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The prices for many parts of Queens are too low. sometimes, there is 30% or more discount if you compare with Brooklyn neighborhoods with similar commute to Manhattan
Queens price could easily double in the next 5 years
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Originally Posted by NyWriterdude
Along the Queens Blvd line will benefit as well. All the way to Emhurst. I suspect st least two other big companies will come to LIC soon.
I have no problems with the RICH paying taxes, but they DO NOT.
Sales taxes are taxes on the POOR.
The rich do not pay taxes? Which biased liberal media outlet(s) brainwashed you into thinking that?
The taxes from the rich is actually what is keeping NYC and NYS afloat. In fact, all the freebies for the large underclass in the city and state (housing, food, health, education, transportation, tampons, etc.) are all paid for by the rich and middle class. New York would be broke without the rich.
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Including the millionaire tax, the highest-earning 1% of New York State taxpayers generate more than 40% of state PIT receipts.
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New York is now more dependent than ever on PIT receipts—which in turn are disproportionately generated by the highest-earning 1 percent.
The prices for many parts of Queens are too low. sometimes, there is 30% or more discount if you compare with Brooklyn neighborhoods with similar commute to Manhattan
Queens price could easily double in the next 5 years
Queens overall is less urban than Brooklyn or manhattan. Single family homes rule that borough. The empty land. Waterfront and easy access to manhattan made LIC attractive.
Queens isn’t cheap and never was. There have been established nice areas before the mass interest from developers.
LIC was just built up just like they did Williamsburg/Dumbo/red hook/etc.
It’s harder to displace and gentrify established areas. Brooklyn changed so dramatically because most of the areas were low income. Queens have way more middle class areas and they know market value.
Thankfully NYC mass transportation allows for people to spread out. LIC will make way to tons more condos and buildings.
People who are being spectators, hoping and wishing real estate prices rise are ruining the process. Amazon brings jobs, LIC will be able to absorb most employees. It’s 25k in a city of 8 million people. It’s not that big of a deal
Newark would have been a horrible idea for multiple reasons. Not only would it have been bad to clean out a low income community, but for such a big company to make its workers go through one of the toughest hoods east of the Mississippi would have been ridiculous.
LIC and neighboring areas are already suitable for Amazon’s workforce. It’s not Amazon’s job to build up ghettoes. New York encouraged development in LIC until it could get a company on the scale of Amazon. This should mean LIC finally gets a Whole Foods.
I'd settle for Trader Joes, but I definetly can see a WF going into LIC soon.
Queens overall is less urban than Brooklyn or manhattan. Single family homes rule that borough. The empty land. Waterfront and easy access to manhattan made LIC attractive.
Queens isn’t cheap and never was. There have been established nice areas before the mass interest from developers.
LIC was just built up just like they did Williamsburg/Dumbo/red hook/etc.
It’s harder to displace and gentrify established areas. Brooklyn changed so dramatically because most of the areas were low income. Queens have way more middle class areas and they know market value.
Thankfully NYC mass transportation allows for people to spread out. LIC will make way to tons more condos and buildings.
People who are being spectators, hoping and wishing real estate prices rise are ruining the process. Amazon brings jobs, LIC will be able to absorb most employees. It’s 25k in a city of 8 million people. It’s not that big of a deal
what I just dont understand it, why because amazon is coming to LIC does rent and real estate prices go up.
we have had many businesses throughout time, why the big fuss now???
I shop amazon, and to me, its the best thing since popcorn....
Newark would have been a horrible idea for multiple reasons. Not only would it have been bad to clean out a low income community, but for such a big company to make its workers go through one of the toughest hoods east of the Mississippi would have been ridiculous.
LIC and neighboring areas are already suitable for Amazon’s workforce. It’s not Amazon’s job to build up ghettoes. New York encouraged development in LIC until it could get a company on the scale of Amazon. This should mean LIC finally gets a Whole Foods.
Newark would not have necessarily been a bad idea—that’s not a known thing and there are some benefits to locating it in Newark which is evidenced by it being shortlisted and it currently already being the location of an Amazon subsidary (and not just some fulfillment center).
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Originally Posted by gen2010
exactly. Queens neighborhoods along the 7 line will benefit the most. They are traditionally undervalued. you can find some good 2 bed for less than half a million.
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Originally Posted by gen2010
What's up with all these complaints? if people cannot afford, just move to another area. If you don't want to be displaced, just buy instead of rent.
I think this pair of statements pretty much sums up why some groups of people are protesting. It’s one thing to try to even further ramp up building and accomodate an influx of high salaried workers, but there are some people who are here just to salivate at flipping houses, getting pricier tenants or maybe sell off their own place and get out. Now that’s all good, legal fun, but it’s understandable when there’s not the usual decorum of pretending to give even half a **** about how people who are renting and have built up a more modest life for themselves so far may be affected, then you got a good stew for some protesting.
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Originally Posted by nightcrawler
what I just dont understand it, why because amazon is coming to LIC does rent and real estate prices go up.
we have had many businesses throughout time, why the big fuss now???
I shop amazon, and to me, its the best thing since popcorn....
Well, Amazon intentionally made a big fuss about the whole thing by making it into a contest that played out parts of it in the public eye for quite a while, so of course it would end up being a big fuss.
Some of the reasoning behind why people think Amazon’s announcement specifically will raise real estate prices in the surrounding neighborhoods is that this is a lot of people / workers for an outer borough neighborhood and at a fairly high projected average salary and that’s enough to do a decent amount of altering of the communities nearby which are of much more modest average income. Not every Amazon worker will want to live in LIC for various reasons and it’s quite likely that a majority of its workforce is not going to be people already living in LIC or the surrounding neighborhoods and so in their push for housing, they’ll outbid and displace people currently in the surrounding neighborhoods pretty swiftly as the number of people added at the average salary level in that period of time is pretty dramatic for an outer borough neighborhood. Then there’s the idea that with Amazon locating there might result in other major companies taking another look at LIC as well which will snowball the above.
In my view, the primary bad part of this is the incentives package. Amazon has a lot of present advantages from choosing LIC or NYC in general. The state and city basically doing the legwork of locating the site and doing the research for the site and then getting ducks lined up for acqusition of the site, and in a way that will eschew a lot of planning commissions, reviews, etc. is a lot of assistance already. The payment in lieu of taxes program that’s part of the incentives package can technically be alright, but those have not had a good track record. Well, at least it’ll be slated to be mostly spent on the surrounding area rather than another wild boondoggle elsewhere?
The rest of the incentives though seem unnecessary as evidenced by larger incentives packages offered elsewhere and not taken and by the much more modest package offered by Crystal City. NYC is a major draw for many white collar professionals who have the means of living here (and Amazon’s projected average salary is likely enough to live fairly comfortably by a wide swathe of people’s standards) and so they are getting something very significant with the site research and the ramrodding of approval for a large enough site for what they want. Offering as much in incentives as the state had both in terms of not maximizing value for NYC/NYS taxpayers and for the inevitable pushback from constituents of those terms isn’t great. Now maybe they were smart and planned to back down on some of those terms at some point anyhow as a bit of political theater, but that seems unlikely.
Last edited by OyCrumbler; 11-23-2018 at 11:52 PM..
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