Mystery Tech Billionaire Buys Up Land in Hawaii Town, Stirring Fears of Spiking Costs for Locals

• A tech billionaire started buying up land in Waimea, a small rural town in Hawaii • Locals are worried it will become even harder for Native Hawaiians to afford to live there • Average home prices in Hawaii are close to $1 million already • It's unclear who exactly is purchasing the land and how it will impact housing costs • The purchases could make the existing high cost of housing in Waimea even worse