Originally posted by @Ned Carey:
@Account Closed and others I actually do work the Baltimore market full time. I see a lot of really good
Sure Ned, I am sure buying those vacant buildings is a felony... I just have to buy yours right? :)
Someone sends me a picture of what seems like a 32 to 36 unit apartment, at the very least I need to know if its zoned for a certain use or located somewhere that could make sense.
Good to know about Baltimore's population; it seems they say its a sprawl issue. Population is just one factor affecting price but if Baltimore's housing price has been growing at a rate of 4.8% for the last 40 or so years...regardless of population trend, what does that tell you about the impact of its population issues?
If they fixed the bleed, it would be growing a higher rate. Perhaps they have the wrong team planning its future... how else do you explain a net of 293,000 people evaporating from a town in 45 years. Perhaps they've got the LA rams doing city planning for Baltimore? That might explain it :)
But is a -0.7% decline in population abnormal? Its cost them economically -- really sad. If it had grew at a meager 0.7% per year during same period, it would be a town of 1.1 million today.
There are towns with 10,000 people or less but average property values in excess of $1,000,000. Its not just population but supply and demand, inventory levels, land etc... between 1970 and 2015, San Francisco grew by 0.47% per year... do we then say thats what is driving SF prices? That is a no!
