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Reply to "Living in Philadelphia or Baltimore?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Tell us how much you want to spend on a house so we can post links! I love showing people what their money can buy them in Baltimore. Their eyes usually pop. Yes, the taxes are high, but not high enough to offset how much cheaper real estate is. Post a range, OP![/quote] Hard to say, but maybe $500-900k in today's dollars. Big range, but would depend on how much cash I put down.[/quote] I know less about the RE market in Philly, but you can live like royalty in Baltimore. Waterfront view and 2400 sq ft in Canton? Sure. 3000 sq ft hypermodern? Sure. If you like old fancy buildings that's a whole different story and you could be very, very happy. Now, don't expect appreciation like you see in DC. The reason everything is reasonably priced is that the market isn't that hot! Having said that, my place appreciated 5%/year, which is better than a poke in the eye. Buy here not for speculative reasons but because you find someplace you'd enjoy living. City taxes are very high, which makes some DC-lovers howl and clutch their pearls. But the prices are low enough to largely compensate. In any case, it's easy enough to crunch the numbers and see if they make sense for you. Round up and factor in 2.3% city taxes. If you want to live in the county they're much lower, but not a lot of 25 year olds dream of living in the 'burbs. My top two reccs for young people would be Canton and Hampden. You might not want or need this much space but it's a cool home: https://www.redfin.com/MD/Baltimore/3424-Woodberry-Ave-21211/home/40132750 I have been to that pool and it is to die for. Seriously. An excellent nearby restaurant does poolside service and it's divine. [/quote]
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