Before trump came back the 2nd time and started trade wars and regular wars all over the place and jacked the economy I really thought baltimore was doing the things that would make it turn a corner finally. The waterfront has been completely redeveloped with billions in investment, the brand new massive under armor hq campus was built, then you have a few of the big public housing projects that are right in the area of downtown being completely redeveloped like perkins square into new mixed income communities which should have a massive impact on the look, feel, and real world safety/vibrancy of the area around the downtown core. That plus there has been a decent amount of new rowhouse condo developments around the city filling in some old scars. It really was looking like it was gonna happen.
In the northeast corridor every single city except baltimore really, has grown massively over the years and in turn gotten extremely expensive. Baltimores dirt cheap housing and location in the northeast megaregion really means that eventually it should be inevitable that it caught some of that fire. It really seemed like the massive new developments/jobs and new investments combined with the existing cheap housing stock was going to be a killer combination for ppl to be able to afford to live in a part of the northeast corridor. It seems like it should be inevitable it eventually pops. I hope that eventually it does finally turn around. I wouldnt want to see housing prices explode like so many other cities, but if it could stay as a cheaper alternative just improved compared to where it is that would be great to see.
The level of housing you can get for the price its so tempting to try to make it work down there.
Historic waterfront condos for $222k
High rise condos with views of the harbor $149k
More views to the harbor from your living room, plus huge balcony $299k
Rowhouses that would fit in the south end $250k
Back bay level rowhouse with even a garage in back 289k
From Billy Don Schaeffer to Kurt Schmoke to so many others after - - I’ve seen a lot of “Baltimore is coming back” slogans.
Markets are efficient. There’s a reason for the those prices. I’ve lived in SW Baltimore, Catonsville, Ellicott City and now upper Montgomery County. I’ve been Charlie Brown thinking about kicking that football held by Lucy for over 38 years. The state prostrated itself for Baltimore by building two ridiculously expensive stadiums downtown - it never changed the trajectory, but saddled the public with more debt.
The only way the trajectory will change is if several tens of thousands of people (educated, high tax payers) do what you propose about getting those relax estate bargains.