Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-12-31
TENDENCY IS UPWARD
BROADENING MARKET FOR REAL
ESTATE DURING 1905.
Fashion DEGREES That Capitalists Shall
Invest in Homes In the
Capital City.


Whatever the general conditions that
| may prevail throughout the country dur
ing the new year now upon us, 1t is conf
IDENTIFY believed that the real estate market
here viii continue its upward movement
with even greater aeceleration than ever
before. Values are so conservative and
the demand steady and so likely to con-
tinue steady for the years to come that 1t
would require some most extraordinary up
heaVal OF existing influences to disturb its
advance This is the opinion of Mr. Clar-
r. Rheem of the real estate corporation of
Swartzell, Rheem & Hensey. Mr. Rheem
further says:
1T is not as though Washington depend
ed Tor Its importance as a municipality
upon any one element of greatness. The
elements are numerous and thoroughly
fused 1t is the acknowledged home of the
sciences and is taking rank as a Seat of
wealth and an abode of art
why may 1t not become likewise field
OF active industry? Indeed ii may not be
amiss to interpret the recently announced
intention of capitalists to establish an ex-
tensive ammunition plant at Giesboro Point
as the beginning of a pretentious Industrial
movemtnt in the direction of Washingt on
that will at no distant day crystalline mo
an element of great power for the general
good.
Fashion Seems to have decreed that II
shali be as important for the rich of our
neighboring cities to own a home here as
IN Newport, and those from various sec
tons who have been dreaming for years
of the time when, their struggle for for
tune being over and the material ties that
nad bound them to otherwise uncongenjal
helds being broken. they could live in
ease and happiness in the shadow of the
Capitol. are realizing their dreams in in
creasing numbers and adding by their pres
ence here to the wealth and culture of our
city
Increase in Home Population.
ut is not the thoughtful who express
surprise at the fact that dwelling houses
and the numerous apartment buildings
erected in very recent years are so gener-
ally and apparently so permanently cccu-
pied. They fail to take into proper con-
sideration the rapid increase in the home
population OF the city-nOt only the purely
local population but the influx of people
from the outside who are not merely tran
sients.
THE increase in this home population
upon basis established by the con dtions
shown, especially during very recent years,
seems to indicate concluSiVsly Il growth
much beyond what in former years was
considered logically normal. And it is a
splendid growth in that it has brought and
is bringing to the city the finest types of
American aforementioned, refined and
VI -IliIlititu pepDit-WlOSe presence ADDS
conspicuously to the prestige of the com
munity.
No effort, therefore, on a plane less ele-
waited than that adopted by our present
able and loyal District Commissioners would
seem TO be needed or would indeed be con-
slstent to bring into widespread notice the
fine advantages of the city a place of
residence and a field for investment
THE boom periods in Washington real
estate are things of the past If the sta
bility in ali that pertains to Washington
and It's enterprises and institutions were
even less marked than it is, the dignity that
has accrued to the city through age in
telligent public spirit growing wealth.
wholesome growth and ideal administration
has created a barrier against the specula-
tive idea sufficient to discourage any at
tempt 10 boom real estate here in the
usually accepted meaning of the word.
There is now nothing really speculative
about Washington real estate.
Solid, Substantial Worth.
ut has a solid, substantial worth that is
readily calculable and that is not and can
not materially be affected by even such
disturbed conditions of the money market
as occasionally impair other values 1t Is
recalled that the conditions existing during
the years from 1898 to 1896. when actual
cash was so scarce as to seriously threaten
the operation of enterprises exceptionally
important to the prosperity of the country.
caused many persons here as elsewhere
men and women oVer-cautfous, perhaps
but of sound judgment at leaSt-to with
draw their money from Industrial and o her
enterprises undoubtedly safe in most cases
but peculiarly sensitive to influences of a
political character, and place it in real
estate either by direct purchase or through
investment in deeds of trust or mortgage
loans with complete sense of security
Thus it is now, as ii was then, that in
the opinion of a most respectable number
Of conservative and successful people of
the financial world, real estate is the basis
of all security and it is scarcely possible
to go far wrong in requiring it as a founda-
ton for investment.
Washington real estate is becoming more
and more to be regarded by investors
within and without, as possessing a sta
bility possessed by realty in few If any of
the cities of the country This statement
of course, applies in a sense comparative as
TO prices.
Rapid Development.
People generally fail to pause long
enough to consider the exceptional future
destined for the capital city of the greatest
nation on earth. although it's splendid de-
velopment during the past decade, continue
ing now on almost phenomenal scale.
furnishes most striking lesson of accom-
phshment and progress toward the greater
Washington.
but many of the thoughtful people of
means seeking here the most desirable form
or investment for their money-those who
study conditions and deduce the Inevitable
result-are finding the best of opportunities
from time to time to reap good profits and |
fair returns by directing their attention 10 |
real estate and real estate securities Out |
side capital is available in abundance and
is in strong competition with local inyes-
tors for the privilege of financing the MANY
realty operations that are promoted here
from time to time. AS money is USUALLY
tlmid. there Is no higher tribute that coul1 |
be paid to the stability of Washington real |
estate. The future of Washington Is bril- |
ianuy assured and the New Year will hut |
to its people h''