Reply to Buying in Baltimore and commuting to Fort Meade

Forum Index » Real Estate

Reply to "Buying in Baltimore and commuting to Fort Meade"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would not spend that amount of time in a car, nor would I sink my money into Baltimore real estate.  They are another riot away from further depressed prices.  Why not rent closer to work? That whole area is inexpensive.[/quote]

OP, do not listen to people like this. Baltimore has plenty of nice neighborhoods, many of which have appreciated in price since Freddie Gray.

Here's a home that is right across from Riverside Park and within waling distance to the $1B+ Port Covington development, which will house the new Under Armour Headquarters. This would be a reasonable commute to Fort Meade:

https://www.redfin.com/MD/Baltimore/1741-Covington-St-21230/home/11020476

This will take some sweat equity, but it would be worth it once Port Covington comes around. Here's a home that sold two blocks away to give you a frame of reference about what stuff sells for when it's fixed up:

https://www.redfin.com/MD/Baltimore/1532-Covington-St-21230/home/11885715

[/quote]

OP cannot afford any of this.  I'd rent on Ft. Mead until you get more money saved.  They allow contractors on base housing.[/quote]

If OP got a roommate they could definitely afford this. The PITI is $1,800 / month.[/quote]

OP is in his early 30s. He may not want a roommate. I'm not sure if he'd get approval with only 15k down.

The Pigtown options are much better for his financial situation. I do think he could make it work. Pigtown is right off the entry into the city and depending on his hours the drive doesn't have to be that bad. Pigtown also offers more room for appreciation, methinks, as people are being priced out of Fed Hill/Riverside and are now starting to look into Pigtown. The area, while not perfect, has cleaned up quite a bit compared to a decade ago. 
[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics