply increases, but the second order effects of more people are almost always accretive. The downtown area of a city is typically some of the most expensive real estate.

Atherton is literally a town of nothing but mega-mansions with very, very little in the way of commerce or industry. Its entire raison d'être is to be a retreat for the ultra-wealthy. Having ordinary people walk around in your billionaire enclave lowers property values.

Re: Marc Andreessen slams new multi-family affordable housing

#42

Post by throwthroyaboat » Tue, Aug 16, 2022, 11:04 PM UTC

Maybe it's time to change the meaning of YIMBY from "Yes In My Back Yard" to "Yes In Marc's Back Yard"?

Re: Marc Andreessen slams new multi-family affordable housing

#43

Post by RcouF1uZ4gsC » Tue, Aug 16, 2022, 11:04 PM UTC

lsllc wrote: post #20

anigbrowl wrote: post #2

Well, he has just invested $350m in WeWork but for housing...

It's not exactly WeWork, it's Adam Neumann's new startup Flow: https://www.cnn.com/2022/08/15/tech/adam-neumann-flow/index....

Seems appropriately named: A good way to piss away money.

Re: Marc Andreessen slams new multi-family affordable housing

#44

Post by SkyMarshal » Tue, Aug 16, 2022, 11:04 PM UTC

mushufasa wrote: post #29

Aside from all the hypocrisy etc... isn't this concept just plain wrong? Doesn't more housing + business increase the property value of an area? I could see the first-order effects being a reduction of surrounding property as supply increases, but the second order effects of more people are almost always accretive. The downtown area of a city is typically some of the most expensive real estate.

>The downtown area of a city is typically some of the most expensive real estate.

You're probably correct except in the case of the most expensive and exclusive neighborhoods in the country. https://www.investopedia.com/articles/managing-wealth/062416...

Re: Marc Andreessen slams new multi-family affordable housing

#45

Post by spaetzleesser » Tue, Aug 16, 2022, 11:05 PM UTC

8f2ab37a-ed6c wrote: post #25

Sadly, this is all very predictably Bay Area progressive. Yes, I'll put up the BLM sign on my window, but no, you cannot build anything for the riffraff near my Victorian, we wouldn't want to endanger the historic character of this neighborhood.

Very true. Just look around Marin County. There are tons of BLM signs but I doubt most of them have ever seen a black person. Certainly not one that wasn't a millionaire.

Re: Marc Andreessen slams new multi-family affordable housing

#46

Post by washbrain » Tue, Aug 16, 2022, 11:05 PM UTC

astrange wrote: post #23

imapeopleperson wrote: post #11

Earlier quoted context omitted.

I don’t understand why NIMBY hate is in vogue. What’s wrong with letting a nice town stay nice? We don’t need to turn everything to shit just to satiate socialist schadenfreude. Build it somewhere else

Socialist? Letting you build whatever you want on your own property is the spirit of capitalism. NIMBYs are the ones who want every town to be run by central planning.

Socialism doesn't even mean central planning either. Most socialists are just interested in, "everyone who wants a home should be able to get a home." Not necessarily a big fancy home with a three car garage, but somewhere they can call their own.

Even if that means billionaires might lose some of their home value.

Re: Marc Andreessen slams new multi-family affordable housing

#47

Post by shrubble » Tue, Aug 16, 2022, 11:06 PM UTC

You see this everywhere, I would be more surprised if it DIDN'T happen.

It's why there are almost never (in the USA) bus lines to the fanciest malls or other shopping areas - if you can't even afford a car to get there, you're not wanted there.

Re: Marc Andreessen slams new multi-family affordable housing

#48

Post by washbrain » Tue, Aug 16, 2022, 11:06 PM UTC

PebblesHD wrote: post #39

I’ve never understood how some of these executives support the widening income and wealth gap developing in most of the modern world. Is it not incredibly short sighted to reduce the discretionary money available to your customers and price them out of living within commuting distance of the jobs you need filled? Where I live, it’s so expensive to live anywhere near our major cities that I’m left wondering how the NI…

It's just greed. Past a certain point it's purely "my pile of money is too small to satiate my ego."

Re: Marc Andreessen slams new multi-family affordable housing

#49

Post by pvarangot » Tue, Aug 16, 2022, 11:07 PM UTC

anigbrowl wrote: post #2

Well, he has just invested $350m in WeWork but for housing...

He needs to put the private cook, cleaning lady, pool cleaning guy... somewhere. I mean before the robots he's also investing in get good enough.

Re: Marc Andreessen slams new multi-family affordable housing

#50

Post by legerdemain » Tue, Aug 16, 2022, 11:07 PM UTC

8f2ab37a-ed6c wrote: post #25

Sadly, this is all very predictably Bay Area progressive. Yes, I'll put up the BLM sign on my window, but no, you cannot build anything for the riffraff near my Victorian, we wouldn't want to endanger the historic character of this neighborhood.

Atherton is not your typical "Bay Area progressive," unless your cartoon idea of Bay Area progressives is Marc Andreessen, Eric Schmidt, or Steph Curry.