With Mayor Brandon Scott’s announcement of a comprehensive plan to alleviate severe housing vacancies, Baltimore stands at the cusp of transformation with impending multibillion-dollar investments. But the mayor’s announcement might have unintended consequences. Working inside the housing market are a great many speculators who will aim to increase their holdings in neighborhoods with high vacancy levels. The risk from speculation threatens the very communities these investments aim to uplift.
Speculators likely to complicate city’s plan for vacant houses
January 3, 2024