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Old 04-17-2011, 06:28 PM
 
201 posts, read 519,478 times
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Westport is more like 5-10 years out than 2-3.
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Old 04-18-2011, 05:45 AM
 
708 posts, read 1,143,802 times
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Quote:
Originally Posted by ltong1009 View Post
Westport is more like 5-10 years out than 2-3.
It looks like you are right. I drove by there yesterday in the daylight briefly.

Big changes coming on the Westport Waterfront

There were 2 murders there in 2010 from what I can see from the City Paper's stats.
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Old 04-18-2011, 08:25 AM
 
Location: Squirrel Hill
1,350 posts, read 3,157,145 times
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Westport's success is not a foregone conclusion. Although there is reason to be optimistic about the prospects of that area over the next 10 years or so, its far from a guarantee that it will *ever* be anything other than the dump it is today. Baltimore is not still rapidly gentrifying, for better or worse its a relatively slow moving city that was the only area of MD that lost population during the last 10 years (per the census).
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Old 04-18-2011, 11:45 AM
 
Location: Portland, Maine
4,180 posts, read 13,026,375 times
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Because of our recent economic downturn, all cities have taken a dump. Baltimore lost 4.6% while Pittsburgh is down over 8%. Other cities have also experienced decreased pops.

But, all that aside, I would not invest in Westport until the big guns start going on their projects.

This is what I mean by the "big guns" : http://www.baltimoresun.com/news/bs-...211,full.story
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Old 04-18-2011, 01:15 PM
 
Location: reservoir hill
226 posts, read 299,341 times
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if you wanna make money better to get in early, this city is changing, whether it be fast or slow is up to interpretation...the problems the city needs to address takes a substantial amount of time to fix but the city has been moving forward even though statistics dont show it...many of the bad neighborhoods i grew up in have changed for the better or are in transition and are making investors profits already
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Old 04-18-2011, 02:08 PM
 
708 posts, read 1,143,802 times
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Quote:
Originally Posted by jonjj View Post
Because of our recent economic downturn, all cities have taken a dump. Baltimore lost 4.6% while Pittsburgh is down over 8%. Other cities have also experienced decreased pops.

But, all that aside, I would not invest in Westport until the big guns start going on their projects.

This is what I mean by the "big guns" : City leases six-acre waterfront parcel to developer for free - baltimoresun.com
I am checking out Cique du Soleil, Totem this week. I will let you know if I encounter any gun fights
I couldn't imagine anyone living there right now. It is pretty bad from what I saw.

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Old 04-19-2011, 07:28 AM
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690 posts, read 1,630,477 times
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Originally Posted by eav1221 View Post
Damn. So a SWF such as myself looking at homes to buy should probably stay away for now huh?
buy and hold. that's what i'm doing. you can make a new development anywhere but you can't make a new waterfront anywhere. in about 4 years from now, you will see a drastic change.
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Old 04-19-2011, 07:49 AM
 
708 posts, read 1,143,802 times
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Originally Posted by (-) View Post
buy and hold. that's what i'm doing. you can make a new development anywhere but you can't make a new waterfront anywhere. in about 4 years from now, you will see a drastic change.
I had a good friend that bet on that area and lost badly.
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Old 04-19-2011, 09:40 AM
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690 posts, read 1,630,477 times
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Originally Posted by dshawg1 View Post
I had a good friend that bet on that area and lost badly.

guess he didn't have a good strategy. my investments are looking pretty good right about now.
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Old 04-19-2011, 12:30 PM
 
775 posts, read 1,537,379 times
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Quote:
Originally Posted by dshawg1 View Post
I had a good friend that bet on that area and lost badly.
I agree. Buying and holding in a dying city is a strategy for failure. Even so called "waterfront" properties in Baltimore have a different meaning than in say, Anne Arundel County. Baltimore's "waterfront" is a filthy, smelly sewage dump.
20K-Gallon Sewage Overflow Enters Baltimore*Harbor 20K-Gallon Sewage Overflow Enters Baltimore Harbor CBS Baltimore
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