The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1889-10-27
suY HOMES.

II Il not possible 20 conceive OF time,
place and circumstances more fully justify
ing IN admonisson to mechanics, laborers
and men of moderate means to buy q
home. than are afforded ~ the present
tine. in the city of Seattle. and under the
peculiarly favorable conditions which pre-
van.
Fortunately. no Wild "boom" has yet
reached this place, such as has created ao-
normal activity in some quarters, 20 be fol-
lowed by the inevitable reaction ard dis
assrous consequences. The growth of Sc
attic, though strikineiy rapid. has been
legitimate A bewlldering number OF
buildings have been put mp. none Of them
for speculative purposes, however, bat ail
for use Notwithsta aiding the phenomenal
development ia this line. there is probably
not . city of equal size in the world with so
few houses TO rent Practically. there are
none. There are no vacant houses. On
the contrary. many tents are crowded with
occupants, and with scarcely an exception
every apartment in every building in pro-
gress Is rented. including many which VIII
not be completed for months.
There is nothing feverish or evanescent
about ali this. Houses are built only for
use, and as soon as built are put to use,
and to profitable use. Any person at
tempting TO buy out one who has secured
one of these houses viii find he will be
asked as much for the goodwill as for the
outfit. There is no symptom OF the specu-
lative in all this. Things are moving right
along. as steadily as clockwork. in the same
direction.
Enough of public and private improve
ment is now blocked out TO keep an i'm
mense force of mechanics and laborers at
work for at least three years. And the best
test of the stability of these enterprises,
and of the future of Seattle. is to be found
in the financial backing they can command
from abroad. Not only from all the finan-
cial oensers OF the United States. but from
those of Europe AS well, money is freely Of
fered at low rates of interest. on Seattle
real estate security. Those people take
pains to inform themselves through the
most reliable SOURCES before they make any
such offers.
Owing to the extraordinary facilities az
forded by cable and electric motor lines
completed and projected, easily accessible
residence lots in delightful neighborhoods
can be obtained at small ontlay, and in
most cases even this can be divided up into
installments, with the deferred payments at
low rates Of interest. and on the same
accommodating terms residences can be
erected.
In view Of oil these facts there is no sense
in wasting ones earnings in house rent or
room rent. Very little added to such ex-
penditures, which when made are gone
forever, would within limited period pay
for home. Thus identified with the city
and its interests, q party would have a
great advantage over transient corners, for
people very naturally prefer to employ
their neighbors and fellow-taxpayers
rather than strangers. In view of what
now seems inevitable. the growth and pros
perity Of Seattle will be such that property
acquired now viii be increased in value by
many multiples within a few years. For
but little more than would be sunk forever
in payment of rent, one may obtain not
only a home but the foundation of for
tune. By all means, sensible men will see
the wisdom Of buying homes without need
less delay.