ALL
ALL ASPECTS OF YOUR BODY'S RESPONSE.
RESPONSE.
RESPONSE. LORENZO: ARLINGTON COUNTY IS
HOLDING A PUBLIC REVIEW MEETING
FOR THE NEXT PHASE OF HQ-2.
THEY ARE ANSWERING QUESTIONS
ABOUT ARCHITECTURE, LAND USE,
AND TRANSPORTATION.
AND TRANSPORTATION. AMAZON HQ-2 OPENING DATE IS
STILL A WAYS OFF BUT IT IS
ALREADY A HOT BUTTON TOPIC.
A LOT IF YOU ARE WORRIED THAT
MOVE COULD DRIVE UP HOUSING
COSTS.
COSTS.
COSTS. THE SEATTLE-BASED TECH GIANT HAS
BEEN ACCUSED OF LEADING TO A
RISE IN HOUSING PRICES.
A STUDY SHOWS THAT THE SEATTLE
METRO HAD THE LARGEST JUMP IN
RED PRICES ACROSS THE COUNTRY
FROM 2009 TO 2019.
WE DO NOT KNOW IF AMAZON IS TO
BLAME FOR THIS.
JOINING ME RIGHT NOW, DR. TERRY
FLOWER, A PROFESSOR OF PUBLIC
POLICY AT GEORGE MASON.
THIS IS NOT THE FIRST TIME THAT
HOUSING HAS BEEN A PROBLEM IN
NORTHERN VIRGINIA.
NORTHERN VIRGINIA. HOW HAS IT AFFECTED THE
SITUATION IN HOW DO YOU SEE IT
EFFECTIVELY SITUATION GOING
FORWARD -- AFFECTING THE
SITUATION GOING FORWARD?
>> WE SAW ALMOST AN IMMEDIATE
REDUCTION IN THE NUMBER OF HOMES
FOR SALE, PARTICULARLY IN■■
ARLINGTON AND ALEXANDRIA.
A LOT OF THAT WAS PROBABLY FOLKS
BEING A LITTLE BIT SPECULATIVE.
DO I NEED TO SELL MY HOME RIGHT
NOW OR SHOULD I WAIT A FEW
YEARS.
YEARS.
YEARS. WE
YEARS. WE SAW A DROP IN THE NUMBER OF
HOMES FOR SALE AND IT WAS A
SIZABLE DROP.
SIZABLE DROP. THAT GOING WITH THE OVERALL
TREND IN THIS REGION THAT MOST
OF US KNOW ABOUT, THAT THERE ARE
NOT THAT MANY HOMES FOR SALE TO
BEGIN WITH, HAS CAUSED PRICES TO
RISE.
RISE.
RISE. WE
RISE. WE HAVE SEEN A LITTLE BIT OF AN
UPTICK IN THE RATE OF HOUSING
PRICES SO FAR.
WE WOULD ANTICIPATE THAT THE
INCREASED DEMAND WILL CAUSE
PRICES TO RISE.
LORENZO: IMMEDIATELY AFTER THE
PANDEMIC ENDS, I AM SURE THAT
PLAYED A ROLE AS WELL.
>> THERE HAVE BEEN SOME FOLKS
WHO DECIDED THAT MAY BE LIVING
IN A HIGH-RISE BUILDING IN
ARLINGTON MAYBE WAS NOT THE BEST
THING TO DO DURING A PANDEMIC.
THERE HAS BEEN DIFFERENTIAL
EFFECTS.
EFFECTS.
EFFECTS. WHAT THIS REALLY CALLS FOR MORE
THAN ANYTHING, WE NEED
BROAD-BASED LONG-TERM SOLUTIONS
TO THE HOUSING SUPPLY IN OUR
REGION.
REGION.
REGION. IT IS VERY MUCH COME OUR PRICES
GO UP BECAUSE THEY'RE JUST IS
NOT AS MUCH HOUSING AS WE NEED
FOR THE POPULATION THAT WANTS TO
LIVE HERE.
LIVE HERE. LORENZO: WHAT CAN THE GOVERNMENT
DO?
DO?
DO? WHAT
DO? WHAT KIND OF POLICY CAN THEY
IMPLEMENT?
IMPLEMENT? >> SOME OF IT IS A MATTER OF
PROGRAMS WE HAVE BEEN DOING FOR
A LONG TIME IN TERMS OF HELPING
FAMILIES THAT HAVE AFFORDABILITY
TROUBLES.
TROUBLES.
TROUBLES. WE ALSO NEED TO INCREASE THE
SUPPLY.
SUPPLY.
SUPPLY. SOME OF THAT WILL HAPPEN AS PART
OF THE AMAZON HQ-2 DEVELOPMENT
PROJECT.
PROJECT.
PROJECT. IT IS ALSO A MATTER OF, CAN WE
LOOK AT REZONING ISSUES.
ACCESSORY DWELLING UNITS.
ARE THERE AVENUES WHERE WE CAN
REUSE CERTAIN LAND.
MAYBE COMMERCIAL BUILDINGS THAT
ARE NOT IN DEMAND ANYMORE THAT
CAN BE REUSED OR REBUILT AS
HOUSING UNITS.
HOUSING UNITS. THEY WILL NOT BE ONE SOLUTION
THAT FITS ALL OF IT.
IT WILL TAKE ALL OF THESE
EFFORTS TO TRY TO ADDRESS.
LORENZO: WE TALKED A LOT ABOUT
THE BAD COMEDY LACK OF
AFFORDABLE HOUSING.
AFFORDABLE HOUSING. BUT WHAT ARE SOME OF THE
BENEFITS?
BENEFITS?
BENEFITS? >> ONE IS THE DIRECT JOBS.
BUT IT IS ALSO IMPORTANT FOR
THIS REGION THAT THESE ARE JOBS
THAT ARE TIED MOSTLY TO
PRIVATE-SECTOR ACTIVITIES.
PRIVATE-SECTOR ACTIVITIES. AMAZON CHOOSING NORTHERN
VIRGINIA AND THE D.C. REGION AS
A HEADQUARTER SITE MEANS THAT WE
CAN COMPETE FOR SOMETHING OTHER
THAN JUST FEDERAL-RELATED JOBS.
LORENZO: GOOD