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Marc Andreessen slams new multi-family affordable housing

fortune.com

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Re: Marc Andreessen slams new multi-family affordable housing

#71

Post by legerdemain »

mushufasa wrote: post #51
legerdemain wrote: post #41

Earlier quoted context omitted.

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.

> Having ordinary people walk around in your billionaire enclave lowers property values I understand this is the argument is being made. This just seems to me like this is an opinion stated as if it were a fact, and not a tautological truth of property valuation.

Tell that to Marc himself! Atherton residents are the kind of people who call the cops on pedestrians for walking around suspiciously. They have given every indication of not wanting the non-rich anywhere near them.

Re: Marc Andreessen slams new multi-family affordable housing

#72

Post by washbrain »

mbesto wrote: post #36
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

> Build it somewhere else Reminds me of a Ben Shapiro quote: Let's say for the sake of argument that all of the water levels around the world rise by, let's say, five feet over the next 100 years. Say 10 feet over the next 100 years. And it puts all of the low-lying areas on the coast underwater. Let's say all of that happens. You think people aren't just going to sell their homes and move?

This quote is hilarious to me. Sell it to who, Ben? Sell it to who?

"Want to buy my land?"

"Sure, why are you selling?"

"It'll be literally devoured by the seas soon and totally worthless."

"That sounds like a great investment. Sold!"

Re: Marc Andreessen slams new multi-family affordable housing

#73

Post by legerdemain »

tomjakubowski wrote: post #56
legerdemain wrote: post #50

Earlier quoted context omitted.

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

Just curious, has anyone asked Steph's opinion on building multi-family housing in Atherton?

"Whooosh!" replied Steph Curry.

Re: Marc Andreessen slams new multi-family affordable housing

#74

Post by nilkn »

mushufasa wrote: post #54
SkyMarshal wrote: post #44

Earlier quoted context omitted.

>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...

That list includes Tribeca, NY and Bacon Hill, Boston, which is described as "This historic neighborhood in the heart of Boston"

Not every expensive neighborhood is expensive for the same reason. There's definitely an "archetype," if you will, of neighborhoods that primarily derive their value from being exclusively home to the upper class. Atherton, River Oaks in Houston, even Palm Beach in Florida are examples. Compare property values in Palm Beach to West Palm Beach, for instance.

Re: Marc Andreessen slams new multi-family affordable housing

#75

Post by washbrain »

TigeriusKirk wrote: post #68
washbrain wrote: post #60

Earlier quoted context omitted.

People are saying YIMBY. There's a whole YIMBY movement.

So there's the answer to where.

Hmm... So thinking out loud, this zoning change is being considered by the city council, right? Who are elected representatives of the area, right?

Wouldn't that indicate there's at least some YIMBY attitude in this location?

Re: Marc Andreessen slams new multi-family affordable housing

#76

Post by quantified »

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.

No, Marc Andreesen is not progressive. Just because he lives in the Bay Area doesn't make him that.

Cancelled event, but desired event: https://www.almanacnews.com/news/2019/09/13/trump-wont-be-co...

Re: Marc Andreessen slams new multi-family affordable housing

#77

Post by imapeopleperson »

armadsen wrote: post #34
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

It's not socialist to allow private entities to build the housing that the market demands on the land they own in order to make money. It's much closer to "socialist" to have state apparatus dictating that people not build housing. I own and live in an 80-year old single family house. My neighborhood -- one of the more desirable ones in my city -- has had a massive ongoing build out of 3-5 story apartment buildings i…

> AB 686 requires all public agencies to “administer programs and activities relating to housing and community development in a manner that affirmatively furthers fair housing, and take no action inconsistent with this obligation”

AB 686 also makes changes to Housing Element Law to incorporate requirements to AFFH as part of the housing element and general plan to include an analysis of fair housing outreach and capacity, integration and segregation, access to opportunity, disparate housing needs, and current fair housing practices.

Re: Marc Andreessen slams new multi-family affordable housing

#78

Post by yazzku »

washbrain wrote: post #48
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."

Greed, and that he doesn't feel very threatened.

Re: Marc Andreessen slams new multi-family affordable housing

#79

Post by edmcnulty101 »

VectorLock wrote: post #27
mstipetic wrote: post #24

Earlier quoted context omitted.

I really don’t understand this mindset, shouldn’t you stop caring about money at a certain point? So what if one of your houses decreases in value, you’re set for life. Is it some weird money obsession/disease?

Once you're in the tres commas club, the money disease is fatal.

Might be reduced to driving a car with doors that open sideways.

Re: Marc Andreessen slams new multi-family affordable housing

#80

Post by yazzku »

jjulius wrote: post #22
helloworld11 wrote: post #6

>“I am writing this letter to communicate our IMMENSE objection to the creation of multifamily overlay zones in Atherton,” wrote Andreessen and his wife Laura Arrillaga-Andreessen in an email. “Please IMMEDIATELY REMOVE all multifamily overlay zoning projects from the Housing Element which will be submitted to the state in July. They will MASSIVELY decrease our home values, the quality of life of ourselves and our ne…

>They will MASSIVELY decrease our home values... Your net worth is $1.7 billion, you can fuck off with your concern about that one home of yours experiencing a dip in value. I realize this comment isn't in the typical spirit of an HN comment, but that's just gross.

Why isn't it in the typical spirit? Fuck that guy and his pretentious ilk.
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