Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-06-23

sponsibilities. II thrifty inclined, are on
the lookout for investing then excess OF
salary In the remunerAtive field OF real
estate
'sThe past and present history of real
estate values In Washington is. without
posszblity Of refutation. one OF steady, con-
tinued increass-in some cases gradual, in
others abrupt-so far a. lands within the
original corporate limits OF Washington
and Georgetown are concerned, and while
there has at several periods In the history
OF the national capital been decided
inactivity In the market and temporary
inability to dispose of property within the
city limits to advantage, there has not at
any time been a decrease In values, except
possibly in certain Individual and specific
instances. where property has been pre5u-
diced by the location in It's immediate
neighborhood Of certain enterprises which
would be detrimental to property interests
anywhere. This injury to real estate val
ues seldom occurs In our capital city. for
the very satisfactory reason that there is
little or no development of manufacturing
or mechanical enterprises in SO close con-
tact with residential property as to be DAM
aging.
1.-THE happy condition Of uninterrupted
increase In values of city property has I'M
fortunately not invariably obtained in the
suburban sections of the District for 1t Is
well within the knowledge of most citizens
that there have been two distinct boom
periods, and consequent periods OF depres-
sion, within the past twenty-five years. The
last or these pan1cS was SO overwhelming
In its effect on suburban property that the
latter has not yet fully recovered from its
baneful influence and 1t is only occasional
ly that there is opportunity to dispose of
suburban real estate at the prices asked
several years ago. In other words, there
has practically been little or no market for
the property exploited ten or fifteen years
ago, at the prices which they then COM
manded. 1t Is only in the newer suburbs,
which were then practically undeveloped,
but which have lately been the seat of ex-
penditures Of large sums of money In i'm
provements. such as streets, sewerage,
water supply and other accessories, that
good prices are obtainable. These newer
localities may positively be depended upon
for certain increase in value time goes
on. In this category should be included
such substantially developed areas as
Washington Heights, Columbia Heights, In
glesde, Petworth and the recently opened
land lying along both sides of 18th street
extended. as far north the terminus of
the car line, at which point most attract
i've and substantial suburb is about to be
smaterialized, with the immediate erection
of thirty or forty high-class residences of
superior design
Mr.. w. Riley Decide is favorable to prop
erty in the business centers of the city. and
anticipates an increased interest on the part
of out-of-town capitalists in this character
of investment. Mr.. Decide saidj
1.-THE large number OF sales reported dur
ing the spring season of business property
indicate to my mind the better appreciation
of the stability of values in Washington by
outside parties. The undoubted permanency