Sunday, October 16, 2005

Baltimore Open Houses tomorrow


Tomorrow, I am off to Baltimore,to check out various neighborhoods. A friend and I will be visiting open houses there. The Baltimore area has experienced 22% 1yr appreciation and 83% price appreciation in the last 5 years ( OFHEO Report September 1, 2005) .

Baltimore is a bubble market. A neat report on my field research will follow. :-) On the left is a picture of house in the Federal Hill neighborhood.

2 comments:

  1. ha ha ha! it's going to be quite humorous to see the "investors" up there get crushed. i was just up there today. they've got the WORST traffic ever. EVERYTHING is run down, too. i think you'd have to have a hole in your head to live up there.

    i haven't really done the work to see what the "rent to buy" ratio is, but given the appreciation up there, i'd bet it's pretty low.

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  2. Looking forward to your report... if you come back alive.

    Baltimore was a great city even into the 1980s and parts held out into the early 90s. It is a disaster now. Nothing "real" has happened there, but there is a lot of renovation going on. It'll be interesting to see what you find.

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