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You are here: Home / PRRAC in the News / Northern Virginia Property Owners are Delighted Amazon HQ2 is Moving In. Renters, First-Time Buyers, and Low-Income Residents Aren’t. What Might Happen if Amazon Moves to Your City? Will Amazon’s HQ2 be a Good Neighbor or a Nightmare? (Washington Post)

Northern Virginia Property Owners are Delighted Amazon HQ2 is Moving In. Renters, First-Time Buyers, and Low-Income Residents Aren’t. What Might Happen if Amazon Moves to Your City? Will Amazon’s HQ2 be a Good Neighbor or a Nightmare? (Washington Post)

November 13, 2018 by

By Tracy Jan and Kathy Orton, Washington Post

A Crystal City condo that had sat on the market suddenly shot up in price by $20,000. Realtors are fielding cold calls from out-of-state investors eager to snap up properties. “But only if Amazon comes to the area,” one Midwestern woman said.

Anticipation that the online retail giant will open its new headquarters in this Northern Virginia neighborhood of hotels, high-rise condos and office buildings set off a flurry of real estate speculation — even before the official announcement from Amazon Tuesday morning.

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PRRAC – Poverty & Race Research Action Council

The Poverty & Race Research Action Council (PRRAC) is a civil rights law and policy organization based in Washington, D.C. Our mission is to promote research-based advocacy strategies to address structural inequality and disrupt the systems that disadvantage low-income people of color. PRRAC was founded in 1989, through an initiative of major civil rights, civil liberties, and anti-poverty groups seeking to connect advocates with social scientists working at the intersection of race and poverty…Read More

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