Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Right but aren't they also considering cities like Atlanta and Dallas that are much cheaper? I think it's going to be interesting to see if they go with a city known for cheaper housing or one that is expensive and their entry will make that city super expensive. I'm tempted to go and buy a condo in the location they choose on the day following the announcement.
Yes they are considering cheaper locations and I think it's just as likely to end up being one of those. However, there was a study analyzing HQ2's impact on housing costs and for the large and expensive cities it's not likely to have much impact. Even for Atlanta the effect was pretty negligible due to Atlanta's already greatly increased housing costs and its extremely high number of housing starts.
I do think you can strategically purchase RE in close proximity to HQ2's announced location and see above-market appreciation on your properties as well as a healthier rental demand, but I don't think you should just buy anything in the region and expect it to go sky-high like Seattle has over the past decade. Nor will rents skyrocket either.
Not surprised. Arlington is one of the biggest transit deserts in the country. 400,000 people and there's no large-scale public transportation to speak of whatsoever.
Is having Amazon in your city, really that good a thing? One can't be oblivious to what's happened in Seattle, and to what's happening in Seattle. Do you want home prices that compare to Seattle's home prices, in your city. Look up on Zillow, what you get for $300,000 in Seattle...it's shocking. An aside here, I have a friend in the Chicago area, who was contacted by Amazon about a position with the company. He was contacted via LinkedIn, as were several of his friends. They did not seek out Amazon, Amazon sought them out. They were interested in his experience in a certain area, and liked the experience he and his friends had. That's all I know. They didn't get the job (that they didn't apply for), but they were questioned, extensively. Interesting.
Is having Amazon in your city, really that good a thing? One can't be oblivious to what's happened in Seattle, and to what's happening in Seattle. Do you want home prices that compare to Seattle's home prices, in your city. Look up on Zillow, what you get for $300,000 in Seattle...it's shocking. An aside here, I have a friend in the Chicago area, who was contacted by Amazon about a position with the company. He was contacted via LinkedIn, as were several of his friends. They did not seek out Amazon, Amazon sought them out. They were interested in his experience in a certain area, and liked the experience he and his friends had. That's all I know. They didn't get the job (that they didn't apply for), but they were questioned, extensively. Interesting.
Chicago is so big that 50,000 jobs wouldn't make a huge difference in workforce, now Austin or Pittsburgh? Maybe.
Chicago is so big that 50,000 jobs wouldn't make a huge difference in workforce, now Austin or Pittsburgh? Maybe.
I would not wish a 2nd Amazon headquarters on any city. A 560 square foot house in Seattle, is $310,000. No wonder they have a homeless problem. Seattle is ranked 3rd for the most homeless.
50,000 jobs in Chicago is 1% of the cities workforce.
Last year Chicago grew 32,000 jobs, 50,000 over 10 or so years is no big deal.
Not nearly as big a deal for a city the size of Chicago, but some of these other cities that are clamoring for this headquarters, should seriously consider the consequences....long-term.
Not nearly as big a deal for a city the size of Chicago, but some of these other cities that are clamoring for this headquarters, should seriously consider the consequences....long-term.
Chicago is one of the few cities on that list that Amazon's 2nd HQ wouldn't mess up because of its size, urban and suburban mass transit, and relatively low cost of housing in a very large area. Washington and Boston, two of the other talked about cities on the list, would be completely messed up with housing costs and traffic. This thing has dragged on for so long that I am beginning to not care where it goes, but Chicago would be a no brainer.
I have a friend in the Chicago area, who was contacted by Amazon about a position with the company. He was contacted via LinkedIn, as were several of his friends. They did not seek out Amazon, Amazon sought them out. They were interested in his experience in a certain area, and liked the experience he and his friends had. That's all I know. They didn't get the job (that they didn't apply for), but they were questioned, extensively. Interesting.
This happened to my wife a year and a half ago. Except she didnt think she even had a lot of experience in the area they sought. But they contacted her on linkedin and discussed the opportunity with her, which she eventually decided wasn't the right fit to pursue. We were living in Jacksonville, FL at the time by the way. Made me think they are very thorough in seeking/recruiting.
Also just a few months ago Amazon reached out to one of my good friends in Tampa. They reached out to her in the same manner. They actually brought her into Seattle to interview as well but she didn't get the job. Perhaps this has happened with other friends that I dont know about (actually two of my friends work for amazon so maybe so) but most people dont talk to me about all their various job leads.
Quote:
Originally Posted by bradalan
Not nearly as big a deal for a city the size of Chicago, but some of these other cities that are clamoring for this headquarters, should seriously consider the consequences....long-term.
Most of the cities wont be affected the way Seattle has been, but yeah for about 5 or 6 of them it could indeed be similar issues.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
