Friday November 16, 2018
|
Natalie Campisi, Bankrate.com
REAL ESTATE
Drew Angerer /Getty Images
Residents of Long Island City, New York, and Crystal City, Virginia, which will split the Amazon HQ2 spoils, are either rejoicing or lamenting their fate. This tale of two cities focuses on the haves–homeowners–and the have-nots, also known as homebuyers and renters.
For homeowners, Amazon will likely add value to their homes and wealth to their bottom line. Renters, on the other hand, will presumably face higher rent. And everybody will likely cope with tougher commutes as the areas each absorb another 25,000 jobs over the coming decade.
Anyone who is thinking about buying in either of these cities shoul...
Continue reading