The herald., 1897-06-17
REAL ESTATE VALUES

REAL ESTATE VALUES
The tendency in new country is to
put artificial prices on lands and espe-
cially is it the case when immigration is
considerable. Speculation in lands is
invariable in country during the col
onizing period, and this is apt to be con-
tinued beyond the time when a sound
and sensible basis of value has been es-
tablished
Actual values rest upon rational con-
siderations. Lands for pasturage and
for agricultural and horticultural pur-
poses should be rated upon the basis CT
profits they will yield, after deducting
the expenses of care and cultivation.
Climate and soil control as to kinds Of
crops and largely the quantity of the
yield. Methods of cultivation have
much to do in regard to the latter The
net profits determine the percentage
that will be received on the cost of the
land, or, in other words, they become ths
rational basis of value. These profits
are not the same every year. and hence i
general average should be struck. In
Southern California, arabic lands are
worth more than those in almost any
other locality, on account of the favora
Bile character of soil and climate.
The value of business property de-
pends upon location. 1t will yield prof
its in proportion to the patronage its To-
cation will command, and its value
should be established upon that basis
The prices that can be obtained for
residence property depend upon other
considerations Homes are acquired
for comforts and not to make profits
and purchasers will pay for them ac-
cording to their taste and the length of
their purses. Climate has an important
influence in regard to the desirability
of a home, and Southern Californias
salubrity and agreeable character MAKE
it attractive to home-seeker@. On this
account residence property is more than
ordinarily valuable. The environment
and scenery tend to high development
of esthetics which still further inf1u
ence people of taste ard wealth to come
here to reside.
Everywhere are displayed the evil
dences of high development of taste
No other city of its size in
population has so many tasteful
homes as Los Angeles, fact
which is apparent to anyone travelling
along it's streets. The grounds upon
which homes are situated are ornament
ed with lawne flowers and shrubs, and
few cities have greater facilities for in
ternal transportation, or are better sup
piled with educational and religious IN
stitutions. The adjacent country pro-
duces in such variety and quantity tina.
living is cheap, and all the necessariee
of life and most of the luxuries are sup
piled by the merchants and dealers at
prices that are not exorbitant. The ia
cilities for external transportation are
unequaled anywhere on the Pacific
coast. For theee reasons residence
property in the city will always bring
good prices.
Pasadena is residence city of ur-
surpassed beauty and attractions, ar
those who desire agreeable homes Will
contiue to seek it in future as they
have done in the past. 1t is extremely
fortunate in possessing remarkable fa-
cilties for reaching this city and many
of the towns in the surrounding country.
There are many other towns in the
vicinity of Los Angeles which possess
superior attractions and where the peo-
pie are exerting themselves with judg-
ment to make their places desirable for
residence. A feature OF very great I'M
portance is the establishment of sea and
mountain resorts, which are reached at
very slight cost in money and expendt-
ture of time.
The country is yet very young, gauged
by American development, and what
has already been done is but forecast
Of what will be accomplished in the near
future. That Southern California will
be sought by tourists and home-seekers
in great numbers is certain, and under
whatever conditions may exist in
future, this section will be blessed with
it's full share Of prosperity. What is
most needed to accelerate it is the sub
division of the great ranches and their
sale to occupants for cultivation, at
prices they can afford to pay.
A proposition to vote $4,000 in bonds
for the purpose of building a high school
came before the citizens of Long Beach
Saturday. There were 129 votes for tn