The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-05-08
EAGER DEMAND FOR
R|CHMOND'S REALTY
Continued From First Page.)

| forchcads OF the conscientious but en-
terprlsng real estate man. for he can
scarcely do tho thing his client wants.
The owner will not sell, except for a
| good price, and Is as uncompromisng
| as lord.
| Hard to Find.
Said an agent yesterday:
"No longer than this morning friend
came into the office and laid down $500
and asked mo to buy him n house for
investment Now, ] don't know where
4 am going 10 get that property
/ The point of the story is plainly seen.
Richmond property Is paying SO we'll as
an investment that those who have 1t
| arc 10th to part with it. and those who
| have 1t not are making extraordinary
! efforts to get 1t.
This condition OF affairs. which must
| heighten the pride of the patriotic citi-
zen OF Richmond and spread the citys
fame to every business community OF the
| land. arises from number Of causes,
prominent among them the remarkably
few vacant houses in tho city and the
readiness with which those incidentally
| becoming vacant arc seized upon by de-
| sirablo tenants.
| An unusual circumstance In the life OF
! the city is the building, as X by magic,
widespreading property between Broad
| and Main Streets has been eagerly
bought UP by homeseekers and Investors
and scores OF modern and attractive resi-
dences have been built Upon the
completion of these az families
at once occupied them. leaving less
| modern and less attractive rest
dences down town, Rent slgus went
up, OF course. and some were led TO be-
licve that a considerable numt,,r OF
| houses were tenantless. and therefore
| rents would come down. But 30 'wl6e
| OF the mark was this conclusion That tho
| real estate men arc wondering how 1t
| ever came about. II has been their In
| variable experience that a rent sign re-
! NAMED upon house not more than one
or two days, II 1t was in desirable cond!-
| ton.
A Good Solution.
"one real estate man said in this con-
| nection:
"If l have vacant house all have
to do Is to announce It in The Times
| Dispatch. and the next morning I rent
| It"
ANY trouble renting houses!" exclalm-
ed another agent, We'll this Will Illus
ttatc 1t. We have four houses in course
of erection and three were leased be-
form their roofs had been put on"
Yet another agent. when approached on
the subscct, said:
tllet yon judge for yourself. Here ara
the plans for n house, which has been
leased and the ground has not yet been
broken"
Tho matter OF new houses was pursued
a little further. One prominent dealer,
who sees the present and the future with
all the light long and varied expert
enco turned on, was asked II ne thought
too much building was now being done.
He struck thoughtful attitude for
moment, and replied:
"1'here are enough people In Richmond
at present to I'll all the houses built or
in course Of erection
The Demand Is Met
The meaning Is not hard to find. This
gentleman and many others who were
talked with on the subject, feels that
WITH the unusual expansion OF the build
I'M, enterprise in Lee and other districts
Of the city during tho past two years
and With the number of houses being
erected or planned for immediate erec-
tion the demand which Was SO rampant
a few years ago. Will have been whole-
sonely and sufficiently met,
Collections have been very good, This
ia the verdict of all agents.
1--WE are having no trouble at all"
t,,ev declare. The faces OF this class
of business men whose Influence Is SO
necessary for the healthful growth oftthe
ctv nre turned hopefully to the future,
sustained by a present prosperity actual
through their own honest business
methods in which no desire or purpose
10 initiate real estate values had any
part.
sis ROUND TRIP TO ST, LOUIS VIA
G, g. o, RAILWAY TUESDAY,
a.