Monday, July 29, 2019

TKC BREAKING AND EXCLUSIVE NEWS!!! SOUTH KCMO AND JOCO FEAR HOUSING REAL ESTATE DEVASTATION AMID UPCOMING SPRINT 'MERGER' DEMISE!!!



Recent regulatory approval for the Sprint merger with T-mobile sparks fear of the local economic impact that will follow inevitable job cuts which, in turn, TOP ECHELON KANSAS CITY AREA REAL ESTATE INSIDERS AGREE will ignite a Johnson County & Southland real estate sell-off.

To wit and just to make it plain . . .

LOCAL REAL ESTATE LEADERS WARN OF IMPENDING HOUSING MARKET DEVASTATION IN THE AFTERMATH OF UPCOMING MASSIVE SPRINT LAYOFFS!!!

Local MSM attempts to keep locals stupid on the broad and far-reaching impact of the Sprint merger but it's a deal that threatens to change the character of the metro far into the future.

Here's the word from the BRILLIANT TOP ECHELON REAL ESTATE LEADERS who make local markets . . .

"From my perspective, what everyone is missing is the housing impact of the Sprint layoffs. Sure, KC might be able to absorb the jobs cuts but the empty houses that will result aren't going anywhere. A lot of people will move to find work or be forced to downsize. Sprint still has around 6,000 workers in Overland Park with several more contract workers. That's a lot of real estate and it represents what could be the biggest housing glut that Johnson County has ever witnessed . . ."

There's a bright side here, as prices rise in Kansas City, the Sprint vacancies might offer an "affordable" alternative destination.

And so . . .

THE GOLDEN GHETTO SHOULD EXPECT ANOTHER MASSIVE INFLUX OF KANSAS CITY RESIDENTS LOOKING FOR AFFORDABLE HOUSING LEFTOVER FROM SPRINT WORKERS MOVING OUT!!!

I'm sure we can all get along and places like Overland Park & Lenexa will welcome an influx of demographic, economic and cultural diversity that KCMO residents will bring to their community.

Meanwhile, what we know for sure and what every other local media outlet is afraid to mention is this: MASSIVE JOB LOSSES FOLLOWING THE SPRINT MERGER ARE ASSURED IN OVERLAND PARK. This is a fundamental fact proven over and over again during similar mergers. Sadly, KC area media are working to downplay the MAJOR ECONOMIC HIT ON THE WAY as they FAIL to keep the public informed about the important economic developments that will impact housing across the metro.

Developing . . .

24 comments:

Anonymous said...

Too bad.

I guess the KCMO creative class didn't come up with any great massive company to replace those jobs or buy out Sprint locally. That sucks because what going to happen in JoCo looks like it's going to be a new local ghetto.

It was fun while it lasted.

Anonymous said...

I like your headline T but this one is more fun: Meet your east side neighbors JoCo.

Just trying to help.

Anonymous said...

Too much doom and gloom, it is a bright and sunny day. This is actually good news for people who need better housing, jobs and good schools.

Sacco said...

^^^ you dolt.

That's the point. A huge wave of KC residents are going to take those houses and schools and turn them into garbage. It won't even take 5 years and it's already happening. That's why there is already more crime in Overland Park. Think before you write a comment, dude.

Anonymous said...

JoCo (the South part of the County) will continue o suck jobs out of the KCMO area for many years to come. They just have to figure out how to get the KC taxpayers to fund it.

Merriam Crochet Maker said...

Everything is going to be just fine! The chamber of commerce told me so and I believe them, they seem like such nice young men in those fancy suits.

Anonymous said...

It may get so bad that they'll only get $250,000 for one of the $80,000 "Tackyshacks" they're throwing up (vomiting?) in the "Mushroom Villages" in JOCO.

Vanzetti said...

Pay no attention to "Sacco" @9:18 - he's just in a bad mood, his hemorrhoids were acting up last night and he had to cancel all four
"dates".

Anonymous said...

You need to know this is no longer the Sprint of the 80s and 90s. It is a shell of what it once was. Gradually t mobile will cut the OP campus numbers down. It is not like thousands will be fleeing the KC metro all at once.

Anonymous said...

Is there any guarantee that all 6,000 will be laid off? Let's say only half are laid off.

That's 3000. Any many of those will probably find different jobs in the area. Most people at sprint have know this is coming for years so that'd probably already have their the plan in place to either stay, have a second incomer pay. Basically the only people left at sprint are the dumb asses who haven't gotten out yet. Many of these could be renters and I'd say it'll influence the rental market moreso than the housing market. People aren't eager to give up their houses and will fight to keep them.

Anonymous said...

Johnson county only came about because of sprint, live by the sword die by the sword

Anonymous said...

Anonymous Anonymous said...

And the HOUSE FOR SALE signs just went up all over JoCo and the housing market just went down the shitter. Real estate agents must be lickin' their chops. Now they have lots of houses but no buyers. Mortgage holders are looking for a tall building to jump off of.

7/26/19, 3:41 PM

Tracy Thomas said...

The Universe abhors a vacuum. This shift will resonate and shake up more zip codes than you might imagine.

The second disruptor force, like the aftershock of Sprint's Earthquake, is Frank White Flight, c. 2019, Tracy Thomas.

Already, smart homeowners in Hyde Park are boxing up and planning moving sales. Especially northern Hyde Park, closest to Armour Blvd. Because the city has permitted a big ass developer to get permits to build 1000 small apartments at Armour and Troost. With just 6/10ths of a parking space apiece! Cray cray. So all the side streets in charming Hyde Park will be crammed with apartment dwellers parking in front of their homes. Encroaching into the driveways, cuz millenials cannot parallel park, we all know that.

Combine that annoyance with Frank's Big Idea: jumbo reappraisals all in one year? Time to decamp to the Blue Valley School district, where all those Sprinters are selling at a discount.

Win/win.

Thank you, Mr. Johnson County 2019--Frank White! You have rescued Joco from a micro-emergency and diluted this tech oil spill to the southern metro half of GKC.

Let the NPR Listener's Diaspora commence.

Bruce Krigel's Mammoth Estate Sales is gonna have a banner three years!

Super Dave said...

In the neighborhood of about 300- 500 people will lose their jobs if even that many here in Kansas and Missouri. But it isn't just Sprint employees it will be T-Mobile as well. Most of those jobe will be in the retail side of things as a number of stores will merge or be closed. California is where the largest impact will take place in layoffs. If the numbers were posted monthly of who lost jobs here in the greater Kansas City area it would be more scary than what will happen here. Jobs stop being and new ones start up all the time. So those of you expecting cheap moving sales and housing costs to drop drastically I'd suggest you find a new supplier for your weed. The stuff they are selling you now is giving you hallucinations.

Anonymous said...

Blue Valley will become a slum. Pride comes before a fall

Anonymous said...

More laypffs? Thousands losing their jobs??? MAGA!

Anonymous said...

The media always love to focus on what's happening with the big corporations, but the vast majority of employment in the KC metro is with medium and small companies.
That's why the ups and downs in the local economy are always smaller than in other areas.
Johnson County won't feel much of an impact, because, as others have said here, Sprint is much much smaller than in was when it originally moved to the campus.
Minor bump.
And most folks will find jobs locally.
And the campus is already owned by a company that's been working on leasing space for quite a while.

Anonymous said...

Losing the Sprint jobs will not all happen at once. Winding down a corporation can take a year or more so while not a great thing not horrible. the people at Sprint are for the most part tech savvy and college educated and will land on their feet. Many will find jobs that pay more salary and have better benefits too, and those jobs will be here for the most part.
What worries me at this time is the attitude of City and County executives. They are losing millions of dollars of valuation on commercial properties that they have valued on the building and sales of the occupant company. Where they are most worried are store like Walmart's, Targets. Loews, Home Depot and Menards. They have commented that they will just need to raise residential mill levies to get the property tax dollars they never did deserve to have from the big box stores. They added to the demise of big retail in the county but they see no need to adjust their budgets when they can soak the residential property owner, so completely unfair. Every Mayor of every city and every member of the County Commission and every board member of every taxing jurisdiction should be on notice that they need to fix this problem before it hits residential mailboxes or suffer the consequences. This ain't no Jackson County Missouri!

Anonymous said...

11:11, you forget that JoCo is stressing financially due to (1) much less sales tax revenue, and (2) inability to assess big box store properties as going concerns. Unless these two problems are resolved, JoCo is going to have to choose between running a smaller government and raising property tax levy rates, including on residential properties. Which one do you think they will choose? Maybe JaCo residents will flee to JoCo today and back to JaCo tomorrow!

Anonymous said...

The KC area went through this before when the Richards-Gebaur air force base was closed probably 35+ years ago. Lots of upper and mid-range houses were owned by air force families who were required to transfer to a different base. It took 4-8 years to catch up with that glut of homes. Officers owned upper bracket homes, enlisted owned middle bracket. Johnson county and Jackson county were most affected. I had a family member in the house market who made a low ball offer on a bigger house than he needed in south KC by the base. Bang - his offer was accepted within an hour. Home owners leaving were panicked they would be left with no buyers. Real estate agents loved it.

Anonymous said...

Big chance to open up nice areas to section 8 diversity with large fatherless families of non readers. Lowering standards is the Democrats plan.

Anonymous said...

I could give less than 5 shits what happens in Johnson county!!

Anonymous said...

Skylar Ridge apartments on Metcalf will soon be empty. All the Indian consultants on H-1 visa work permits live there. Its so close to the Sprint Campus they can walk to work. We all knew Sprint would fail after the ION project fell apart. Bill Esrey had no idea what he was doing.

Anonymous said...

So the throngs of H-1 visa Indians that have become so commonplace in Overland Park (or "New Mumbai") will have their visas revoked and they will be forced to go back to India? Aside from traveling in large groups to Target and Best Buy in large groups at 8 pm every night, what else is there for them to do in KC? Garmin? Plus, don't most of them rent? How would that affect home prices?