realestate

Zuckerberg's Neighborhood Buyouts Meet Resistance from Local Residents

Zuckerberg's Neighborhood Isn't Thrilled About His Growing Real Estate Footprint

M
ark Zuckerberg's Neighborhood Isn't a Fan of His Real Estate Empire

    The billionaire Meta founder has been buying up homes in his Palo Alto, California neighborhood at an alarming rate, with over $110 million spent on 11 properties. The New York Times describes his real estate moves as a "Monopoly game board," with major construction and intense surveillance following in his wake.

    Zuckerberg's neighbors are not thrilled about the changes he's brought to their community. He's offered homeowners double or triple what their homes are worth to get them to sell, but those who remain are vocal about their discontent. As one neighbor put it, "No neighborhood wants to be occupied, but that's exactly what they've done."

    Zuckerberg's real estate portfolio is valued at $300 million, with properties in California, Hawaii, Lake Tahoe, and Washington D.C. He's even purchased a home adjacent to the Naval Observatory, where Vice President JD Vance lives. A Meta representative claims Zuckerberg wants to spend more time in DC working on policy issues related to American technology leadership.

    Zuckerberg's spokesperson defends his boss' real estate moves, saying he values being part of the community and has taken steps to avoid disrupting the neighborhood. However, his neighbors seem to disagree.

Mark Zuckerberg's neighborhood buyouts spark resistance from local residents in California communities.