Now that amazon coming to NYC, have your property values gone up? (New York: transplants, sales)

[DonaldJTrump]

Estimated market values of homes for 2019 are available from the NYC finance website.

I know someone in central queens who says their estimated market value is over 150k more ,about 20%,than 2018, which seems ridiculous have home values anywhere in NYC gone up 20%?. Just a money grab in the eform of property taxes by NYC?

[AMgoody]

I read sales in the Brooklyn and Queens have slowed, and the market in LIC hasn't changed much since the Amazon deal.

https://www.brickunderground.com/sel...-market-report

[Cida]

I would have imagined that values would go down, if anything.

[AMgoody]

Amazon has just started hiring, the prices won't go up until all those 25k 100k jobs are given out, and I heard it would take 10 years for that.

So the market probably won't change for a while.

[DonaldJTrump]

Sounds like city just wants more property taxes then

[stormgal]

Originally Posted by Cida

I would have imagined that values would go down, if anything.

I don't think so. Amazon will be recruiting transplants who will pay more for apartments what natives paid a fraction of the price for. It's more of the same ol' same ol'

[Mr.Retired]

My opinion:
This isn't the 90's where someone could get a mortgage just by producing a minimum wage salary.
Home ownership will be at arms reach only to employees in the 6 figures based on current values.
Prices have peaked have been flat and have begun to dip in some areas.
The city needs the money and property taxes paved the way for the city revenue.
Since property taxes won't be coming down anytime soon then salaries need to rise for anybody to
be in the market for home ownership. This will take time. Years...... In the meantime, current
retired homeowners are getting older and slowly leaving the city all the while asking big bucks for their
beat up crapped out homes. Don't buy. Wait.....Wait it out....................they'll stay flat for some time.
Work hard and save your money. Stay away from homes that were recently sold and suddenly appear
on the market totally renovated after only 3 or 4 months....Safer to buy that
house that needs the repairs. It is cheaper to have the work contracted out to your liking.
You may catch a break on that house you have been waiting for in just a few short years.
You may also be the first in line if you come in with the biggest down payment too......
Good Luck..........

[Bronxguyanese]

Originally Posted by stormgal

I don't think so. Amazon will be recruiting transplants who will pay more for apartments what natives paid a fraction of the price for. It's more of the same ol' same ol'

I'm in agreement.

[stormgal]

Originally Posted by Bronxguyanese

I'm in agreement.

And another thing: DeBlasio and others like him know that transplants will be moving here. Yet they present those jobs as if they’re for Native New Yorkers and others already living here. I call BS on that. Amazon and Google will recruit people from schools like MIT, and States like Seattle, California etc etc. The reason why NYC wants them all here is because at the end of the day - all the smart 6 figure talent will pay NYC taxes. That’s what they want. The 6 figure high income earner tax. Not to mention the corporate taxes. No one cares to collect McDonalds cash register minimum wage taxes that hardly create a dent in NYCs income.

[BPt111]

There already Amazon thread on page 2