, 1873-02-23
REAL ESTATE.
The Activity in Real Estate Declines
With the Mercury.
a Plan Of Selling Property by
Selling Paper First.
Montague Tiggs in the Real Estate
BUSINESS.
The Dangers of Buying Lots
Without Seeing Them.


Transfers for the Week.
Unfavorab1e weather affects no other business
30 much as the sale OF real estate. No sensible
man will buy ground without going to look st it
walking over it, and around it, and all around
he neighborhood Of it.. There are people who
buy lots without these prelimina1ies but, in iue
cases out Of ten, they sometime wish they hadn't.
Instance the "Boulevard Addition" of George
w. Scott, and several similar suburban" addi-
tons, two Of which wo call to mind nov as
south Of aud adjoiuing the town OF Hyde
Park"
During the few days Of pleasant weather in
the first half of this week, there Was percepti-
ble increase in the inquiry and negotiation
for suburban lands, but the activity has
declined with the mercury in the
thermometer, and it is not probable there will
be much done until the advent of mi1der weather.
Considering the difficulty OF negotiating rent
estate paper during the past month or two, it ia
little remarkable that the volume Of transac-
tions has kept up so we'll. Many OF those who
speculate In land depend On the sale OF the pa
per they take in the sale Of one piece of ground
for money to buy another, and the difficulty OF
selling tbs paper this winter has been the means
OF greatly diminishing the number of salee-
The demand for single lots 1T prices ranging
from 95o9 to 81 600 has not been affected by the
str1ngencT OF the money market, because the
purchasers are nearly all mechanics or salaried
men who have had the money lying in savings
banks for that purpose: The supply Of money
offered by brokers and loan agents is, however,
increasing, and it Is pretty safe to predict that
when tho grass begins to sprout speculation in
suburban property will be as active as in any
previous spring.
THE Plan OF :.mAH1So REAL ESTATE PAPER"
to sell. has been resorted to in good many in
suburbs, or has built block Of dwellings, or
business block, which he wants to sell for, sag.
100000. Failing to find e bona fide purchaser
at once, at that price, he gets some friend, 3D."
to the property and gives his notes and mort
gage back for $4,000 With the mortgage and
the @10o, ,oo0 Of notes representing fou1-ffths OF
the nominal purchase money, "A' goes to some
t6;5 zho fs Sa1s the tSs It ts1n6t so
a bad investment if "B" waa viii
ing to pay 325,00o down and give his
notes for the remaining 100000 When the
notes come due. is, Of course, unable to Fay,
ming, does not care; G either forecloses, or the
property il transferred to him by agreement,
and the net result Is, that G hes bought the
property for Just the price he could have bought
tha 10 cornr,e ractea +h,]7,c. ~ m eoo.v ~ t
hive BEEN done fn 1 = nT1nha1 t 81 cssss. II ;s to
be- condemned becarse iEn iii other dccent;re
trcns.rt;nns Il maEas = ~ fc+;1;ona t st.n5,1d ~
nr;ce. and Iaa ~ tha ofec1 - throw 1sn"ra1 az e
cre: ~ 10 Thoia ro1nne ~ to 1rnns-
sc+;ons and rha9 fo.,n1 ~ -. - ;ns,;+ahir
will ho ia m IN INV ~ ororr ~ VIZ ofyars -
eaII - ~ ~, ~ ststa an W. ~
haa;: ~ - 'e"1 e't"'o pae'' o'1 AL non0''
aun,rs y. ..,gr., e,~nrn,.~r.r
.re cett;nc t ha eo n,'n,ar,ra +i,p Isas
ator b ,t - 81 = ~ s,oia . n"1 a.. a;
cam ; Je % pa. .ne "uote leal estAle oEsl
l'a.o W.. - 70 nei neeen u tnls sRr!aE
:, ~ 49, H. ~ ~ P'aueatse asge
.rS - n -,aerj -, III ino ef t1 es."ag
q otoas ~ ~ tne ,: u:aao apeGIs ~
asa hlpp+ h;h ~ i.s Hcn ~ "1tetiS "o.n
~ ~ "1n 10y coi.le, IL ao:en WIS
g ef fron ~ a te sson "h an tof lfos f
o2a NV a1a an;,e. ~. &
oTn sho naa9 ;6 oalceh h1iu aaHe
.a-o 49,, -. Isa uu11e1 cca.eo 90 e.
Tar1~ ~ aono to1oonaos sn11"u