3 ms·
I think Miami makes a lot of sense, and housing has always been one of the top reasons. Notwithstanding what this article suggests (a little hard to follow), M
by will_brown 9y ago
I think Miami makes a lot of sense, and housing has always been one of the top reasons.
Notwithstanding what this article suggests (a little hard to follow), Miami housing numbers are as follows:
About 12,300 new condos are expected to be completed in downtown between between 2014 and 2019; between 2004 and 2009, more than 21,000 units were delivered.
And this is just downtown, “Miami” itself is a sprawling area with development continuing South and West where it’s suggested Amazon would set up shop. In fact some of the housing development has even been paused due to to much housing coming on the market and lack of demand (though the demand is actually there, local wages are not, reading between the lines foreign investment is drying up). Still the developers (deep pockets) want nothing more than to keep the good times rolling and bringing in Amazon would be instrumental.
- graeme 9y agoMiami strikes me as an atrocious long run bet for amazon. Rising sea levels + stronger + storms + porous ruck under Miami mean the city will be under increasing strain. And sooner than most people living there think.
- yahna 9y agoI can buy an overpriced condo in Seattle. rather have a place with a bit of space.
- will_brown 9y agoI'm sure you can buy an over priced condo anywhere, but are there 30,000+ units available in those markets, which in my estimation is the point of the article vis-a-vis a housing market that can support 50,000 Amazonians. And I'm not going to knock Seattle, there is nothing wrong with cold, wet, dark and depressing...but there is something to be said about the year round Tropical weather Miami has to offer. Its why Miami has snowbirds and our number 1 industry is tourism (discounting Medicare/insurance fraud).