• Amazon employees are reportedly already buying up apartments in New York City - and they started before the company even announced HQ2

    22 days ago - By Business Insider

    Amazon employees are already buying apartments in New York City, local brokers told The Wall Street Journal.
    In the week since Amazon announced plans to open headquarters in Long Island City, a neighborhood in Queens, New York, brokers say they've seen a spike in interest from employees at the e-commerce giant.
    Interest in Long Island City real estate is skyrocketing more generally, sparking concerns that rents are going to increase.
    Amazon employees are apparently eager to get a head start on the New York City real estate game.
    Condo sales in Long Island City are soaring following the...
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  • Housing Consequences for Amazon's HQ2

    Housing Consequences for Amazon's HQ2

    22 days ago - By Forbes

    Amazon may cause home prices to rise in Long Island city where black people have the second lowest homeownership rate. It may easily benefit from having its HQ2 in a designated Opportunity Zone by starting an opportunity fund to buy real estate in the zones surrounding the office.
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