Author Topic: Looks like Amazon's 2nd headquarter in Atlanta is starting to become REAL.  (Read 2966 times)

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Offline Panda

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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.

http://money.cnn.com/2017/10/27/technology/amazon-hq2-housing-costs-seattle/index.html

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.
https://www.cnbc.com/2018/01/02/home-prices-are-set-to-soar-in-2018.html
« Last Edit: January 04, 2018, 09:56:06 AM by Panda »
James Park, MBA
Real Estate Broker and Loan Officer
CalBRE# 01894781, NMLS License # 1572291
Direct: (678) 865-6250
Email: jpark@johnscreekrealtypartners.com

http://www.biggerpockets.com/users/Panda
http://www.johnscreekrealtypartners.com

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Offline Panda

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Forbes: Atlanta No. 3 U.S. city poised to become tech mecca
source: https://www.bizjournals.com/atlanta/news/2017/03/28/forbes-atlanta-no-3-u-s-city-poised-to-become.html

Atlanta could soon become one of the world’s most elite tech cities.

According to a new report from Forbes, Atlanta is the No. 3 American city poised to become one of tomorrow’s tech meccas.
“Craving relocation to the East Coast? Opportunities for Atlanta-based tech jobs, including software developer, software programmer, and computer support roles, have grown far more quickly than the national average,” the article reads. “Atlanta’s total tech jobs have grown by 46.7 percent since 2010 — almost 20 percentage points above the national average.”

The article gives a nod to three of the city’s startup hubs — Atlanta Tech Village, Switchyards Downtown Club and Advanced Technology Development Center — and two of the city’s universities —Georgia Institute of Technology and Emory University — as a two of the main boosters of Atlanta’s tech boom.

James Park, MBA
Real Estate Broker and Loan Officer
CalBRE# 01894781, NMLS License # 1572291
Direct: (678) 865-6250
Email: jpark@johnscreekrealtypartners.com

http://www.biggerpockets.com/users/Panda
http://www.johnscreekrealtypartners.com

Offline irvinehomeowner

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From a logistics standpoint, a West Coast/East Coast HQ is better than West Coast/Texas Toast.
Once you go 3-car garage... your junk can never go back.
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I recommend:
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Offline My_Alter_Ego

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My friend's dad is high up in Amazon's in-house counsel and apparently DC is the preferred choice.  It's an educated guess, but he says by 'reading the tea leaves' it appears DC has been a top choice all along.

Offline Soylent Green Is People

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Offline fortune11

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My friend's dad is high up in Amazon's in-house counsel and apparently DC is the preferred choice.  It's an educated guess, but he says by 'reading the tea leaves' it appears DC has been a top choice all along.

certainly seems plausible .  given all the political heat amazon has been taking lately, being among the largest local employers in dc (after the govt) wouldn't be a bad thing for them. high housing costs will hurt though . 

Offline paydawg

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Re: Looks like Amazon's 2nd headquarter in Atlanta is starting to become REAL.
« Reply #6 on: February 26, 2018, 03:10:52 PM »
Well, today's tweet by Georgia's Lt. Governor, Casey Cagle regarding Delta's choice to stop partnering with the NRA for discounts will not be helpful in Atlanta's bid for HQ2.  Here's his tweet:

I will kill any tax legislation that benefits @Delta unless the company changes its position and fully reinstates its relationship with @NRA.  Corporations cannot attack conservatives and expect us not to fight back.
Thanks in advance for the 'thanks'!!

Offline Ready2Downsize

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Re: Looks like Amazon's 2nd headquarter in Atlanta is starting to become REAL.
« Reply #7 on: November 12, 2018, 07:27:05 PM »
Northern VA/NY, so I guess from that list Washington DC.

https://www.theamericanconservative.com/articles/amazons-great-hq2-swindle/
« Last Edit: November 12, 2018, 07:59:22 PM by Ready2Downsize »

Offline My_Alter_Ego

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Re: Looks like Amazon's 2nd headquarter in Atlanta is starting to become REAL.
« Reply #8 on: November 12, 2018, 11:34:09 PM »
There was never any doubt that DC would be selected. 

Offline Irvinecommuter

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Re: Looks like Amazon's 2nd headquarter in Atlanta is starting to become REAL.
« Reply #9 on: November 13, 2018, 01:21:42 AM »
The H2 thing was 90% publicity stunt...companies plan stuff like this out years ahead of time.

Also...Atlanta...still in Georgia. 

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Offline irvinehusky

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Re: Looks like Amazon's 2nd headquarter in Atlanta is starting to become REAL.
« Reply #10 on: November 13, 2018, 08:33:32 AM »
Yes, it sure was.  Probably 99.999%.  They will probably continue to add smaller hubs here and there at the other finalist (and other cities that bid on this nonsense) cities that promised to give many breaks.  They're still expanding in Seattle as well.   Hope Amazon doesn't buy out the Seattle Seahawks next and move their headquarters.  :(

The H2 thing was 90% publicity stunt...companies plan stuff like this out years ahead of time.

Also...Atlanta...still in Georgia.

Offline Mety

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Re: Looks like Amazon's 2nd headquarter in Atlanta is starting to become REAL.
« Reply #11 on: November 13, 2018, 11:51:48 AM »
It’s official. New York and Northern Virginia. Two locations.
#fepo

Offline morekaos

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Re: Looks like Amazon's 2nd headquarter in Atlanta is starting to become REAL.
« Reply #12 on: November 13, 2018, 01:01:54 PM »
You just can't win for losing.....

Amazon’s Great HQ2 Swindle
The tech giant decides to build in the most predictable places imaginable, after taking the rest of us for a ride.

“The big prize Amazon has gotten out of its HQ2 stunt,” tweeted Stacy Mitchell, co-director of the Institute for Local Self Reliance, “is not the PR value of a bunch of city leaders singing its praises, or even the billions of dollars in subsidies that it will extort from public coffers. It’s the data.”

Indeed, under the guise of a multi-billion dollar development contest, Amazon successfully convinced the mayors and governors of 238 North American cities and regions to voluntarily surrender a treasure trove of information ranging from future infrastructure projects to land use patterns and everything else in between—all without being charged a dime.

Armed with this detailed data, Amazon will not only have a competitive advantage over its rivals in retail and cloud computing, it will also have a serious upper hand at the negotiating table with state and local governments, as it will know precisely how much taxpayer money it will be able to extract from public funds.

https://www.theamericanconservative.com/articles/amazons-great-hq2-swindle/

Newly minted Democratic socialist congresswoman Alexandra Ocasio-Cortez says New Yorkers are 'outraged' over Amazon tax break that could total $1.5 BILLION for hiring tens of thousands at new headquarters
Amazon has chosen two locations for its second headquarters, New York City and Northern Virginia
Retail giant is also making Nashville a new operations hub
Future congresswoman Alexandra Ocasio-Cortez blasted Amazon.com and the New York City government on Tuesday
She 's angry about a tax-relief agreement that lured the giant e-tailer to the Big Apple
Ocasio-Cortez describes herself as a Democratic socialist
She said on Twitter that she's skeptical Amazon won't let its new New York staff unionize, and wants the company to hire people in the neighborhood

https://www.dailymail.co.uk/news/article-6384949/Socialist-Ocasio-Cortez-says-New-Yorkers-outrage-Amazon-tax-break.html

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Offline Soylent Green Is People

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Re: Looks like Amazon's 2nd headquarter in Atlanta is starting to become REAL.
« Reply #13 on: November 13, 2018, 02:09:27 PM »
For the Dems, the "useful" piece is complete with the election of AO-C to Congress, but for the Republicans the "idiot" part is the gift that keeps on giving. Boo-Hooing about jobs? Please. Do some of us a favor and STFU-GBTW

So since NYC properties have the possibility of rent control. and the Virginia prices are pretty high, seems like the Nashville area is the place to invest. Lots of SFR's for sale in the $275-300k range worth considering from what I'm seeing on Redfin. It's still a pretty strong price environment. Curious what Landlord/Tenant rights are in the State. Anyone yet found out?

My .02c

SGIP

Offline Irvinecommuter

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Re: Looks like Amazon's 2nd headquarter in Atlanta is starting to become REAL.
« Reply #14 on: November 13, 2018, 03:37:22 PM »
That is not an unfounded complaint about corporations getting tax breaks and pricing out the poor. 

Foxconn just pulled a fast one on Wisconsin and Trump. 

https://www.bloomberg.com/opinion/articles/2018-11-06/wisconsin-s-deal-with-foxconn-is-the-worst-of-corporate-welfare


 

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