In a bid to breathe life back into its beleaguered neighborhoods, the city of Baltimore is rolling out a groundbreaking initiative: selling boarded-up homes for a mere dollar each, according to Bloomberg.
Mayor Brandon Scott is spearheading this plan, aimed at tackling the city’s longstanding battle with crime and urban decay.
With more than 200 city-owned vacant properties up for grabs, residents willing to roll up their sleeves and restore these homes to their former glory are being offered a once-in-a-lifetime opportunity.
Still, with nearly 15,000 abandoned properties blighting Baltimore’s landscape as of 2022, according to city records, the road to urban renewal remains long and arduous.
I just bet the buyers of these $1 homes will really do a lot of rehab on them! LOL
If they don’t, they lose them back to the city. It sort of worked 40 years ago, but it’s become so ghetto that what gets fixed and installed today gets destroyed or carted away tonight.
I lived in Philadelphia in the late 1960’s. My father, who was in construction, bought a home in the “hood” for 1 dollar. All tools and materials were stolen many times. He gave up. City tried to sue him for over 10 years for over inflated property taxes. Not one home on that block was a successful remodel/rehab. City eventually razed the whole block which is today a weed and trash infested eyesore surrounded by other rundown worthless homes in the “hood”. If it sounds to good to be true…….?