Friday, December 16, 2005

Speculator Shenanigans in Baltimore


Baltimore is bubblicious. Check out the Craigslist Baltimore Real Estate Section.

How about this post:

$11900 - West Side Rehab opportunity ARV $70K
"Great Rehab in upcoming sandtown -This 3 bed/1 bath rowhome offers a medium to light rehab with duct work, furnace and hot water tank already in place. Estimated cost of repairs $5K. This unit can be rented for $850/month or sold after rehab at $75K"

Really? If this is really such a fantastic money maker, why are you selling at this price?

It is too good to be true. Healthy skepticism.

2 comments:

  1. It looks from the photo like the houses on either side are boarded up. This is never a good sign. But you've gotta love the formstone.

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  2. There is no such word as bubblicious - but I know preciselously what you mean

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