All true. This program is a way for the city to pass off its responsibility of the extreme abandoned property problems to someone else. I’ve lived in Bmore 55 years & only seen the $1 house program work for investors when they have the inside scoop on upcoming areas slated for radical gentrification. For instance, Fells Point, Canton & Federal Hill neighborhoods were slated for gentrification in the late 70s with the announcement of coming Inner Harbor development. Property in those run down neighborhoods were worth under $10,000. Today those neighborhoods are occupied by Doctors and lawyer and some of the cities most coveted properties ranging from $350s to $700,000.
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Good video I’m just a regular person and this good information
🙏🏿🤝
All true. This program is a way for the city to pass off its responsibility of the extreme abandoned property problems to someone else. I’ve lived in Bmore 55 years & only seen the $1 house program work for investors when they have the inside scoop on upcoming areas slated for radical gentrification. For instance, Fells Point, Canton & Federal Hill neighborhoods were slated for gentrification in the late 70s with the announcement of coming Inner Harbor development. Property in those run down neighborhoods were worth under $10,000. Today those neighborhoods are occupied by Doctors and lawyer and some of the cities most coveted properties ranging from $350s to $700,000.
Thanks for the heads-up. Can the equity in my home be considered rehab collateral?
Good info
🙏🏽