Billionaire Marc 'It's Time to Build' Andreesen Is a NIMBY
9 days ago
- #housing-crisis
- #billionaire-hypocrisy
- #Silicon-Valley
- Marc Andreessen, a Silicon Valley billionaire, opposed a plan to allow over 100 multifamily housing units in Atherton, California, despite advocating for increased housing in a past essay.
- Andreessen and his wife submitted a public comment objecting to zoning changes that would permit multifamily units, citing concerns over property values, quality of life, and noise pollution.
- Andreessen's actions contradict his 2020 essay 'It’s Time to Build,' where he criticized America's inability to build housing and infrastructure.
- His investments, through his firm a16z, have supported controversial ventures like crypto assets, Facebook, and gig economy platforms, often exacerbating societal issues.
- The incident highlights the hypocrisy of some billionaires who publicly advocate for progress but prioritize personal and class interests.