The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-08-29
coon TIME TO Buy.


The present is the time for the thrifty
citizen to purchase his.sown residence in
this city. The time is passing quickly
The G o b e has more than once in the
not distant past called the attention of
its readers to the peculiar situation re-
veaIed by a steadily advancing DISPOSE
ton in rentals, unaccompanied by any
thing like a cores onding advance in
the market Of desirable residence sites
The present situation in this city shows
that we. are On the eve5of the restoration
of at least a close approximation to old
time figures for realty. The period of
depression which ensued after the panic
of seven or eight years ago was unex-
pectedly prolonged. Realty values did
not reach anything like their former fig
ures, Notwithstanding that, as the ma
tional census showed there was in ST.
Paul a splendid growth in population dur
ing the seven years intervening, while in
other cities, like Omaha, population had
stood still or gone backward
The rentals of business property are
on the increase. All available stores are
commanding the highest figures. There
are no empty stores in the city. Indeed
the supply of available business sites is
not equal to the demand The rents of
offices in our modern buildings are all
high, and are steadily on the increase
Business buildings are either In course
of erection or under consideration In the
different sections of the business com
munity. There is not building under
construction or in serious contemplation
the projectors of which have not the
amplest assurance Of a profitable ten
ancy.
These conditions mean much. They
show the steady advance which is being
made in the business and productive
energies Of the community. They tell the
story which those who observe the prog
ress of daily events have told to them
through their powers of observation. In
creased business means increased popula-
ton; and increased population means In
creased demand for residences.
All sorts of flats and private buildings
in the city are in demand at rentals
which are steadily on a rising scale The
owner of his own home is safe against
the business demand for ample returns
on the investments represented bv.
rented residences. Splendid. lots in the
most desirable sections Of the cfty are
available every day at from $500 to 81, 600
While building material is understood to
be slightly higher than it was a wear
ago or over, the total outlay required
IN the purchase or construction of a
desirable residence in the city of st.
Paul does not represent a principal sum
at all approximating that on which the
ordinary householder is Obliged to nav
interest through his outlay for annual
rental
Within five years the residence lots
which are now on the market will not
be available at figures nearly double
that at which they are quoted today.
It is one of the most desirable condf-
lions attending municipal life that the
people shall be in the greatest possible
proportion the owners Of their own home
steads This is the case to much
greater extent today in this city than
in most communities. If that state OF
things is to continue the average head
Of st. Paul family viii do well be-
fore much longer time elapses to make
the necessary sacrifice to putting him
self in possession Of his own residence.