People are always writing about the best places to to buy homes, retire, get a job, etc.. Only one problem, thought. These are always backwards looking, and things change. In this case, they changed before the report could by published:
The (best) metropolitan area for flipping a house was Baltimore-Towson, Md., where the average gross return on investment was 94.1% in the first quarter. That is nearly 20 points higher than the second-best market of Deltona-Daytona Beach-Ormond Beach, Fla., where the average return was 74.7%.
Given the bad publicity that Baltimore has received as a result of the riots there, I’m pretty sure that future returns will not lead the nation. At least in the short run, investors will be lucky if the returns are even positive.