Sunday, March 27, 2005

Short Memory In Baltimore

The Baltimore Sun is running a story about the boom in home prices and rehabs. The writer paused to mention the "slump" that followed the last bubble.

"The city has a love-hate relationship with investors, though. Speculation during the real estate boom of the 1980s - particularly from out-of-town buyers who thought anything cheap was a deal - helped push the city into a real estate slump from which it only recently recovered."

"Low-income residents making their first foray out of renting were victimized. So were other investors, people hoping to be landlords. But Baltimore officials say it's different now."


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