Date: April 4, 2019
Contact: mediacenter@freeandfairmarketsinitiative.org
They Said It!
Amazon HQ2 Has Locals Afraid Of Being “Priced Out”
Since announcement of Amazon locating its second headquarters in Northern Virginia, “everything seemed to get even more expensive right away” in local communities.
“Lainie Singerman grew up in Fairfax County, Va. Now that she’s a fully employed lawyer in her 20s, she’d like to buy her first place. Naturally, she’s anxious about finding something she can both afford and love.
But then, something happened that sent her anxiety level higher: Amazon HQ2.
‘I’ve been saving for my down payment for years, but everything I look at is expensive,’ Singerman says. ‘Since Amazon decided to locate in Crystal City, everything seemed to get even more expensive right away. I’m afraid I’ll be priced out.’” (The Washington Post, “Will Amazon’s effect on Northern Virginia housing be as feared — or hoped for?” Michele Lerner, 4.4.19)
To read the full story, click here.
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The Free & Fair Markets Initiative (FFMI) is a nonprofit watchdog committed to scrutinizing Amazon’s harmful practices and promoting a fair, modern marketplace that works for all Americans. For more information on the Free & Fair Markets Initiative, click here.
