Amazon's HQ2 moving to Northern VA and NYC; 2/14: Amazon pulls out of NYC after public backlash!

88m3

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There's so much wrong with a lot of the articles involving this I almost wonder if it's being done purpose.

I'm not some huge fan of Amazon or Bezos either.


@ill

I saw concepts for the project that got passed on it was good but there wasn't a lot of housing and there were even less "affordable housing" 25% of total.

I actually passed the site last night and it's a bunch of parking lost and low slung warehouses.

The affordable housing schemes they have going are giant ripoff for the city and it's really a long discussion. I have "affordable housing" across the street from me and they're rich cacs and I barely ever see the people who live there. There's another huge project by me that has "affordable housing" that are practically market rate for single people making 160k a year. It's a giant scam.

The city/state will see a lot of money from Amazon and their workers longterm. Hell the workers alone will generate hundreds of millions of dollars a year in city/state taxes probably 10-20k per worker.
 

Strapped

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It takes a massive dikkhead of a person to be worth $150 billion dollars and hold a public competition on which city can give him the most government aid and tax cuts to move his business there.
Nah , just an evil genius who gives zero fuxs
 

AnonymityX1000

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There's so much wrong with a lot of the articles involving this I almost wonder if it's being done purpose.

I'm not some huge fan of Amazon or Bezos either.


@ill

I saw concepts for the project that got passed on it was good but there wasn't a lot of housing and there were even less "affordable housing" 25% of total.

I actually passed the site last night and it's a bunch of parking lost and low slung warehouses.

The affordable housing schemes they have going are giant ripoff for the city and it's really a long discussion. I have "affordable housing" across the street from me and they're rich cacs and I barely ever see the people who live there. There's another huge project by me that has "affordable housing" that are practically market rate for single people making 160k a year. It's a giant scam.

The city/state will see a lot of money from Amazon and their workers longterm. Hell the workers alone will generate hundreds of millions of dollars a year in city/state taxes probably 10-20k per worker.
So property value and rent will go up or down when HQ2 gets there?
 

88m3

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So property value and rent will go up or down when HQ2 gets there?

It's a more complicated than that. The market has topped out a few years ago and has been slowly declining since then along with rents. Last I knew rent was in the 3k range for a 1 bedroom.
There's at least 10k units of new apartments/condos in the pipeline for that area within the next year prior to Amazons announcement. Vacancy has been increasing and condo prices have been going down.
The waterfront lots and warehouses around there are worth 20-100mm depending on their size and location. The big issue is zoning and density if they're rezoned for housing which they surely will/should be it'll be like building a whole new city. There isn't' a lot of housing there besides the new towers and projects. Hopefully the city will let housing be built and there will be a practically bottomless supply of housing. One thing I believe needs to also happen is that we put a stop to hotels being built everywhere. There are so many hotels in LIC and elsewhere because developers were allowed to skirt zoning regulations.

LIC is pretty soulless the last time I had to go there and I had to park in one of the towers because there's no street parking and it was filled with Dropheads, McLarens, and Ferraris. I don't feel like we're losing anything of value with Amazon being built there.
 

Reece

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New York :umad:

All them people rushed in to buy real estate in Queens too :mjlol: Bezos is a fukking dikkhead for real. It was obnoxious to have a public sweepstakes for a headquarters to begin with, as if the world’s 2nd richest company deserved a tax break. Be worth $150 billion dollars and want a tax break to move somewhere brehs.
 

Jhoon

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NYC unemployed is under 5%. It's not necessary especially at that price.
Plus Amazon getting bigger means how many jobs and small business killed because they can't compete? Especially having to pay business taxes Amazon doesn't have to pay?
The jobs promised never materializes. Never.
 
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