Amazon's HQ2 Decision Won't Impact NYC Real Estate, Redfin's Fairweather Says

The video discusses Amazon's challenges with backlash in NYC and Seattle due to housing affordability issues. It explores the impact of Amazon's decision not to establish HQ2 in Long Island City, noting that the area was already growing. The video also covers Amazon's real estate expansion, focusing on Northern Virginia and Nashville, which are better equipped to handle new jobs and migration. It highlights the need for cities to address housing affordability before attracting tech companies. Finally, it examines Amazon's community impact, emphasizing the role of local governments in managing prosperity and inequality.

What is one reason Amazon faced backlash in New York City and Seattle?

• They closed local businesses.

• They refused to hire local residents.

• They were seen as contributing to housing affordability issues.

• They increased local taxes.

How did Amazon's decision affect Long Island City's real estate market?

• It caused a decline in property values.

• It halted all new construction projects.

• It had little impact as the area was already growing.

• It led to a decrease in population.

What is a key factor that makes Northern Virginia suitable for Amazon's expansion?

• Its ability to absorb new migrants and jobs.

• Its existing tech industry.

• Its proximity to the ocean.

• Its low cost of living.

Which city is mentioned as having a good track record of absorbing new residents?

• Seattle

• New York City

• Nashville

• San Francisco

What role do local governments play in managing the impact of companies like Amazon?

• They should provide subsidies to local businesses.

• They should limit the number of new jobs created.

• They need to plan for housing and infrastructure to manage prosperity.

• They should increase taxes on large companies.