Re: New Amazon HQ
Posted by dr_nick_riviera on 2018/5/20 15:14:09
What does affordable housing have to do with this? Most of these employees will be earning 100k+ salaries, I can't imagine affordable housing is high on their list of demands.
Basic economics. Dump a bunch of people into a market at any price point and it will disrupt it. Any increased demand will drive up prices throughout the price range.
Newark is already starting to undergo a building boom that will bring many more market rate units onto the market...and it's not like 100k people would be moving next year, opening a second HQ is a huge process and would likely take them several years to fully build out a new site and actually hire new people. Jersey City thankfully is building like crazy, I suspect a good many would wind up moving here instead of staying in Newark proper.
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