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Old 06-04-2014, 01:44 PM
 
4 posts, read 4,984 times
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So, will the local market generate enough jobs (when the Federal Govt is reducing spending)? What residential areas do you think will be most affected? Perhaps that represents a buying opportunity? Please comment.
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Old 06-04-2014, 02:00 PM
 
Location: Austin
7,205 posts, read 18,458,694 times
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4000-6000 Toyota employees take their place?
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Old 06-04-2014, 02:02 PM
 
1,789 posts, read 2,085,267 times
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Nothing IMO.
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Old 06-04-2014, 02:04 PM
 
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But would they be buying exactly where all the selling activity will take place?
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Old 06-04-2014, 02:17 PM
 
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This is no one-horse factory town. Exxon employees are spread all over North Texas, and the number of new arrivals coming in will certainly offset any exodus of Exxon folk.
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Old 06-04-2014, 02:25 PM
 
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What about those moving from Fairfax to Houston? Any views from Virginians regarding this topic?
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Old 06-04-2014, 02:29 PM
 
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I'm confused, how many Exxon employees are leaving North Texas? I thought they were consolidating 8,000 (+/-) from their Houston offices and then transferring over 2,000 from Ohio & Virginia with the Headquarters remaining in Irving.
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Old 06-04-2014, 02:41 PM
 
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I thought North Texas wasnt going to be affected as much? They will be closing down the entire Downstream Division in Virginia (approx. 2100 employees), so that real estate area will probably be negatively affected with many listings on the market. Dont know about Ohio.
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Old 06-04-2014, 02:50 PM
 
Location: Willowbend/Houston
13,403 posts, read 21,921,225 times
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Exxon isnt moving their HQ. The DFW area will have a zero balance.

Even if they do, Exxon only employs about 400-600 people at their HQ. Youre also dealing with one of the most economically diverse metropolitan areas in the US.

So, long story short, nothing really.
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Old 06-04-2014, 03:44 PM
 
3,029 posts, read 7,414,723 times
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Zero impact; this will not be an issue at all. I pretty much agree with others' comments.
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