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AreWeCowabunga t1_j9flhed wrote

Reply to comment by Responsible-Type-392 in How much would it cost and what is the process to rehab a totally vacant home? by k032

Yeah, there's really not a huge financial upside to rehabbing a vacant vs. starting over from scratch. It's one of the reasons the vacant problem in the city is so intractable. It just doesn't make financial sense to rehab them.

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Typical-Radish4317 t1_j9fssvy wrote

It's why the city shouldn't let people sit on vacants and should absolutely have programs that keep people in houses. Making cosmetic changes is a heck of a lot cheaper than a complete tear down

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DoNotWeepAtMyGrave t1_j9g1h5x wrote

There are 14,000 vacants in Baltimore. You’d expect the city to front the cost to repair them? It costs $15k to demolish them and $100k to make them habitable.

Say hello to doubled taxes…

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