signalmankenneth
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Amazon HQ2 is bad news for NYC's renters
There’s no question that the arrival of Amazon (AMZN) to Long Island City will move the New York City neighborhood’s housing market — just look at housing prices in its hometown, Seattle.
Up until this year, Seattle, Amazon’s hometown has been the city with the fastest-growing home prices. Since September 2016, Seattle had been leading the S&P CoreLogic Case Shiller Home Price 20-City Composite Index and has maintained that spot each month until it was dethroned by Las Vegas in April.
https://www.yahoo.com/finance/news/amazon-hq2-bad-news-nycs-renters-210652998.html
There’s no question that the arrival of Amazon (AMZN) to Long Island City will move the New York City neighborhood’s housing market — just look at housing prices in its hometown, Seattle.
Up until this year, Seattle, Amazon’s hometown has been the city with the fastest-growing home prices. Since September 2016, Seattle had been leading the S&P CoreLogic Case Shiller Home Price 20-City Composite Index and has maintained that spot each month until it was dethroned by Las Vegas in April.
https://www.yahoo.com/finance/news/amazon-hq2-bad-news-nycs-renters-210652998.html