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Cash Is King In Baltimore's Real Estate Market
by Alex Kellogg, NPRJune 29, 2011
In Baltimore, Md., homes that once sold for $300,000 can be had for just $30,000. Investors are paying cash and snapping up distressed properties throughout the city. But unlike house flippers of the real estate boom, these investors typically rent out the properties rather than sell them for a quick profit.
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