BALTIMORE County officials have long bemoaned the...

Salmagundi

November 11, 1992

BALTIMORE County officials have long bemoaned the migration of county residents to neighboring jurisdictions where housing is said to be more affordable.

Funding for the construction of affordable housing was at the heart of Ballot Question F, which the county offered as a way to slow the outward migration. County voters approved the measure last week, two years after defeating a similar bond issue.

Losing low- to moderate-income citizens is bad enough. But does the county now have to worry about losing its high-income citizens too, as a recent condominium auction in Baltimore suggests?

Between sips of white wine and nibbles on hors d'oeuvres, bidders paid from $116,000 to $291,000 for two- and three-bedroom condos at the ritzy St. James tower in the city's affluent Guilford section.

And who was the lucky buyer who forked over the top price of 291 grand? None other than Charles E. "Ted" Herget Jr., a prominent Baltimore County businessman who plans to unload his three-acre county spread.

Ouch.

Mr. Herget was also, until this past summer, the chairman of the Baltimore County Chamber of Commerce, a group that promotes the county as a good place in which to live and do business.

Double ouch.

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