Los Angeles herald., 1907-04-14
FIESTA TO BRING
RECORD CROWDS
REALTY DEALERS LOOK FOR
ACTIVE SEASON
syndieates Continue to Pick Out In-
vestment posltlons-Polnted
Answer to Inquiry on
Realty Values


q big squirt in the local market with
the coming Of the tens Of thousands of
Shriners and strangers fom all parts
of the United States early In the month
of May. Sales during the past week
have beer confined largely to invest
ment propositions, transfers reported
elsewhere in these columns indicating
the trend of the movement along
Broadway, Hill street, Main street and
Spring street. Realty firms who han
die property worth over 100000 assert
that the situation Is in very healthy
condition and that there Is no evidence
of decrease in frontage valution in any
section of the city, but that there is an
upward tendency, particularly for CEN
trail bushes sproperty.
Dealers in tract property are showing
greater activity in the work of de-
velopment and in providing for the
sales of homesites at the lowest possi-
BILE figures and on easy payments. one
firm has announced that soon the auc-
ton plan will be adopted in order to
force attention to what is represented
as a choice location.
"Will realty values increase?"
Commenting upon the above inquiry
a writer in the current issue of the
Rural California makes sensible deduc-
tions and presents a few points that
should appeal to the city property own
er and the farmers and orange grow
ers:
Will realty prices increaseT is a
question that sellers, buyers and real
estate agents are asking and are anx-
ious for a sensible and reliable an
swer," says the California. "Booms
are not infrequently gotten up to ad-
vance prices, but it is always uncertain
whether seller or buyer will get the
of I0rio in he nifN nf T,O9
Angeles and vicinity have been ad-
vancing phenomenally for several years
and cautious minds are querying when
a halt will be called 1t will never be
called by real estate dealers, nor by
sellers; buyers only can arrest the ad-
vance, and they will act to that end
when they think that prices have gone
as high as will Justify investment
"There is much in general conditions
and prospects that tends to maintain
prices, and that will cause them to
advance. Numbers of people come here
not for speculation or business, but to
acquire homes and reside, such as are
not dependent on what they may earn
here for livelihood. They will pay
prices for homes in accordance with
their tastes and financial ability to
crafty them. They will only econo-
mize as they are obliged to and are
therefore little concerned whether
prices go up or down.
Must Become Producers
Continued advance of values should
not be anticipated unless conditions ex-
istent or prospective seem to warrant
it, The vast majority of the people
must engage in something that will
produce a living income, and the i'm
portant question is what is forecasted
for the future. There has been and is
Il.
ticularly of business structures. They
are all erected for income purposes, but
not so with residences. Yet the num-
Der of residents will depend on the re-
sources available to their support, and
those resources will depend on what the
country produces and the volume and
profits of trade with outside communi-
ties. The attractive features of cli-
mate and scenery will remain, becom-
ing neither better nor worse, except
through larger civic improvements, but
people cannot live on them alone.
1.-THE business structures in the city
or Los Angeles, already completed and
in process of construction, may seem
quite adequate to meet the wants of
the present and for a considerable time
in the future. They are intended for
what Is in expectancy, which signifies
confidence in continual growth. One
indication is favorable, and that is the
purchase of ranch lands for subdi-
vision, not only into town lots, but into
tracts of sizes that cannot only be-
come good homes, but made to support
families of the owners through culti-
walton of the varieties of crops to which
soil and climate are adapted. This pro-
notes the increase of rural population
and consequently contributes to the
business and resources of the cities.
This should be pursued to the utmost
practicable extent.
"But development should not stop
here-there should be established the
largest lines of practicable Industries
which will increase local population,
enlarge the ability to supply demands
home and of communities at a dis
tance, avoiding expenditures for what
is elsewhere produced and drawing
profits on what the locality is able to
supply to other peoples. This will en-
large the business Of the cities, thereby
creating more demand for business
structures, more lots also for home
steads. There will be a higher range
of prices for products from the soil,
support far more people, and for these
reasons realty values will not recede,
but will advance in obedience to the
law Of demands.
ITO promote large production and
population in the country and of local
manufacturing is of great interest to
the cities If these things are done
and proper energy is displayed in en-
larging the area and valume of trade
none could lose by investing in realty
at present or even advance prices. Val
ues are founded on country's popula-
tion and resources, and increase of the
last logically should result in the in
crease of the first and cause enlarged
demand for real estate"