The Savannah morning news., 1900-09-07
REAL ESTATE.
Conditions satisfactory I'm Face Of
Enhanced values.

Enhanced Values.
During the twelve months which have
PASSED since the last review. there has
been bur one occurrence which has op-
Grated unfavorably TO real estate. That
was the strike OF the mechanics. To
this one fact can be attributed the cut
taiiment OF building operations during the
year.
The advance in material had les effec,
FOR a while. but lumber and hardware
failed to keep at high water mark. and
investors and home seekers were ready
to build up on waste places. When the
artisan. prescribed conditions for his
work which proved prohibitory 60 the IN
weston ond home seekers and checked
building. IL was not 50 much the en-
hanced cost that was objected 20. as II
MAS the uncertainty that opcratio lions would
not be stopped by other demands and
strikes. The practical effect was 20 re-
duce the building OF new residences. bat
Il played into the hands OF real estate
men. who sold less vacant lots. but more
improved property. Since the strike has
been settled. the demand for vacans lots
hah increased. and the business done has
been at full prices No species Of prop
erty presents 20 firm basis as this.
Every lot sold reduces the sup
ply. and there Is nothing from
which to draw. The land south.
east and wess OF the city Is IN the
hands OF estates and land companies.
able 10 hold. and 20 dictate prices. and
the seeker after cheap lots" must go
long distance out In a very few years.
Very many people are buying home sites
because Of their inability to ind modern
homes for sale a.; prices. equal 20 those
al which they can buy lots and build TO
suit individual tastes and caprices.
In improved property some business has
been done. but the extent has been lin
tied because OF the paucity OF offerings.
Net only have they been poor In quantity.
but the quality. location, improvements
etc. have been such as not TO commend
them 10 the judgments OF the buyer.
Whenever well located properly. at oil
modern In build or convenience. has been
offered. Il has been taken az fair prices.
Considerable money has been put in
investment property. that which Yields
revenue commensurate with the require
ments OF capitalists. In every such case
the offerings are taken up rapidly. The
demnnd for such customers and there are
always untitled orders IN hands
Of brokers unified because Of the
character Of the offerings. The CON-
ploiion OF the magnificent railroad termi-
mails on Hutchinson Island. and the In
crease OF population consequent thereto.
has made demand for homes. both for
the investor for renting and for The
home seeker. There has never been a pc
rod IN che history OF the city when so
: rong a feeling existed as 20 the future
OF the city. No longer are there found any
Doubting Thomases" In our midst. Every
body is an advertiser for the real estate
broker New manufacturing enterprises
are moving 10 savannah. and capital. the
embodiment OF ell that IL cautious. recog-
nlzing the magnificent future Of che city.
and It's splendid railroad and steamship
facilities - seeking our manufacturing
sites. our vacant lands. for sources Of
revenues and Investment.
Rents are very arm there are few real
~ desirable homes untsnanted unless for
good cause. Vacant stores are hard TO
and None IN the principal retail streets
and very few anywhere. Apartment
houses have been needed many years.
they are an inviting field for the
capitalists ami the increasing demand on
hand induce capital 60 invest In some OF
the fine locations down town.
small family hotel near the park. an
other hotel at Tybee. n casino and hotel
| (smalD at Isle Of Hope and Thunderholt
are all enterprises needed by the city.
and which promises much 10 the investor.
There IT. nothing IN the OUTLOOK that u
discouraginE. II municipal and county
matters are are so administered that the
/ tax rate can be reduced and a fair amount
OF the taxes raised be spent judiciousiy
| In permanent improvement-not wasted on
| unnecessary Offices. as recompense 90
political friends-the future OF our city
IL very bright and the position of real es-
tate very strong.
Already it Is considered by the best
thinkers the most stable Investment: al
/ ready the most cautious capitalist prefers
II as security for loans; already as good
a rate OF interest can be had on loans
based on real estate as any other security.
Let tho Legislature and the county and
municipal officers do their duty on this
subject. and the future OF the city and
OF real estate the basis OF all wealth. will
b. assured