bebo1998 wrote:
Baltimore had lotteries for $1 houses - had to stay with orig owners, be occupied in a stated time frame, etc. But it worked! Some of those neighborhoods got very chi chi. However, some neighborhoods that used to be lovely are occupied by (fill in the blank) now and they are getting shabbier each year. I live in the neighborhood I grew up in, and it breaks my heart that I may have to move before I go out horizontally!
Know exactly what you are saying. St. Louis had a program a few years back where you could buy an abandoned home for pennies on the dollar....had to rehab them in an allotted time period. But it kind of died off and I haven't heard about it for years now. St Louis has it yuppie neighborhoods, but I think many of the residents go into them with blinders on and not knowing what they are really getting into. I joked with my son a few years ago that we could move into the city, but I didn't want to shoot my way in and out of the house everyday. The Soulard and Dog Town neighborhoods are still livable, but they are rapidly declining. The Hill area is still occupied by many old settled Italian families and seems to be holding its own. I would love to live in Dog Town (Irish) but there again, you would never recoup the cost of a house there, or in Soulard. Both are surrounded by areas that no prudent man or woman should be in without being armed.