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But why would you want Amazon in Colorado? Rent there is already increasing, Amazon there would make everything unaffordable.
by jackmodern 9y ago
But why would you want Amazon in Colorado? Rent there is already increasing, Amazon there would make everything unaffordable.
- simmons 9y agoI can't speak for the grandparent poster, but it seems he was making a case for Denver being great for Amazon, not necessarily discussing if Amazon would be great for Denver. That said, I wouldn't mind seeing Amazon HQ2 locate here. While I doubt I would personally want to work for Amazon due to its reputation as being a lousy place to work, it would probably boost the tech scene and salaries. I think Denver's cost of living is going to continue its steep trajectory with or without Amazon.
- JPKab 9y agoCorrect. I think Amazon would be ok for Denver. It would probably boost tech salaries across the board here.
- JPKab 9y agoThe housing prices in Colorado are high because of a specific reason that is soon going to end: 1) Land is available, but labor and building companies are still not fully recovered from the 2008 bust, and this has created a sharp supply issue with new housing to accommodate the hordes of newcomers. 2) This issue is quickly on the way to being remedied, because the housing prices are high enough to produce huge profits for builders, and the national companies are quickly getting their infrastructure in place. 3) If anything, housing prices are going to retreat downward, (probably not a crash due to demand) and Amazon would help cement the decision for big building companies to devote more assets to correcting the supply issue.