For the owners already around Crystal City I'm sure they are getting a hard on now that Amazon is coming. That means they can either rent their place out for a higher price or sell for an even higher price.

Renters and buyers.....GET READY TO BE FUCKED!

The only party who benefits from this move is Amazon.

Not that much.

If you know a little about that area, you'd know that Crystal City, before BRAC, was one of the tightest office markets EVER in the country, with annual vacancy rates of around 1%, from at least the late 80's until BRAC in 2005. Basically, every building was 100% leased.

There was NAVSEA, NAVAIR and related contractors, Pentagon renovation units, and the Patent and Trademark Office among others,

So, since Amazon is targeting existing office stock, with a multi-year phase-in over at least a few years, will prices go up?

Sure, but not that much. Nothing crazy. Maybe an initial bump due to speculators, of which I will not be one.

Knowing that this is a HQ location, with average salaries in the $100K range, I'm sure all the housing absorption will not be in Crystal alone.

Probably like back in the day, when many of those government contractors commuted to Crystal from places like Arlington, Mclean, and down the GW Parkway towards Mount Vernon.

bezos bought one of the residential buildings next to hq and his workers will be badge in to the home hq campus for 24 7 monitoring

minorities will only be allowed in during maintenance hours because jeff is NOT a racist

gerrymanderer2 will not be allowed within 500 ft of the campus (just like he already has around schools and churches)

slow yur roll Wrote:
-------------------------------------------------------
> Not that much.
>
> If you know a little about that area, you'd know
> that Crystal City, before BRAC, was one of the
> tightest office markets EVER in the country, with
> annual vacancy rates of around 1%, from at least
> the late 80's until BRAC in 2005. Basically, every
> building was 100% leased.
>
> There was NAVSEA, NAVAIR and related contractors,
> Pentagon renovation units, and the Patent and
> Trademark Office among others,
>
> So, since Amazon is targeting existing office
> stock, with a multi-year phase-in over at least a
> few years, will prices go up?
>
> Sure, but not that much. Nothing crazy. Maybe an
> initial bump due to speculators, of which I will
> not be one.
>
> Knowing that this is a HQ location, with average
> salaries in the $100K range, I'm sure all the
> housing absorption will not be in Crystal alone.
>
> Probably like back in the day, when many of those
> government contractors commuted to Crystal from
> places like Arlington, Mclean, and down the GW
> Parkway towards Mount Vernon.


He's talking about residential units, not office space. And prices starting going up 2 weeks ago when word leaked that Crystal City was going to get the gig. Speculators immediately started jumping on residential properties that had been sitting on the market for months.

Smart guy, since the idea is that a residential boom will follow the office boom, the point is that the "office boom" will not be any different than what existed in Crystal for many, many years...

Therefore....

See?

And if you read the post thoroughly, you'd note reference was indeed made to an initial bump due to speculators...

You mean to double your taxes and more traffic gridlock in Crystal City. Like this area needs more cars on already over jammed roads.

Oye, vey.

Not gonna happen.

The sky is falling! Blame the government!

Communities ultimately choke on their own prosperity. At some point, affluent residents throw up their hands at the hellscape that has been created and head off to saner pastures taking equity, skills and savings with them only to be replaced by lower end demographics in search of their piece of the pie. The result is more taxes for more schools, courts, jails, demand for more housing, bigger government and more bureaucrats. It's an increasingly concentric circle that collapses into a shithole. You are there, I am here. LOL

So, when is that gonna happen here?

Sounds like you might be thinking of Detroit.

Sparks Wrote:
-------------------------------------------------------
> Communities ultimately choke on their own
> prosperity. At some point, affluent residents
> throw up their hands at the hellscape that has
> been created and head off to saner pastures taking
> equity, skills and savings with them only to be
> replaced by lower end demographics in search of
> their piece of the pie. The result is more taxes
> for more schools, courts, jails, demand for more
> housing, bigger government and more bureaucrats.
> It's an increasingly concentric circle that
> collapses into a shithole. You are there, I am
> here. LOL

Exactly. The Crystal City and Annadale area are starting to reaching that overpopulation mark where rich people will move outward leaving the area to fall into "Detriot collapse." Traffic gridlock is the number one reason why rich people leave an area.

Dude, Crystal and Annandale have been stagnant for years,

Drive through Annandale-it looks like Brady Bunch houses everywhere.

Back in the 70's it was passe.

do you think Jeff will let me borrow his car for lunch?