patrick.net

BayArea says

Investment property on the perimeter is very tempting.

Probably too late. Two layers. One is this is publicity and a factory won't even get built. Two, all the big players in property already knew about this in the region. I've seen it happen a bunch. News is a lagging indicator. Everything worth buying up is already accounted for and is going to be held.

DooDahMan says

while doing massive stock buybacks instead.

Intel is doing stock buybacks? You wouldn't know that be looking at their stock price.

WookieMan says

BayArea says

Investment property on the perimeter is very tempting.

Probably too late. Two layers. One is this is publicity and a factory won't even get built. Two, all the big players in property already knew about this in the region. I've seen it happen a bunch. News is a lagging indicator. Everything worth buying up is already accounted for and is going to be held.

Some years back, I think 2015 ish, I posted on here about buying homes in the Reno NV area around where the gigafactory was going to be built (Fernley / Sparks / East Reno). I researched how many housing units were within commute distance, typical home sales per year in the area, and how many jobs were being added. It felt like the additional housing demand from the new jobs would be enough to influence prices nearby.

I wanted to, but didn't buy due to being too busy/lazy. But prices appreciated solidly after that. It's hard to say what prices would have done without the gigafactory, as prices pretty much went up nationwide during those years. But I just spot checked a few SFHs in Fernley and they 2-3x'd since that time. Not the only place in the us to see such gains, but still excellent.

I did this maybe a month or 2 after they publicly announced the factory location / jobs / salary etc... I don't recall seeing a spike in home prices at the time, although I never checked volume - maybe the best deals were scooped up by then, but the remainders were still good deals.

https://www.theverge.com/2022/1/22/22895447/intel-ohio-chip-fab-manufacturing-cpu-processor-explained

Does anyone know where to find RE price charts by area / zip code? Zillow used to give them by zip, city, and neighborhood, but no more.

edit - realtor.com and redfin have some charts.

At first I thought "aha, 10% price spike this year might be due to the factory" but even far away in west columbus I see the same price action.