Will New Amazon HQ Cause Spike in Local Real Estate?

[Recyclersteve]

I wonder if there will be a quick spike in real estate prices (homes or raw land or both) in the area near Amazon's new headquarters location, to be announced in 2018? Any thoughts from anyone, especially with enough real estate knowledge to make any comps with other major companies moving or adding new facilities?

[fasteddy]

absolutely it will...when Exxon announce it was moving into the Woodlands here in Houston all the local real estate jump in price. Now if your house didn't flood last month you can add 20% to your home value. My neighbor sold his house in 8 days...nearly doubled in price in ten years.

[misteroman]

10000% will jump with the amount of jobs they are talking.
Buffalo/Rochester area is one of their top sites as well and eagerly watching. If they announce here I will be trying to buy any reasonably priced vacant land within 25-30 miles.
Can't really lose with vacant either way. May not make a fortune but hard to lose if your not buying flood or contaminated.

[hobo finds]

We tried to send them a Saguaro Cactus they sent it back! I guess we are out!

[Recyclersteve]

If they announce here I will be trying to buy any reasonably priced vacant land within 25-30 miles.
Can't really lose with vacant either way.

Don't know what property taxes are in your area, but if you had vacant land that sat and did nothing (value wise) for 15-20 years, wouldn't it be a bit painful to keep paying those property taxes without getting anything back from the property?