Amazon Headquarters-II - The Potential cities include our region (Arlington: fit in, to rent)

[sonnymarkjiz]

Originally Posted by brooklynborndad

You mean the big box stores? A. They are pretty much all national chains, of the big box variety, that have in fact themselves done much to put small shops out of business. B. That area has been slated for redevelopment since it ceased to be a railroad yard - the big box stores were a place holder use.

As for CC, its nicer now than it was a few years ago. More street facing retails, some nice parks, etc.

No not those, the small businesses across the street from those. A lot of them have vanished over the years. (I remember when none of those boxchains were there back in the day).

[paytonc]

Originally Posted by cBach

There better be clawbacks in the agreement if Amazon doesn't meet job projections.

Grants are paid after an annual filing certifying that, in the past year, X number of jobs were created at an average salary of $150,000. If the jobs aren't created, or if the average falls short, they don't get the check.

[brooklynborndad]

Originally Posted by sonnymarkjiz

No not those, the small businesses across the street from those. A lot of them have vanished over the years. (I remember when none of those boxchains were there back in the day).

Before the big box stores the place was a railroad yard. The RR yard was there since 1906.

[the resident09]

Originally Posted by Ebck120

This is doubtful as they are already saying it's going to be the 25k jobs plus an additional ~10k. As amazon continues to diversify, the CC and LIC locations will both continue to expands and lighten the load on Seattle. The initial cost might look high but the residual effects will be great.

What I would like to know is, the affect of the JEDI contract and how this potentially adds more jobs to the fray. Assuming they honor the 25k jobs in 12 years, plus potentially add up to 10k more, do any of these come from what jobs may get added if Amazon wins the JEDI contract with the Pentagon?

[lchoro]

The cloud outsourcing will also replace jobs that would be either staffed by the agencies or the local contractors who ran their IT facilities. Names like American Management Systems, CACI, and others come to mind.

[tgbwc]

Originally Posted by Abraham Walker

Home prices increasing isn't a good thing or a bad thing. It depends on your circumstance. I've met several people during this recent market increase that can't afford to purchase and were anticipating the market correcting in the future. (Most real estate markets correct every 7 - 9 years due to some crisis.)

With the Amazon news, even if the market was scheduled to slow down (like it is in other parts of the country), our area may never see a price correction.

While recessions are seen as a negative event, they make homeownership affordable to a larger percentage of the population.

Markets have cycles and this news may cause us to miss or lessen the effect of the pending shift in the real estate market.

Similar to how the Homebuyer Tax Credit removed transactions from later years with its incentive to purchase in a predefined time period.

Here's some evidence that our market isn't ready for 25,000 new jobs.

The table below shows the average days on market for 59 zip codes in the Northern Virginia Area. On average, homes are selling in less than 90 days.



Existing homes will not solve this challenge of low inventory.

* These are the year to date numbers and will increase as we move into the Winter season. Data provided by Bright MLS. The statistic calculated on November 14, 2018.



Salaries aren't designed to keep up with inflation unless you're willing to change employers to receive your current market value for your line of work.

Except for property taxes increasing, you won't have to worry about inflation if you don't sell your property.

Thanks for the info. I see your points and can relate to many. I've been with the same employer (public schools, two teacher household) for 26 years. After 17 years we were able to buy in Fairfax County back in 2009 and the market downswing did help. Switching employers isn't an option and salary bumps over the next 10 years will be minimal since I'm approaching the top of the scale, so I admit I am curious to see what home assessments do in that time. We don't plan on selling and property tax increases will surely be manageable.

[Ebck120]

Originally Posted by the resident09

What I would like to know is, the affect of the JEDI contract and how this potentially adds more jobs to the fray. Assuming they honor the 25k jobs in 12 years, plus potentially add up to 10k more, do any of these come from what jobs may get added if Amazon wins the JEDI contract with the Pentagon?

interestingly, this just popped up..

https://www.cnn.com/2018/11/15/busin...ent/index.html

[sonnymarkjiz]

Originally Posted by brooklynborndad

Before the big box stores the place was a railroad yard. The RR yard was there since 1906.

Yep I remember that as a kid.

[the resident09]

Originally Posted by Ebck120

interestingly, this just popped up..

https://www.cnn.com/2018/11/15/busin...ent/index.html

Yup, saw this earlier today, thank you.

[ACWhite]

Originally Posted by paytonc

Total is $375 million in new state funds for higher ed: $250 for Tech's new Alexandria Innovation Campus and $125 for GMU, which will add a building to its Virginia Square campus and triple its CS program. There's also $50 million for K-12 STEM education and internships.

Add in the $195* million in state transportation funds, and the state has pledged $620 million in public investments, which is greater than the pledge of $550* million in grants to Amazon for job creation.

* These numbers can increase if more than 25,000 jobs are created.



That's a misleading figure; it combines transportation funds that aren't unlocked until 25,000+ jobs are created, and the direct grants figure for 25,000. It also doesn't count the education investments, which would also would not have happened but for this announcement.

New Yorkers should definitely take up with their governor why their state is paying $1B more in cash than Virginia for the exact same number of type of jobs.



Previously, people would say "Jeff Davis corridor" (e.g., this ArlCo site), but as of 2019 the road is no longer named that in Alexandria. I've heard "Route 1 corridor," but US 1 runs 2,369 miles, and that's also used to describe northern Prince George's and southeastern Fairfax.

Plus, Amazon will start in Crystal City, but will eventually have most or all of their offices in Pentagon City (the west side of Eads). I'm sure the neighborhood-naming ninnies would have their knickers all in knots about that, had the PRs all said "Crystal City."

Maybe it will come to be known as Amazon City.