Author Topic: Amazon's new HQ poll  (Read 11487 times)

BG2008

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Re: Amazon's new HQ poll
« Reply #30 on: October 24, 2017, 02:30:57 PM »
It's an interesting question, I like that "Pittsburg" is on the list, but Pittsburgh, the city in Pennsylvania isn't.  Is this Pittsburg Kansas?  I kid..we didn't have an "h" for a few years in the 1800s, but have had one since.

What makes a region desirable? Everyone can claim good schools.  I mean there are good schools everywhere, it's almost as if they're evenly distributed with our population..

I'm not sure it's a good thing to have Amazon.  We have a few tech companies, Google, Apple, Uber etc and it's done some good things, but also put pressure on the market.  Google has 450 employees here, I'm sure it's dwarfed by whatever's in NYC or Boston or whatever top tier cities there are, but they pay CA prices here.  There is a Googler down our street.  They overpaid for their house, overpay for everything and are trying to sell their house at a wildly inflated price.  They are price insensitive.  They purchased a second house and are dumping money into it like mad.  The thing is making $175k here is more than what most mid level execs make at generi-corps and more than what most business owners make.  Yet that's a fairly entry level salary.

We have already had a boom, the O&G boom, and it'll be back once prices tick up again.  Booms seem fun, until you're paying boom prices.  Land went from $1500/acre in the country to $8,000/acre because suddenly everyone thought they were living on a gold mine.  Rental prices increased, construction companies stopped caring about anything but O&G, it was madness.  Even hotels.  O&G guys were paying $120/night for dumps, so mid-tier places realized they could charge $150-200/night at a Fairfield Inn deep in the burbs and people would be forced to pay.

Now compound this with 50,000 new jobs.  The price pressure would be intense.  Is that good?  I don't know.  I know someone second-hand who is moving from here to work for Amazon in NYC.  He said the price difference for a house here to the burbs in NJ isn't that much.  It's depressing to me to realize that I'm on the verge of living in a HCOL area.  With Amazon and a few other tech companies who knows, this could be just as bad at NJ in terms of price, not something I'm excited about.

I guess the only way to hedge this is to own some real assets?


Jurgis

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Re: Amazon's new HQ poll
« Reply #31 on: October 24, 2017, 02:46:30 PM »
It's an interesting question, I like that "Pittsburg" is on the list, but Pittsburgh, the city in Pennsylvania isn't.  Is this Pittsburg Kansas?  I kid..we didn't have an "h" for a few years in the 1800s, but have had one since.

What makes a region desirable? Everyone can claim good schools.  I mean there are good schools everywhere, it's almost as if they're evenly distributed with our population..

I'm not sure it's a good thing to have Amazon.  We have a few tech companies, Google, Apple, Uber etc and it's done some good things, but also put pressure on the market.  Google has 450 employees here, I'm sure it's dwarfed by whatever's in NYC or Boston or whatever top tier cities there are, but they pay CA prices here.  There is a Googler down our street.  They overpaid for their house, overpay for everything and are trying to sell their house at a wildly inflated price.  They are price insensitive.  They purchased a second house and are dumping money into it like mad.  The thing is making $175k here is more than what most mid level execs make at generi-corps and more than what most business owners make.  Yet that's a fairly entry level salary.

We have already had a boom, the O&G boom, and it'll be back once prices tick up again.  Booms seem fun, until you're paying boom prices.  Land went from $1500/acre in the country to $8,000/acre because suddenly everyone thought they were living on a gold mine.  Rental prices increased, construction companies stopped caring about anything but O&G, it was madness.  Even hotels.  O&G guys were paying $120/night for dumps, so mid-tier places realized they could charge $150-200/night at a Fairfield Inn deep in the burbs and people would be forced to pay.

Now compound this with 50,000 new jobs.  The price pressure would be intense.  Is that good?  I don't know.  I know someone second-hand who is moving from here to work for Amazon in NYC.  He said the price difference for a house here to the burbs in NJ isn't that much.  It's depressing to me to realize that I'm on the verge of living in a HCOL area.  With Amazon and a few other tech companies who knows, this could be just as bad at NJ in terms of price, not something I'm excited about.

I guess the only way to hedge this is to own some real assets?

1. Prebuy RE once announced
2. ...
3. Profit?

 8)
"Before you can be rich, you must be poor." - Nef Anyo

sleepydragon

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Re: Amazon's new HQ poll
« Reply #32 on: October 24, 2017, 03:52:08 PM »
I think it might be NYC, cause the CEO used to work at Goldman building at downtown NYC, when he was in the IT department, before he left for Seattle and started his company.

netnet

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Re: Amazon's new HQ poll
« Reply #33 on: October 25, 2017, 11:01:30 AM »
It's an interesting question, I like that "Pittsburg" is on the list, but Pittsburgh, the city in Pennsylvania isn't.  Is this Pittsburg Kansas?  I kid..we didn't have an "h" for a few years in the 1800s, but have had one since.

What makes a region desirable? Everyone can claim good schools.  I mean there are good schools everywhere, it's almost as if they're evenly distributed with our population..

I'm not sure it's a good thing to have Amazon.  We have a few tech companies, Google, Apple, Uber etc and it's done some good things, but also put pressure on the market.  Google has 450 employees here, I'm sure it's dwarfed by whatever's in NYC or Boston or whatever top tier cities there are, but they pay CA prices here.  There is a Googler down our street.  They overpaid for their house, overpay for everything and are trying to sell their house at a wildly inflated price.  They are price insensitive.  They purchased a second house and are dumping money into it like mad.  The thing is making $175k here is more than what most mid level execs make at generi-corps and more than what most business owners make.  Yet that's a fairly entry level salary.

We have already had a boom, the O&G boom, and it'll be back once prices tick up again.  Booms seem fun, until you're paying boom prices.  Land went from $1500/acre in the country to $8,000/acre because suddenly everyone thought they were living on a gold mine.  Rental prices increased, construction companies stopped caring about anything but O&G, it was madness.  Even hotels.  O&G guys were paying $120/night for dumps, so mid-tier places realized they could charge $150-200/night at a Fairfield Inn deep in the burbs and people would be forced to pay.

Now compound this with 50,000 new jobs.  The price pressure would be intense.  Is that good?  I don't know.  I know someone second-hand who is moving from here to work for Amazon in NYC.  He said the price difference for a house here to the burbs in NJ isn't that much.  It's depressing to me to realize that I'm on the verge of living in a HCOL area.  With Amazon and a few other tech companies who knows, this could be just as bad at NJ in terms of price, not something I'm excited about.

I guess the only way to hedge this is to own some real assets?

1. Prebuy RE once announced
2. ...
3. Profit?

 8)

For the real estate folks out there. How would you play Amazon's decision this once it is announced? (If it's NYC or Boston, i.e. a large expensive market, really nothing to be done, but a smaller market, like Austin or Indianapolis, there could be some interesting opportunities.

DTEJD1997

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Re: Amazon's new HQ poll
« Reply #34 on: October 25, 2017, 09:39:08 PM »
If you wanted to speculate on real estate in cities where they may open their 2nd HQ...may I suggest simply getting options on real estate in those areas.  Short term options would be OK.  I think they are making the decision in January?

Or maybe put offers on real estate with a long closing period?

rkbabang

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Re: Amazon's new HQ poll
« Reply #35 on: November 14, 2017, 06:42:04 AM »
The WSJ’s analysis 1 Dallas, 2 Boston, 3 DC

https://www.wsj.com/graphics/amazon-headquarters/?mod=e2fb

mrholty

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Re: Amazon's new HQ poll
« Reply #36 on: November 14, 2017, 11:46:51 AM »
If you wanted to speculate on real estate in cities where they may open their 2nd HQ...may I suggest simply getting options on real estate in those areas.  Short term options would be OK.  I think they are making the decision in January?

Or maybe put offers on real estate with a long closing period?

I think you will have time.  No city will be able to negotiate without it leaking.  From that I assume Amazon will negotiate with multiple cities at once.

Broeb22

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Re: Amazon's new HQ poll
« Reply #37 on: January 18, 2018, 07:31:34 AM »
https://www.businesswire.com/news/home/20180118005771/en/Amazon-Announces-Candidates-HQ2

Columbus, OH

- Dallas, TX

- Denver, CO

- Indianapolis, IN

- Los Angeles, CA

- Miami, FL

- Montgomery County, MD

- Nashville, TN

- Newark, NJ

- New York City, NY

- Northern Virginia, VA

- Philadelphia, PA

- Pittsburgh, PA

- Raleigh, NC

- Toronto, ON

- Washington D.C.

rkbabang

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Re: Amazon's new HQ poll
« Reply #38 on: January 18, 2018, 08:00:10 AM »
https://www.businesswire.com/news/home/20180118005771/en/Amazon-Announces-Candidates-HQ2

Columbus, OH

- Dallas, TX

- Denver, CO

- Indianapolis, IN

- Los Angeles, CA

- Miami, FL

- Montgomery County, MD

- Nashville, TN

- Newark, NJ

- New York City, NY

- Northern Virginia, VA

- Philadelphia, PA

- Pittsburgh, PA

- Raleigh, NC

- Toronto, ON

- Washington D.C.

You only listed 16 out of the 20.  You forgot:

- Atlanta, GA

- Austin, TX

- Boston, MA

- Chicago, IL

Gamecock-YT

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Re: Amazon's new HQ poll
« Reply #39 on: January 18, 2018, 10:48:02 AM »
Still have 3 out of 4 left. Maybe next time, Charlotte.