The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-04-15
A REVIVAL In REALTY.
The Dealers in Real Estate
are Cheerful.
A LESSON FOB OGDEN BOOMERS
the Recorders Office
tions Last Week-Etc.

Talks with the leading real estate
operators yesterday dispelled any idea
that migtt have existed in the minds of
THE HERALD's representatives that
there was such a lull as might prove in
furious. All, or nearly all, expressed
themselves as being we'll satisfied with
the business done during the week, and
the outlook for the future. 1t is only
among the irresponsibles who rushed
into the business without any definite
idea as to what they would do when
they got there, that the slight lull is
felt and and feared. Il believe" said
one of the leading dealers yesterday,
that there are
MORE GENUINE SALES
being made now than when the excite
ment was at fever heat, some months
ago. The fact of the whole matter is
we have fairly come down to business
and conn sense principles, and are
not suffering at all in consequence.
| Those who obtained options on good
price to such height as to need the all
of balloon to reach il, 6n6ing..no buy
ers, are now anxious to sell at fair
profit, in order to secure their OPP
tons. instead OF demanding the en-
tire universe, Residence property in
particular has bden and is i'll
great demand, and, as THE HERALD has
! heretofore pointed out, good interest on
the money is assured any man or com
pany of men who will at ozcs erect a
number of cottages"
Il admire the course of The HERALD
in reference to this real estats boom, u
said a gentleman who has invested
largely in this city of late, and who sees
good retur IS assured him. sit is con-
sistent in the matter. [ have always
| found it better to proceed cautiously
aud not to lose ones head. THE HEB
AID has done
NOBLE WORK FOR SALT LAKE
in particular and Utah in general, anc
am pleased to see that it ha!
not followed the suicidal policy of some
of its exchanges, in endeavoring to
build up its own town at the expense
of the rest of the Territory. Before
arriving in Salt Lake. Stopped a few
days in Ogden. l liked the genera
appearance of the place, and was very
fayorably impressed with its sur
roundings and natural advantages
Having money to invest, it was nut
natural that l should meet the dealers
in realty there. They were very kind
and very courteous in their treatment
bat whenever l asked question
CONCERNING SALT LAKE,
1 usually received an evasive reply
Finally, one of them told me that Sal
Lake was merely the capital; that i
had that distinction and nothing more
that Ogden had the only natural re.
sources in the Territory, and was frs
and foremost in everything. Having {
desire, however, to see the city fanou;
the world over as the csntre of tbs
Mormon Church, came on. 1t was
dark when [ arrived, and could gair
but limited idea of the place. Mex
morning, however, l was 10 early, anc
as l drove through mile after mile OF
streets, lined on either side
with shade trees, as [ glanced
at the many improvements going on OIL
every hand, as | visited the factories
and investigated the city's resource:
generally, l could not help but think
thst the Ogden real estate dealer was a
distant relative Of the great baron
whose
FAIRY TALES
have been so widely read. found I
city of 10000, as compared to 10000
and marveled at the adamantine cheel
OF the baron's relative. It is needles
to say that | have no money now to in
vest IN Ogden-not that do not belieV
the town has big future before it, no
that it hasn't natural resources ant
advantages, not that its citizens ar
less entarprising than yours, but merel
from the fact that Salt Lake is at leas
ten years in advance. l would recon
mend Ogden real estate men to be
little more chary in their statements
Let them
BOOM OGDEN
for all she is worth; but let them re
member that there are other places i
the Territory. They can do themsslve
no good by an endeaver to bellttle
CITY three times the size Of their OWE
It can but prove boomerang"
CAUGHT oS THE BOUND.
THERE HAS been much fauli-6ndins
among a class of real estate dealers
because of eXhorbitant prices. What
ever of fault there may be as to hig
prices in a vast majority of cases can b
traced to the cause of real estate me
themselves. Instead of doing com
mission business, pure and simple
when property owner has given ther
{ a piece for sale at what might be terme
a bargain, the real estate dealer ha
gobbIed up the piece himself, run u
The price and cleared as much out of il
, ii not more than the owner. This
, had legal right to do. but owners hav
= become tired of this sort of thing an
2 have endeavored to keep up to ret
!, estate mems own figures. Sales Deepen
largely upon reasonable figure, an
we are of opinion that real estate me
themselves are largely to blame for til
reason named. and for the prevailin
high prices. Under the conditions ex
! listing q short time ago, it was idle t
offer land at a low figure, for il th
owner would be satisfied with reason
! able amount, the tersou selling
: would not. This practice of real estat
. men in putting prices way up wa
! what brought on the craze for big
| ~ 4 l. l.