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Long Island prices are probably not going to be noticably affected. 25,000 people moving into NYC is a small blip. Perhaps Long Island City [1] prices will go u
by chadash 8y ago
Long Island prices are probably not going to be noticably affected. 25,000 people moving into NYC is a small blip. Perhaps Long Island City [1] prices will go up a tiny amount due to people who want to walk into work.
To keep things in perspective, there are >8 million people in NYC and >20 million in the surrounding areas. Amazon is planning to employ 25,000, which is tiny in the scheme of things, especially considering that it's going to take a decade to be fully up and running. On top of that, I'm sure that many, if not most, of these employees are going to come from NYC's existing workforce.
I used to work in Long Island City and I commuted from Manhattan's Upper West Side, which took about 30 minutes. Commutes are even shorter from must of lower Manhattan and Brooklyn, not to mention most of Queens. I just can't imagine that this is going to have a noticeable effect on NYC or Long Island pricing overall.
[1] to those not familiar with New York, Long Island City, despite the name, is a neighborhood, not a municipality, located in Queens. While technically Brooklyn and Queens are located physically on Long Island, typically when people say "Long Island" they are referring to those parts of the island beyond New York City borders.