Posted on 07/27/2023 9:05:02 AM PDT by ChicagoConservative27
It’s a short, to-the-point story from a local Fox affiliate, but the news is jaw-dropping. The devastation Democrats have brought to the once-mighty city of Baltimore is about complete.
A mere eight years ago, in 2015, a 30-story downtown Baltimore building sold for $66 million.
Last month the same building sold for $24 million.
Another downtown building, which is currently the home of T. Rowe Price, was once assessed at $171.4 million. Today it assessment sits at about half that amount: $93.7 million.
(Excerpt) Read more at breitbart.com ...
Next up, every major Democrat run city.
i am reminded of an episode of “the shield” where the police captain intentionally lets the crime rate soar to depress property values
buys them up for a song
then cracks down on crime
we shall see
Kind of a natural part of the cycle of property values in cities.
Values are high > crime increases > rich people move out > values drop > poor people move in > values drop more > “urban pioneers” move in looking for investment opportunities > values rise > poor people can’t afford rents so they move out > crime decreases
Rinse and repeat.
this has less to do with the democrats and more to do with office space going vacant because people are not driving into the office anymore. but rather working from home. they got into that habit byo of the covid years
Covid and working from home changed all that. Millions commuting into some city just to sit at a desk with a computer when the same exact job can be done from their home, without paying for ga$, baby sitters, wardrobes, endless wasted hours commuting etc.
Trying to get millions of them to return to that expensive commuting nightmare would be like taking a MAJOR pay cut for all of them.
But they can still waste hours on stupid meetings and diversity training. They just don't get to experience the joys of diversity so much.
The first help to Baltimore ought to be to hasten its further decline greatly, offering help to anyone or any company wanting out of Baltimore. Baltimore will be left with its totally dysfunctional political majority. Then when it clearly cannot continue politically, a state takeover or what is left of Baltimore.
Ba’More is New Orleans without the music. Hopeless shithole.
(With the help of HUD, Catholic Charities, Lutheran Social Services, the State of Illinois, the Dubuque Old Family Money network, etc.)
The sheep there still think it is the Democrat Party that their alcoholic great-great-grandfather swore allegiance to. Wait until John Deere pulls up stakes and relocates... anything outside the miliionaires' cul-de-sacs will be Section 8 Hell with ultra-woke political kommissars managing everything.
C’mon. Baltimore has been a stinking cesspool for more than thirty years. They tried to boost the Harbor. But within five years that didn’t work. A modern Francis Scott Key would be applauding the destruction of the city.
Preach it!
Wrong.
Los Angeles is in a dead heat for it too.
Baltimore as well as D.C. were both crap holes in the mid 60s.
I’m going to guess you’re more familiar with downtown baltimore than I am. So you would know whether the buildings in question are in bad neighborhoods—or not.
Are the buildings in question in bad neighborhoods?
Those buildings are in the “urban core,” within a few blocks of “bad” neighborhoods but - like many cities - the downtown business district was largely deserted after working hours even before COVID. We lived IN Baltimore city 2007-17, in a racially mixed middle-class neighborhood (probably 60% black, 40% white). The city government is mostly dysfunctional with a bunch of corruption. A lot of the people are great - extremely tolerant of folks’ quirkiness. If you aren’t in the drug trade and mind your own business, crime is fairly uncommon - had one busted car window in 10 years and the change in the ashtray wasn’t even taken, just some copied CDs in the glove box [the thief paid his dues by listening to German techno].
i dined in the Locust Point neighborhood of Baltimore last Sunday night. It was wonderful and one could hardly acknowledge that one was in the heart of downtown Baltimore. Alas, it is a small island is a sea of crime and drugs and terrible schools and a city that its own leaders seem hell-bent on destroying. I see no recovery for Baltimore, nor do I see any for several other Dem-run cities. In none of them is there any political will to address the problems (largely self-created) besetting them.
Those buildings are in the heart of the business sector of downtown, just off the Inner Harbor and less than one half mile from Camden Yards. But.... roving gangs of youths travel through the area (particularly on summer weekend evenings), as well as your random street crazies, and they are only a matter of blocks from the projects. T Rowe Price has been threatening to move for years, due to the criminality employees face when they leave the building. The BPD has been cowed into inaction by the mayor and state's attorney because Gawd forbid they actually harm a black 'youth', or adult (see the Freddie Gray riots and prosecutions ((thankfully unsuccessful)) ). It''s a downward spiral and I don't see any correction coming. I truly feel sorry for good people caught in it who cannot get out. For the rest of the animals... wall it off and let them fight it out.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.