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Reply to "Do we stay in DC or move to Baltimore?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. Thanks all! We have definitely contemplated renting out our condo and then renting a house in Baltimore. Perhaps we just haven’t looked hard enough but it feels like the cost advantages dissipate a bit in the rental market than buying? Perhaps because the Baltimore real estate market is soft? We can find apartments there pretty cheap but SFHs are significantly more expensive to rent than to pay the mortgage on (even factoring in the taxes, which we are very aware of). Still an option, but less appealing for a variety of reasons. So far, we’ve looked at Fed Hill/Riverside/Locust Point, Roland Park, and Hamden. Fed Hill has been most appealing because of my DH’s commute and because it feels most like where we live now. Roland Parks is most appealing for schools but feels pretty suburban to us. Hamden is a mix of the two and feels the most like an “up and coming” neighborhood of anything we’ve seen in Baltimore. We have looked at both Catonsville and Ellicott City, but again they might be too suburban for us. Even looked at Columbia because the schools are great but yes to the PP who mentioned it gets pricy fast. I don’t know, maybe this is a pipe dream? Starting to feel like our best bet us to stay in our condo in DC another 5 years or so, assuming we can figure out a school situation we can live with, and then reassess. It feels like there should be a middle ground (maybe Hamden?) but we just haven’t figured it out.[/quote] With the obvious caveat that I haven't a clue where you live in DC and that I think predicting home values in 10 years in a fools errand, if you want to avoid a suburban vibe--as you've noted, living within those more popular areas in Baltimore city that you list is a very, very different ballgame than living within the more popular areas in DC. We lived in Fed for years and when we return to visit friends, I am sad to see that the area looks more rundown. It may sound like I'm parroting some fear-mongering out there but restaurants/bars have closed, etc. because of upticks in crime. I think if you buy in Catonsville or Ellicott City (close enough to take advantage of each's cute downtown), you'll CERTAINLY see a return on your investment--but if those are too suburban for you, think you could be looking at a difficult decision. That said, the idea of being in a small 2BD with a kid located in an "eh" school district is worth a move to the 'burbs for me, but that is total personal preference. [/quote] OP again. I hear you. We have been back and forth on the suburbs many times over the last decade. I thought having a kid and my work moving remote would make it more appealing and I could persuade DH, but the opposite has happened -- with a young kid and WFH, the potential isolation of the suburbs now terrifies me. My DH will at least get to go back into an office post-Covid, but I won't, and my work is very independent, so I can sometimes go weeks without actually talking to someone on the phone for work. Being in a place where we can walk to playgrounds and coffee shops and bars and just be around people a lot of the time has been my lifeline the last couple years. Covid is obviously different, but I think what I've learned is I'm a city person, through and through. I'd do anything for my kid though, so if we can't lottery into a better school, well, as long as I can walk to a Starbucks I'll make it work![/quote]
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