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I meant the Empire state building did amazon colors orange. On the flip side. I just noticed the Empire state building is orange today for Diwali. Festival of lights.
Southeast and Northeast Queens are literally footsteps from the burbs and have poor access to trains so I do not believe the cost of living in these areas will rise much at all. I also do not see a big burst in rent occurring in LIC. As a matter of fact LIC did a good job of building a luxurious masterpiece just in time for Amazon. The area that I do fear for is any older area in Northern Queens which has access to the N/W/7 trains.
The Amazon CEO is also considering splitting the second headquarters with the other half going to Crystal City which means there will not be as much workers coming here compared to the headquarters just being located in one area.
Southeast and Northeast Queens are literally footsteps from the burbs and have poor access to trains so I do not believe the cost of living in these areas will rise much at all. I also do not see a big burst in rent occurring in LIC. As a matter of fact LIC did a good job of building a luxurious masterpiece just in time for Amazon. The area that I do fear for is any older area in Northern Queens which has access to the N/W/7 trains.
The Amazon CEO is also considering splitting the second headquarters with the other half going to Crystal City which means there will not be as much workers coming here compared to the headquarters just being located in one area.
Northeast Queens is very expensive and will continue to get more expensive. But because of the Chinese influx, not Amazon.
You guys are forgetting that neighborhoods like Jackson Heights, Forest Hills, Kew Gardens, etc. have ALREADY been nice for decades. You cannot gentrify a neighborhood that is already nice and filled with middle to upper-class people. Housing prices may rise as they always do, but it will not be as dramatic a rise as, say, what occurred in Bed-Stuy. You can't gentrify what is already desirable.
It's the same phenomenon seen in areas like Bay Ridge vs., say, Park Slope. Bay Ridge has always been stable so housing prices have not risen there as much PROPORTIONALLY when compared with Park Slope which used to have some veeeeeeery sketchy areas.
A neighborhood that would actually be poised for gentrification in Queens would more likely be Jamaica, what with its shopping district and close proximity to transportation, as well as its relative low costs.
You cannot gentrify a neighborhood that is already nice and filled with middle to upper-class people. Housing prices may rise as they always do, but it will not be as dramatic a rise as, say, what occurred in Bed-Stuy. You can't gentrify what is already desirable.
Tell that to the people priced out of in Silicon Valley and Mountain View. Things can always get more expensive. Soon you will need a 100k salary to live in an old apartment in the already overpriced Jackson Heights it's ridiculous.
You guys are forgetting that neighborhoods like Jackson Heights, Forest Hills, Kew Gardens, etc. have ALREADY been nice for decades. You cannot gentrify a neighborhood that is already nice and filled with middle to upper-class people. Housing prices may rise as they always do, but it will not be as dramatic a rise as, say, what occurred in Bed-Stuy. You can't gentrify what is already desirable.
It's the same phenomenon seen in areas like Bay Ridge vs., say, Park Slope. Bay Ridge has always been stable so housing prices have not risen there as much PROPORTIONALLY when compared with Park Slope which used to have some veeeeeeery sketchy areas.
A neighborhood that would actually be poised for gentrification in Queens would more likely be Jamaica, what with its shopping district and close proximity to transportation, as well as its relative low costs.
I agree. But houses in Jamaica are already expensive.
Now Amazon will open their HQ2 in Long Island City, what impact will that have on real estate in QUeens? At least for LIC, Astoria, or Sunnyside, the prices will probably reach the level in manhattan.
Amazon placing a big unit in NYC is dumb as hell. All that talk about high paying, i.e. $100K, jobs looks like hogwash if you got to live in the Big Apple. That's like a $65K job in Atlanta or Raleigh!
I'll believe when I see Bezos standing in L.I.C. next to NYC's mayor.
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