Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-08-12
NEW RESIDENTS BUILD HOMES
People from Outside City Invest Their
Money in Omaha Realty.
BRISK DEMAND FOR GOOD DWELLINGS
President Green of Real Estate
Exchange Has Promise from
General Greedy to Make
Address This Fall


General Greedy TO Make
Address This Fall
One incident in the experience of the
Byron Reed company this summer goes to
show that there is a good demand for new
residences on the part OF people newly
moved into the city. This summer the
company built five new $500 and 1900
houses on Harvey street between Thirty
third and Thirty-hfth streets, all with
plenty Of yard room, and ,..cL different
from the others. Four Of these are now
occupied by families which have come to
the city within the last few months, and
three of them are owned by the occupants
one of the houses was bought by S. F.
Miller, assistant general freight and pas
senger agent of the Northwestern; one by
George G. johnson. who came here from
Newmans Grove to become manager Of the
new observation-disclosures elevator, and
one by X. r. Kloke, an investment broker
who lately came to Omaha from West
Point, Neb.
Frank Walters. assistant general manager
OF the Nebraska division of the North
western, who came here from Fremont
has rented another Of the houses. The
fifth was bought by l. A. Medlar.
'This means, to my mind" said A. l.
Reed, that the city is growing so rapidly
in population It is pretty hard for new
corners to buy or rent suitable homes un-
less they have houses built for them or
are lucky enough to make deal with
somebody who is just having houses built
All these houses were snapped up before
they were finished. II the newcomers had
pleted 1t is probable someone else would
have had them"
. President Green of the Real Estate ex-
change 10 outlining q program for the fall
meetings of the exchange, which includes
addresses by prominent men and discus
sions Of subjects vital to the realty men.
General A. W. Greedy has promised to ad-
dress the exchange when he comes to
Omaha the latter part OF September or the
early part Of October, and President Green
10 expecting acceptances Of invitations from
other men Of note. The series OF addresses
by public men OF Omaha arranged by him
in the spring proved popular one, and SO
another will be had this fall
Several burning subjects are to come up
for early discussion, perhaps the most I'M
portant one being the question OF the Ne
braska laws governing real estate mort
cages and foreclosure. A committee to go
before tho legislature this winter in the In
terests Of the exchange probably will be
appointed at one Of the September met
ings.
The new plan of selling lots in omoha,
q small payment down and a payment
each week until tho lots are paid for is
becoming immensely popular. Hastings a.
Heyden have had several Of these sales
and In almost every case have sold out q
whole addition In one day. One hundred
and seventy-five dollars seems a big sum
to u man when 1t is all In one pile, but
when he can pay 1t in $40 a week, such a
small sum that It is not burdensome upon
his exchequer, It does not seem so big,
and he is ready to buy q lot when other
wise he might not invest Hastings &
Heyden sold Sheridan Place lots, on West
I.eavenworth street. last week, and FRI
day of this week they will put on sale a
property known Hlllsdale addition, con-
sisting OF ninety-three lots, overlooking NIL
Ter park on the west side
ut is strange how people want what they
can't GET said Byron Hastings. II am
thinking now OF a number of persons who
advance on an addition we are about to
sell. They wanted to get the pick of the
lots and wanted us TO sell before the formal
opening of the addition. AS much as we
wanted to accommodate them, we could
not sell them lots. of course. All we can
do Is to remember them and promise to do
the best we can with them at the sale"
The base ball boys of the Real Estate
exchange are a jaunty lot now, clothed in
their new blue suits trimmed In white. The
letters o. h. L. e. are In white across
their breasts. The team is making for it.
self a good reputation among the amateur
teams Of the city.
Those who claim to know, say that the
indianapolis firm which is promoting the
sale of easy term lots near Fort Omaha
Is making some quick and easy money,
1t is generally supposed that the Indian
apolls people own the property. but this Is
not true, and they are exploiting 1t for the
real owners, who are Omaha men wishing
TO keep their identity unknown. SO say the
local real estate men. It is supposed that
the men from Indiana get a certain per-
centage of the sale price of the lots, and
that they get their share out OF the first
few payments.
Acting on the advice OF the Water board
which says the law cannot prevent the
water company turning of wdter, in cases
where the rent It demands has not been
paid. the real estate men are paying their
rentals on the basis demanded by the water
company. They are also settling back bills
occasiSned by the fact that In January
they paid on the figures named by the
Water board, which were lower than those
OF the company. The latter is now de-
manding the difference, and is getting It.
Each bill is paid. however, under protest
and the realty men hope to get back what
is considered by themselves and the Water
board excessive charge. The recovery OF
the money is contingent on the final sue
cess in the supreme court of the suit OF the
city against the water company.
O. II. Lane of Iowa has bought lot at
Military avenue and Parker street and ex-
poets 10 build q residence on It this fall.