Saturday, October 21, 2017 09:08 AM

WHAT AMAZON’S HQ2 MEANS FOR HOMEOWNERS, HOME BUYERS AND RENTERS IN THE CHOSEN CITY

Having Amazon as a neighbor will result in very different consequences for homeowners and renters.

Amazon announced in September that it would accept competing proposals from cities across the country as it decides the location of a second headquarters. The tech and retail giant set certain limitations for where it would consider: Only metro areas with at least 1 million people are eligible, and they must have an international airport with nonstop flights to Seattle.

Bids for HQ2, as it has been dubbed, are due Thursday, and cities ranging from New York and Newark to Baltimore and Boston have thrown their hats in the ring[1].

Wherever Amazon

AMZN, -0.38%[2] decides to put its second home, housing prices will likely skyrocket. Since Amazon solidified its presence in Seattles South Union neighborhood seven years ago, home prices in the city have jumped by 83% and rents by 47%, according to online real estate ...

News source: Market Watch

See also: Steven Enrich