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We were thinking of buying investment property in Baltimore; it seems to be one of the few places around where deals can still be had. Using MLS system, I've found $50k townhouses in Patterson Park that have been renovated. (I'm told that Patterson Park is a good place to live). I've also found 3 bedroom detached housed in the College of Notre Dame area for under $150K even $125K.

Why are places so "cheap" in Baltimore? or a better question is, Why are there so many places up for sale? Is Baltimore really an up-and-coming city?
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