The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1907-10-09
RESIDENCE PROPERTY
As YET UNBOUGHT
This Will Offer the Next Stamping
Ground for Real Estate Men
Commercial Club Looked to Solve
the Problem in It's Usual Master
full Manner.
Especial to Lake County Times.)

Gary Ind, Oct 9-"Gary needs
home builders" That in nutshell is
the cry that is going up from the new
steel city. And there is no one who
appreciates the fact moro than Cap
tain Norton. who is in charge of the
properties of the Gary Land company.
great many people have been un-
der the impression that the United
States Steel company never expected
to build the whole city of Gary This
is a mistake. Nearly all of the busi-
ness blocks have been built by private
capital but in the residence almost all
of the houses have been built by the
land company.
These houses are model dwellings, in
every particular and may be either
rented or purchased by the officials
and employees of the Indiana Steel
company.
But what about the outsiders? What
abous the grocers. the meat men. the
lawyers. The doctors, the thousands of
people wiz Ssarry on the commerce of
great md 6ieipa1ity.
The Urs6ed States Steel, eorperation
will not take the responsibility of
furnishing these people with homes
1t will sell them lots in the various
additions to Gary, but it win not build
houses.
The population or Gary is increasing
by leaps and bounds 1t was 5000 six
months ago. it is 10000 now In a few
months when the mills open other
thousands will come into the city to
be employed there and these will be
in addition to the men that will still
be employed in the building of the
city and in the completing of the plant.
Where are they all to find homes
is the greatest problem that remains
to be solved. To the investors who
have so far come into the city it has
been business property that has ap-
pealed to them most.
Business property had a greater
speculative value and that is why con
servative investments did not look so
attractive. However, the period of
speculation will soon be over. Already
values have been so nearly determined
in the heart of the new city that the
purchaser is compelled to pay all that
a piece of land is worth.
This will tend to direct the atetntion
of the investor to residence property
and it is expected that before the be-
ginning of next year the house prob
lem will solve itself.
In the outer portions of the city
however, there is still property th'
value of which has not been as defn
itely determined as it has in town anC
this may prove the next grazing
ground for the real estate men.
1t is this uncertainty about the mat
ter of inducing Garyites to builC
homes that worries the officials of th'
steel corporation and they are having
all they can do to thrn the attention
OF possible purchasers from the busi
ness district TO the residence portions
of the city
The solution Of the problem will b,
undertaken in the same masterful wa,
that all Of the other problems in Gar!
have been solved. Gary has a Com
mercial club that carefully watches
such things and with a fuu knowledg,
of all of the other cities of the Calu
met region they know Hammond. In
diana Harbor. East Chicago. WhitinJ
and South Chicago will be strong bid
ders for Garys surplus population un
less Gary itself takes care Of it