The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-01
REAL ESTATE REVIEW,



In Real Estate Predicted.
In the field of trade and commerce, or,
as the expression Is more commonly
used, in the business world" In seasons
OF prosperity ana adversely, real estate
Is the last thing TO feel the effects OF
changing conditions. The reason for this
state OF affairs Is that this article OF bar
ter and trade'Is not SO sensitive. is not
mercurlal, not so easily affected by the
changing conditions of trade as other
commodities In use and want amongst
the people OF the world. Positively speak
Ing, It Is more substantial, more real"
having the character OF immoblllty;
therefore Is also called really" incontra-
distinction 10 personally" whIchattends
the person, or can be moved from place
TO place and is more or less perishable.
OF course the value OF real estate Is
subject to iluctuation dependent on the
deslablllty or undesirablllty OF locality.
Sometimes an imitation Of values takes
place. such rs occurred In 1891 and 1892.
when the country went real estate mad"
and large quantities of"wind" were in
jected into lands designed to be used for
city purposes. but which were In the ma
tural order OF things never Intended for
other than the uses of farming. and the
inevitable result was n reaction which
has left many man land poor" But
the city OF Wheeling has. comparatively
speaking. suffered less In this respect
than most other cities. II Is true that
there has been 4 depreciation In the
value of real estate which sorrowfully
manifested itself in the past year, there
being according 10 actual sales 4 loss
ranging from 80 1-3 to 80 per cent in most
localities; while In the business district
real property has held It's own, being
moderately In demand and as good an
investment as government bond.
Lot sales have had the front rank dur
ing the year just closed, owing to dis
position In the people 10 build even when
It necessi:ated a greater outlay of money
than buying where the improvements
were already on the ground. This would
indicate desire for more modern houses.
and Is a sign OF 4 peaceful and contanted
community imbued with the spirit OF
progress, and coveting the comforts and
e!lNlIuHIlleHlS WHICH IlOHey Will supply.
One of the best barometers Indicating
the condition of the people Is that class
OF property commonly known as .tene-
ments." Turing the year 1897 this class
OF houses has been in demand. and, rents
more easily collected than in several
years past. When our industries arc
running and the people have work, 1t Is
little trouble TO rent houses and collect
rents. When this condition exists the
landlord is happy and independent. II
he is i good landlord and keeps his prop
erty IN repair, II Is exceptional when he
loses rent. Good house; command good
tenants, and to-day. Wheeling has more
good houses for the renter" than ever
before In her history. II the testimony
OF the landlord ana tenant Is needed TO
convince, rtruthfully they can say that
prosperity really has arrived. Lethargy
has prevailed during the pas. year. but
conditions have changed. and the signs
al! point 10 renewed activity In the real
estate marke: in the near future. An
other year will put us on I. Easy street"
\ rise In prices Is as sure as the return Of
good times. Already the clouds are lift
ing and the silver lining IS in view. go
All hail the advent of[lSgS.
". II. RINEHART. s