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Real Estate
Reply to "Living in Philadelphia or Baltimore?"
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[quote=Anonymous][quote=Anonymous]The brownstones in even the “nicer” areas of Baltimore have not appreciated in 15 years. Philadelphia would be a safer investment. [/quote] Well, my place tripled in price in 20 years, which works out to be about 6% per year. Not crazy good, but not terrible. As I said, it's not a place for real estate speculation, but if you're looking for an affordable place to live with some great housing stock, it's got a lot going for it. Live here because you want to enjoy your life here, not because you're hoping to make a DC-style killing on real estate. That won't happen. It's a much cooler market, and the thing about cooler markets is that they're cooler. Incidentally, "15 years" takes you to the height of the housing bubble in 2006. A lot of properties, even some in DC, are only now recovering their 2006 peak prices. It's not a very useful data point to choose.[/quote]
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