It's getting more expensive
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3/3/2006
Baltimore, like most other places, is experiencing a dramatic rise in the cost of housing. I bought a small 3 bedroom house in Parkville for $118,000 in 2003 and sold it, just a little more than two years later, for $179,000. Up here in the Waltham/Watertown area of Massachusetts, where I now live, that same house would cost around $450,000. What I sold my house for would hardly be enough for a down payment up here in Mass.
I believe, though, that housing is still, relatively speaking, cheaper in Baltimore in most major metropolises. Probably not for long, however, as federal workers, priced out of the D.C. area market, are coming to Baltimore to buy housing, helping to drive up the prices. The train traveling to and from Baltimore and D.C. takes only an hour each way.
Frank | Waltham, MA