Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-28
LAND At THE CAPITAL
Some of the Advantages of
Washington Realty.
VALUES ARE NOT SHAKEN
Conditions Here Unfavorable to
Money Stringency.
BUYING OF HOMES A FEATURE
Substantial and Stable, the Invests
ment Character Of Real Estate
Is Noticeable.
ARE NOT SHAKEN
BUYING OF HOMES A FEATURE

the first half or winter anu the entrdnCo
into the activities OF the approaching
early spring.
Already many dealers and operators ara
preparing their plans and making are
rangements looking toward tie inauguras
ton of what promises to be q period OF
activity providing the conditions are fa>
vorable.
Everybody interested In our line. from
the viewpoint both of the dealer ana
buyer and In the development OF the
capital" an active operator said to Star
reporter, ARE hoping that the long spell
Of Indictment and rainy weather which
ushered in the spring Of last year will
not be repeated this season. and. proceed
ing upon the theory that We are unlikely
to have two successive seasons Identical.
We are now getting ready TO take advan-
tage OF the reaction which Is usual In
such cases. and we anticipate that things
will be extremely lively.
1T Is confidently expected by that time
the money tension which has recently
more or less affected US here. though NOT
to the extent obtaining elsewhere will be-
entirely relieved and merely a matter OF
memory. Our banking and loaning In
situations will begin to loan more freely.
Real estate developments will be among
the very first to take advantage Of the
fits to all concerned.
Why Values Hold Up.
Now that the Christmas season Is here
and everybody is happy, 1t il meet and
proper that some Of the causes Of the
frmness and steadiness OF our realty
market the gratifying holding UP OF our
values, and why we have met the situa-'
ton so satisfactorily here when other
markets have felt the pinch. should be at.
tributed to the actual and the wouid-pS
investors IN one OF the best sources OF
money investment in this country-Wash-
ington real estate.
"Our dealers and investors alike have
always frowned upon any attempt at even
the semblance OF a boom in our realty
and the tendency is now, and has been for
some years, a conservative one looking
toward the investment features OF the
market and the development Of the capt~
tai rather than the speculative with prom
ised mutations OF values.
And this is one cause for the solidity
Of our market today-the investmen&
feature-and we intend to keep along
this line, for we do not predict mush-,
room growth Of big profits over night
to the buyers who come into our Offices.
nor to those who write US from other
sections asking as to opportunities In
our field.
One Of the Best AssetA
what we wish is soiidity OF values, ana
these we have now and intend 70 keep.
We feel that Washington real estate -
sui generis and therefore pre-eminent a.
an investment. ---- '--
1.-THE government pours from its treas.
ury each month between 100000 and
50 COO 900 in cash into the hands Of ap-
proximately 25,OOO individuals, a goodly
percentage Of whom are home owners OF
home buyers, and this vast sum OF ready
money finds it's way. to a very great er-
channels Of trade and business in general
from partial payments on homes and des
posts in banks to everyday living exc
penses.
over the country were complaining OF .
scarcity of currency; when scrip ana
checks and other mediums for money
were gladly taken: when spot cash conn
manded a premium willingly paid for ~
use there was no premium on currency
in Washington, for the simple reason
among other causes, because our money
factories were right at hand placing the
cash into the hands Of our people every
fortnight in such abundance that we did
not know, save through the press reports,
that there was a premium on currency
elsewhere.
Unaffected by Outside Issues.
And the same pleasant money condLs
lions obtained here during the free silver
money stringency some years ago. and
we did not then participate in the cur
rency stringency experienced In other
places. This fact means much, and
among other things it means that pay.
ments on homes. mortgage notes, invest.
ments of all kinds, and all items OF daily
expenditure are kept up and are not al
lowed to lapse.
Hence when other realty markets sag
by reason Of local or national money or
industrial stringencies. ours remains nrm
and steady during these trying instances
which come periodically.
ut is a great point in our favor and 10
should be emphasized more thoroughly
than 1t is There are scores and scores OK
reasons why our realty Is git-edged In
vestment. but, to my mind. the ready
money prop to our stability Is one OF the
firmest and one of our very best assets.
while other centers OF population poine
to their industrial and commercial foun-
dations, these all have a weakness ever
and anon likely to be demonstrated. and
often most Unexpectedly, as In the recent
financial furry, which came SO suddenly.
But we go along practically UNAFFECTED BY
these upheavals save py renex acIons
which is very slight, as compared with
direct blows upon financial stability.
Christmas Greeting.
Outside investors cannot De naue 700
we'll acquainted with these facts, famiiiar
to US, and the recent money stringency
may be taken to serve to our advantage
as an object lesson to the country az
large why outside capital, always de-
sirable asset In investment matters, may
come to US with the certainty that it may
be profitably placed.
This then, is one Of the many Christ.
mas greetings which We may send broad
cast throughout the financial world, ana
with Ii we extend a hearty invitation for
still greater accessions to our rapidly ir-
creasing ranks of outside investors. Wa
want thousands of other visitors like q
friend of mine from northern New York.
who came to spend the Christmas hcli.
DAYS with me. who will return with tho
deed to a five-thousand-dollar home in his
pocket.
I'VE like. of course. to have those Of
fame to invest literally in
our real estate. but 1t is the moderate
home buyer who swells the population lists
and adds. with the large investor. to our
fortunes, and to such there is no city In
the country offering more favorable OPP
portunities for investment and residence
than Washington.