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Irvine Real Estate / Re: Amazon to build second Headquarters
« Last post by Panda on Today at 05:42:45 PM »
I posted this on another thread. The Polls are showing 2/1 chance for Atlanta, 3/1 for Austin and 6/1 for Boston. Atlanta is in the lead.

In 2018, the Amazon's second headquarters will be announced. Will it be in Austin or Atlanta? People on betting on Atlanta. I am going upload some interesting real estate charts of three cities in the south.

At the same time, the city that scores the second headquarters can expect housing prices, along with other costs of living, to increase.

New research from Apartment List, a site that catalogs apartment rentals across the country, forecasts an annual rent increase of up to 2% per year in the city that houses HQ2. That's on top of organic price increases that already occur from year to year.

"Rents are already rising rapidly nationwide," Apartment List said in a report that analyzed data from the U.S. Census and Bureau of Labor Statistics. Half of renters are considered "cost burdened," spending 30 percent or more of their income on rent, according to the firm.

Apartment List said Raleigh, Pittsburgh and San Jose would experience the highest rent increases if HQ2 comes to town. The impact would be smaller in cities like Washington D.C., Los Angeles and Dallas.
The largest increase in housing costs would be in Raleigh, which wouldn't be able to build enough homes to sustain the influx of workers, according to the report. Meanwhile, housing costs would stay lower in places like Dallas, which has lax building restrictions and a cheaper labor pool.

In my opinion, the Atlanta's housing market is still undervalued. I've been told for many years that the housing prices in the south just doesn't appreciate 10% a year. It is not possible in the south. Take a look at the Dallas and Nashville chart. Nashville's housing prices are now 35% above the last peak while Atlanta is just getting back up to his last peak of July 2017. I sense that the Atlanta's housing market momentum is starting to build just like the LA/OC market between 1994 - 1999. There is no reason why Atlanta housing market can't be above 35% the last July 2007 peak like Nashville. Amazon's second headquarters in Atlanta will be a complete game changer.

Home prices are set to soar in 2018.
Irvine Real Estate / Re: Amazon to build second Headquarters
« Last post by Panda on Today at 05:35:15 PM »
Food and sales tax is 6% in Gwinnett county.
6% income tax and 8.5% sales tax in Georgia.
Irvine Real Estate / Re: Amazon to build second Headquarters
« Last post by eyephone on Today at 04:05:10 PM »
Maybe LA?
-Port of LA/LB
-Film: growing the film segment
-Airport: flights are available to all over the world, got to take care of an issue no problem, vendors can fly in with ease
-Produce: a lot of produce from the globe come to LA (grocery segment)
-Entertainment: things to do too many to list, take out clients, company outing
-Food: maybe the food choice the best in the US
-Weather: maybe the best climate in the US
-Infrastructure: already in place (at a small town, I don’t know)

bottom line: Happy workers = more productivity.

(Tax break is nothing when you are making money hands over fist.)
Education / Re: Tustin Legacy Academy 6-12
« Last post by qwerty on Today at 03:52:45 PM »
From looking at those plans in the link they plan on building an admin building, 2 classroom building and a gym.

If you look at the school renderings, it seems to be the full build out. 

The school rendering has an admin building, one building for 6-8, one building for 9-12
Water Cooler / Re: President Trump
« Last post by Soylent Green Is People on Today at 03:41:14 PM »
I know conventional wisdom says the GOP is going to be wiped out in the November midterms, but as a contrarian, it might not occur. As pay increases, as bonus income is received, as tax refunds are paid out (2017 tax rules.....not 2018 when it will be a much different tale....) there could be enough "meh" about the GOP excesses that no one really wants to sweep them out of power.

As one person put it, "If Muller doesn't get the goods on Trump soon, then Tim Cook will have provided everything he needs to get reelected".

Remember kids "It's the economy, stupid..."

My .02c

Water Cooler / Re: President Trump
« Last post by Kings on Today at 03:31:03 PM »
Apple has announced:

-Will pay about $38 billion in taxes for the cash it plans to bring back to the United States

Thanks for paying for the wall, Apple!
Education / Re: Tustin Legacy Academy 6-12
« Last post by TheDude4545 on Today at 03:25:24 PM »
The last I heard (few months ago) TUSD only had enough money for the first phase of the middle/high school and they were not sure what grades would go there. They were adamant about not finishing the buildout until they secure all the funding needed which has to come from newer homes than the ones that have sold out in Greenwood.

Have they decided what grades they will accommodate and when the entire school will be open? This is after all TUSD, not IUSD.

If you go the State Architect website they've listed the construction price at $61,000,000 and have been paying all fees associated with inspections and such with this price.  This price seems to be right in the middle of the partial build-out and full build-out according to their projected costs from Nov 2016.  They have to provide a statement of final construction costs under 'documents required' in the right column of the attached link... You might be able to catch what they're doing prior to any public announcement if you check in here.

Water Cooler / Re: President Trump
« Last post by Liar Loan on Today at 02:48:18 PM »
Apple has announced:

-A $350 billion “contribution” to the U.S. economy over the next five years

-It will open a new campus and create 20,000 jobs

-Will pay about $38 billion in taxes for the cash it plans to bring back to the United States

-Will repatriate virtually all of its $250 billion in overseas cash

-Will spend over $30 billion in capital expenditures over the next five years

-Will spend $5 billion as part of an innovation fund

-Employees will receive $2,500 bonuses

Irvine Real Estate / Re: Amazon to build second Headquarters
« Last post by Liar Loan on Today at 02:38:34 PM »
It would make the most sense to pick Toronto in case engineers fom shithole countries needed a visa to visit corporate headquarters.

Merit based immigration will solve that problem for the US.
Irvine Real Estate / Re: Amazon to build second Headquarters
« Last post by fortune11 on Today at 02:28:34 PM »
a bigger consideration than taxes / housing cost may be
walkability / desirability / availability of good talent .  Boston scores well on those.  If I had to pick one, would be Boston.

Atlanta is cheap but weather / traffic / available talent may be subpar

LA stands no chance.  I think this list just encompasses all the metro areas across the country anyways so kind of a meaningless list. 
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