The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1890-02-14
LAND PRICES.

gentleman who is somewhat famiIio
with the prices Of real estate in Kansa
City, Omaha and Denver, said to THE Hen
AID the other day that the people of Sal
Lake in general and the local real estat
agents In particular, were ''killing tn,
goose That lays the golden egg'' as he ex
} pressed 1t, by asking so much for their land
he declared that real estate here is highe
In price than in Omaha for corresponding
locations as to eligibility, and referring f.,
the sale of commanding corner in tb.
business part of town then recently con
summated, said that for less money be
could buy an equally good corner. with
tours story brick and stone block on if o,
one Oh the principal streets of the biz
Nebraska city. His argument was thai
unless prices came down, intending pur
chasers would look over the ground and
go away Disguised
There is much of this kind of talk nova.
days. There has been some of it all alono
Tor year or two past, but there is more
now, and we may expect to hear If en-
phasized from this on. 1t should have mo
effect, however, on the owners of lots II
may be tue that land in the cities named
sells Tor less than our lots; but if so that
is not the concern of Salt Lake owpers
Inc latters' prices may be high; they are
high, but the fact that the land sells readi,,,
is the very best evidence to be had mar
they are not too high. Then. again. whore
Is the lot that is not held at higher fignre
today than at any time in the pasta A sa,a
takes place and if the property is kent o.,
the market 1t IS at a materially increased
price, and this occurs every time, no mat
ter how often a sale is made In MANY in
stances the price has gone up 800. 400 and
even 1000 per cent, aud the higher price is
obtained quite as readily as was the lower
gong to show that too much was not asked
1t is quite possible that our real estate
men understand their business ouite DC
well as the spectators who come here from,
other cities Their business is to get all
they can for land, and all they can
get IS not too much. They nav
OBTAIN, and frequently DO get. more
tnen the land is intrinsically worth. more
than 1t can be made to pay interest on lint
they never get too much if the pu rchaser
Is intelligent and be not deceived in what
he buys In nine cases out of ten the pur-
chasers are governed largely by the specu-
latlve sentiment, actual value having less
to do with fixing the price than the hone
or probability of selling at an advance
The HERALD believes in high prices for
land. II believes in this very STRONGLY
when the money is to go to the owner and
the buyer is speculator Prices in Den
yer, Omaha or elsewhere cut no gure in
inc premises Salt Lake is destined m
become better town than either the
colorado capital or the big burg on
'he Missouri, and this being true our peo-
Die ought to get more for their lots. If snec-
llators think our prices are too high thew
mould act on their judgment and 90 to
omaha or Denver We viii maintain onr
'rlces or refuse to sell, and we have no
ear OF killing any goose that lays golden
ggs. To Salt Lakers land here is Y ortb
IL that is asked for it, and it is matter
1 indifference to US whether the gamblers I
ny or leave the lots to be taken by those !
mo know that this city is destined to he
ne OF the great population centres of the g
est. C