The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1893-02-12
WICHITA REAL estate.

There is an axiom rs to when to buy ana
when to sell real estate that is too often
forgotten by the investor and Spectator,
which is that it is GOOD time to sell when
every body wants to buy, and good time
to buy when ybody wants to sell.
The great II sjority of buyers, as usual,
are now reversing the rule of true real
estate wisdom, which is to buy when there
is a preponderance of sellers. That is the
time for bargains, but. because he would
then be alone, the average buyer has not
enough mind of his own to invest. lie
will only buy with the crowd, and, buying
then, be pays % to IS per cent more than
fair price. Similarly the average seller
will not sell when everybody wants to buy.
The offer of very nigh. or even double
price, usually only results In causing
him to advance to treble or even quad
ruple prices. These facts have much to
do with the periodical times OF real
estate imitation and depression. The crowds
rush in to buy when times are good, ana
utterly refuse to buy in seasons of depres-
sion. The result is Initiation IL the one
case and great fall of prices ID the other.
The lonely man of good sense-and he Is
very lonely-sells freely at full prices IN
the one stage and buys even more fully IN
the other The crowd in the good times
preach everlasting and rapid advance OF
real estate prices, and, senselessly stopping
over in bad times, prophesy everlasting
depression and a continuous fall. Real
estate wisdom's path, meantime, IS the
medium way, with only here and there a
traveller. In view of the special causes for
"a
wonder now is not that real
estate is dull and prices droop-
| ing but that the aggregate sales are not
smaller and rates still more reduced. We
/ have, however, contidence-ablding con-
| fidence-in the future of the city. Henry
/ V said of his small and ill-equipped army,
| on the eve of a great battle, "All things
ara ready If our minds be So" Here and
now all things are ready for pushing
| Wichita ahead if her peoples minds
were even half ready, for the advance
money-the chief sinews for industrial and
development as for all other wars-is
here in abundance; all materials of men,
skill and knowledge are here, too. We
hope soon to see all of these means freely
availed OF, aud real estate depression and
| falling prices brought to an end.
This is our case exactly, and it is never
ceasiug wonder that the opportunity here
existing has not attracted the attention OF
the sensible investors no matter how few
of him there may De. However the sensi-
bic investor is our friend wherever be may
be. aud we prove our friendship by calling
his attention TO this locality at this time.
Our Friendship will cost him nothing, but
on the other hand will confer favor II by
this means we become tae incentive to an
examination Of the opportunities offered
i'm Wichita. The man who buys at the
right time and place is the man who gets
safely outpf a boom, but the right time
and place like all tides wait for no man,
not even a sensible investor and we cannot
promise from the present outlook that the
| conditions now prevailing will not be
rapidly changed with the opening OF
! spring, verbum sap.