Amazon HQ2 and other news
tempo_n_groove
Posts: 41,549
Amazon has looked in to putting their second headquarters in LIC(Long Island City).
This area has been rebuilt over the last 10 years from factories and prostitutes to sprawling buildings and eateries.
25,000 jobs and another 25,000 local jobs for 50,000 total.
Most of the jobs are being advertised as $125,000 more each.
Are they importing these jobs?
I do know that if they come to LIC that the area and it's surroundings property values are going to skyrocket and push the local people out. This happened in Seattle and all of it's surroundings.
Thoughts?
This area has been rebuilt over the last 10 years from factories and prostitutes to sprawling buildings and eateries.
25,000 jobs and another 25,000 local jobs for 50,000 total.
Most of the jobs are being advertised as $125,000 more each.
Are they importing these jobs?
I do know that if they come to LIC that the area and it's surroundings property values are going to skyrocket and push the local people out. This happened in Seattle and all of it's surroundings.
Thoughts?
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Comments
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Just my view/ bias, but if it involves Amazon, it has to be bad news.
"It's a sad and beautiful world"-Roberto Benigni0 -
They will import the management jobs, definitely. They won’t import the lower level jobs; every large business complex needs maintenance and admin and food service and the like, which will be drawn from the local area. They will also start to hire entry level positions locally. Will that be enough to offset the inevitable rising house prices, though?
I do know that amazon analyzed this very carefully, and they won’t easily back away from their choice, no matter who protests.my small self... like a book amongst the many on a shelf0 -
Amazon. Some of us in brick and mortar businesses refer to them as "the evil one".
"It's a sad and beautiful world"-Roberto Benigni0 -
If it's anything like Seattle then everything just quadruples... It is already getting expensive there.oftenreading said:They will import the management jobs, definitely. They won’t import the lower level jobs; every large business complex needs maintenance and admin and food service and the like, which will be drawn from the local area. They will also start to hire entry level positions locally. Will that be enough to offset the inevitable rising house prices, though?
I do know that amazon analyzed this very carefully, and they won’t easily back away from their choice, no matter who protests.
You can hire all the locals you want but it's the owners of the buildings that will be raising rent and updating their facilities to get more money from renters.
Now if you can commute in that's greeat for some. The locals that live there and work elsewhere will be priced out soon enough.
NY has a huge affordable housing problem. People want $400,000 for a house that needs $150,000 in upgrades out on the island and 2000 a month for a studio in the city...0 -
This has happened to so many places. I lived in San Francisco in the early 70's and shared a nice house with a couple of housemates and we all had lower income jobs. Now only the wealthy can afford to live there. Most of the Bay Area is like that and places like Seattle, San Diego, Mesa, Colorado Springs. If it's a desirable location, it will gentrify and become unaffordable to the average person.tempo_n_groove said:
If it's anything like Seattle then everything just quadruples... It is already getting expensive there.oftenreading said:They will import the management jobs, definitely. They won’t import the lower level jobs; every large business complex needs maintenance and admin and food service and the like, which will be drawn from the local area. They will also start to hire entry level positions locally. Will that be enough to offset the inevitable rising house prices, though?
I do know that amazon analyzed this very carefully, and they won’t easily back away from their choice, no matter who protests.
You can hire all the locals you want but it's the owners of the buildings that will be raising rent and updating their facilities to get more money from renters.
Now if you can commute in that's greeat for some. The locals that live there and work elsewhere will be priced out soon enough.
NY has a huge affordable housing problem. People want $400,000 for a house that needs $150,000 in upgrades out on the island and 2000 a month for a studio in the city...
"It's a sad and beautiful world"-Roberto Benigni0 -
My grandparents lived in Woodside for much of my childhood...and I have a client with offices in LIC. I trip out every time I go there and drive around the area and see how much is changed in the last 20 years.Imagine 20 years from now?The love he receives is the love that is saved0
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Parts of Woodside are still affordable too...F Me In The Brain said:My grandparents lived in Woodside for much of my childhood...and I have a client with offices in LIC. I trip out every time I go there and drive around the area and see how much is changed in the last 20 years.Imagine 20 years from now?
People are trading in their cars for location. Woodside you have subway access.0 -
20 years from now it’ll be under water due to all that CO2 production from cloud computing.F Me In The Brain said:My grandparents lived in Woodside for much of my childhood...and I have a client with offices in LIC. I trip out every time I go there and drive around the area and see how much is changed in the last 20 years.Imagine 20 years from now?09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;
Libtardaplorable©. And proud of it.
Brilliantati©0 -
https://www.washingtonpost.com/local/virginia-politics/facing-opposition-amazon-reconsiders-ny-headquarters-site-two-officials-say/2019/02/08/451ffc52-2a19-11e9-b011-d8500644dc98_story.html?utm_term=.67c3b671ca2a
So I kind of like this. Let them leave. NY state already has a shortcoming on taxes.
Taxes from employees will benefit the City/state only. The missed revenue from Amazon itself isn't missed right now.
The property explosion that just happened will right itself and people can still afford to live there.0 -
In case the above doesnt work.
https://venturebeat.com/2019/02/08/amazon-reportedly-reconsiders-new-york-expansion/
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Could just be posturing from Amazon ... but based on the response to the National Enquirer I don't think that is the case. Bezos is not the guy to mess with right now. About to lose half his wealth and he is primed (no pun intended ... maybe just a little) to bust some heads. Some local politicians raising a stink about 25K new jobs are now in his cross-hairs.
From the local politicians standpoint, they probably thought the Amazon jobs were a locked thing so why not get up on the high horse and decry them as evil and you, the politician, as a beacon for the common man. Seems win / win. Until leader of said business goes thru a divorce and is going thru a fuck you phase and ready to go scorched earth on your political ass.
I don't know a lot about politics, but I can't imagine having been the main reason your community lost out on 25,000 jobs is a good thing for the resume.Be Excellent To Each OtherParty On, Dudes!0 -
Like all great profitable business's offer them more subsidies and I'm sure they'll reaffirm their commitment...Give Peas A Chance…0
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Amazon, killer of small independent business, get's none of my dollars!
"It's a sad and beautiful world"-Roberto Benigni0 -
Trump doesn't like Amazon as well...you and Trump have some common ground.../sbrianlux said:Amazon, killer of small independent business, get's none of my dollars!Give Peas A Chance…0 -
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3 billion in subsidies for 50 000 jobs is not that bad. You should see the subsidies we toss around at businesses for 600 jobs or to get them to stay put. The Canadian government just wrote off 3.5 billion that GM still owed as part of the 2008 bailout.tempo_n_groove said:
I am opposed to subsidies to any corporation. Amazon is only jumping in on the free money like the auto sector and more have gotten.
Give Peas A Chance…0 -
I imagine there are five states that are very excited right. Like finding out you came in second in the Powerball and finding out the winner declined the check.Be Excellent To Each OtherParty On, Dudes!0 -
Because I love math...Meltdown99 said:
3 billion in subsidies for 50 000 jobs is not that bad. You should see the subsidies we toss around at businesses for 600 jobs or to get them to stay put. The Canadian government just wrote off 3.5 billion that GM still owed as part of the 2008 bailout.tempo_n_groove said:
I am opposed to subsidies to any corporation. Amazon is only jumping in on the free money like the auto sector and more have gotten.
50,000 jobs
Not all but for this equation I will use $150,000 base pay for each job is $7,500,000,000.00
$7,500,000,000 x the NYS tax rate of 8.82% would be
$661,500,000.00 annually in NYS taxes.
So in 9 years the city would make back that 3Billion.
Amazon has grown 7 billion dollars in the last year so with that type of growth Amazon doesn't really need the incentives and it would make p that 3 billion in revenue in about 1 quarter...0 -
I think about all the people that pounced on buying property there in LIC that are now SOL.Jason P said:
I imagine there are five states that are very excited right. Like finding out you came in second in the Powerball and finding out the winner declined the check.
I'm personally glad they aren't coming here. It's already crowded enough and don't need more congestion.
If that Green deal kicks in then it might have been ok.0
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