Todd Lubar is a real estate guru and investment visionary. He has foretold the increase in value of many properties. His thoughts on the Baltimore real estate market are very interesting to say the least. He believes that they are rebounding and will very soon be more valuable than they were in any previous year. Todd Lubar acknowledges the negative press concerning the Baltimore area – the high crime, poverty, and deaths. But, Todd Lubar also sees the gradual increase in the blossoming property values. The economy is set for an inevitable boom.
Why is this? The older apartment buildings and historic buildings in the city are undergoing renovation and re-purposing. They are being converted into hip new apartment buildings for young professionals and artistic entrepreneurs. Young professionals, millennials especially, love to live inside the big city. This contributes to the massive surge in economic re-purposing of lower class and poor communities. The influx of new residents creates a new source of wealth and many times these young professionals will have excess income because of their relatively low amount of responsibilities. This loose income goes into the local economy in the form of shopping sprees, brunches, and nights out on the town. Baltimore has become a prime destination for these city-seeking millennials. You can visit his about.me page
According to Inspirery, this massive migration has created an environment that is perfect for startups to thrive in. The city has become a breeding ground for enterprising young people. This is the prime reason for the economic improvement that Baltimore is undergoing. Residents will be happy to know their property value is rising. Harbor East is one of the core popular destinations for these young professional. They can experience all that the area has to offer. The excellent shopping and dining that exists in the area are what draw them in. The area has amazing condos and apartments for the professionals to rent out. The current construction that is going on in the are is set to improve the affordability of the area and expand living spaces by the thousands. Once the plans are complete we will be witnessing an entirely new Baltimore area.