When you can't afford Philly...... (Camden: real estate, rental, crime)

[MoorestownResident]

Originally Posted by DailyJournalist

The waterfornt is improving greatly and I was there last weekend for the ball game and it was far from empty. With time the Camden waterfront will be very valuable. You really dont think that these major companies that keep investing millions of dollars there are doing it for nothing.
Camden Waterfront

Agreed, they don't know what they are talking about. The waterfront area has nothing to do with inner city Camden at all. There are substantial plans for development especially on the Philly side. Those buying waterfront condos today could be very happy in 10-15 years if they stay there. Plus Cooper is spending more than $250 million expanding its HQ, plus the $1-2 billion the state is spending, plus other private investment, all of that is only going to fuel demand for professional housing nearby. Those waterfront condos will only appreciate over time.

[njguy]

Originally Posted by todd72173

I wouldnt touch Camden with a 10 ft pole. Even the name Camden should be condemned.

Maybe if it's renamed "Kramden" like Ralph Kramden that the current "nutcases" there will think they're in the wrong place and leave.

[DailyJournalist]

Getting back on topic. Campbell's is spending 90 million dollars expanding their headquarters in Camden and building a office park in the city.

Campbell's asks Camden to acquire, raze Sears Building | Philadelphia Inquirer | 06/25/2009

Campbell Soup building in Camden gets final beam - NJ.com

[subwayfan]

Originally Posted by TightButLoose

Do people consider Camden? I'm just wondering who's buying those luxury condos I read about in another post.

Thank you

I didn't know there were luxury condos in Camden. Where did you read that?

There is one luxury apartment building (rentals) there for sure.

Those that can't afford Philly (most can though), but those that want better schools and choose to be in NJ, AND want to be within 30 mins of Philly, choose any town from Pennsauken, Collingswood, Haddonfield, Cherry Hill to Voorhees. Clementon and Blackwood are also there but somewhat downscale, though Blackwood has the Camden County college campus. Collingswood is supposedly coming up, Pennsauken is somewhat mixed and serves as the Camden to Cherry Hill buffer, Haddonfield is close knit and a bit waspy, Cherry Hill is more diverse but spread out suburbia and not walkable. Somerdale is somewhat between Voorhees and Clementon in upscaleness.

In BC county, there is Maple Shade, Marlton or Mt.Laurel. Marlton and Mt.Laurel is about 40-50 minutes with traffic and is spillover growth (imo) of Cherry Hill, since there were very few new homes built in that town after the early 90s, and CH didn't allow much township growth through infill.

[DailyJournalist]

Originally Posted by subwayfan

I didn't know there were luxury condos in Camden. Where did you read that?

There is one luxury apartment building (rentals) there for sure.

The Radio Lofts and East Village are the current projects and the Victor Lofts is already open.

Victor Lofts

Dranoff Properties

Dranoff Properties

[subwayfan]

Originally Posted by DailyJournalist

The Radio Lofts and East Village are the current projects and the Victor Lofts is already open.

Victor Lofts

Dranoff Properties

Dranoff Properties

Ok thanks.
It could be the developer got the land for cheap or got some abatements that these residences came up.
I know some shady parts of Baltimore that now have luxury apartments (and some condos).

It seems they are betting on the PATCO line to be the main lifeline for those residents who'd choose to live in the luxury apts. in Camden.
Wait till they see the Broadway and City Hall stations, and the general mass of ppl that board them, 1/3 always seem poorer than the Philly poor.

Spend daily on PATCO, but pay less in income tax (by not being a Philly resident, less wage tax if working in Philly).

Seriously though there are very few Rutgers Camden MS grad programs - and none are superior to the Newark/New Brunswick options, so I don't think the area has an active grad student population above 22.

And a lot of white collared Camden employees already do the reverse commute - work in Camden and live in Philly and are happy with that, except the wage tax.

Those (white collared) with kids stay clear of the urban living of either city unless they choose private schools.

I wonder how many could stand working AND living in Camden though.

[DailyJournalist]

Originally Posted by subwayfan

Ok thanks.
It could be the developer got the land for cheap or got some abatements that these residences came up.
I know some shady parts of Baltimore that now have luxury apartments.

It seems they are betting on the PATCO line to be the main lifeline for those residents who'd choose to live there.

Spend daily on PATCO, but pay less in income tax (by not being a Philly resident, less wage tax if working in Philly).

Seriously though there are very few Rutgers Camden MS grad programs - and none are superior to the Newark/New Brunswick options, so I don't think the area has an active grad student population above 22.

And a lot of white collared Camden employees already do the reverse commute - work in Camden and live in Philly.

Those (white collared) with kids stay clear of the urban living of either city unless they choose private schools.

I wonder how many could stand working AND living in Camden though.

Dont forget the medical facilities and medical students and the law school.

[subwayfan]

Originally Posted by DailyJournalist

Dont forget the medical facilities and medical students and the law school.

A lot of those medical students/residents and law students choose to live in Philly though (reverse commute), esp. if they choose not to keep a car. There isn't much cost savings living in Camden.

Keeping a car in Camden makes no sense, with high NJ insurance and parking costs. If they want a car, they live along PATCO east of Camden. So either way they are heavy dependant on PATCO. I suppose if you live and work in Camden, you save by not having to pay PATCO daily. But then where does one get food, or even have a social life. Most of the law/med school students just rack up the debt, and aren't earning much (so wage tax issue is irrelevant).

[FlyersFan]

Originally Posted by todd72173

I wouldnt touch Camden with a 10 ft pole. Even the name Camden should be condemned.

Agreed.......living in or near Camden is not worth your life whether by bullets or pollution.....I just turned in a proposal to an environmental agency to remediate a "test" home ear an abandoned manufacturing facility on Front Street for Tetrachloroethane........seems spillage over the years has leaked underground and polluted the ground for blocks around the facility.

[twista6002]

I'd try somewhere else. Honestly, block for block, Camden might be the most dangerous place in America.