Recent comments in /f/baltimore

Ktktkt84 t1_j42wbem wrote

Mom and Pop landlorded in the city for 10 years and we’re getting out. We rented upscale townhouses in Hampden and even without a single problem tenant it was not worth it. The city taxes, insurance, cost of turn over and maintenance of 100+ year old properties. The 24/7 nature of landlording, the inevitable emergency while you’re on vacation or on Christmas morning. The conflicting interest of someones home as your business. I wouldn’t recommend land lording in Baltimore city to anyone.

Now what’s going to happen? Probably all/most of the mom and pop landlords with a few properties are gonna get out leading to less availability and increased rental prices. Likely more soulless big box slumlords managing the rest.

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NikkiRocker t1_j42oibj wrote

It is called the economics of public goods. Public space for most people is not seen as personal space. Therefore, they can abuse public space without feeling like they are devaluing something that they own.

I see the same thing in my personal neighborhood and am always picking up after others. It is aggravating!

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dopkick t1_j42kj51 wrote

There are always a number of homes for sale under $250K in desirable neighborhoods. This is objective fact that can be checked by realty websites. If you cast a wider net you can find plenty under $200K, although it won't be in Fed Hill and the like (but still not bad - think Pigtown). For a vast, vast majority of cities such a price point is absolutely unheard of. Baltimore has plenty of affordable housing. If your idea of affordable is in-line with prices of run down homes in meth addict-ridden cities that have been declining for 50 years, then yeah I guess Baltimore isn't affordable. But good luck in those places.

I also get calls. They're cold calling in hopes of finding someone who wants cash now and they can score a deal. It's not unique to Baltimore.

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StarkyPants555 t1_j42hqyg wrote

That's not true at all. Homeowner here. I get multiple calls per week asking if I want to sell my house. There are signs all over the city offering to buy homes cash, as is. Plenty of out of state property owners as well, just sitting on vacants and waiting for the neighborhoods to gentrify.

https://www.baltimoresun.com/news/investigations/bs-bz-baltimore-landlords-investor-homes-20221028-v5mmhm7aubbrbdw2zngmnjiuri-story.html

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Animanialmanac t1_j427x8u wrote

Do you mean receivership?

The city can’t repossess a house, a bank could file foreclosure proceedings and then file for possession if the property is mortgaged, most of these are not mortgaged.

Receivership is a long expensive process in the city. At the end of the process the city will own the property. The city also fails at maintaining the city owned vacant properties.

https://www.cbsnews.com/baltimore/news/baltimore-city-continues-to-grapple-with-vacant-house-problem/

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