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.