Los Angeles herald., 1908-11-15


But not the real estate man. He
knows all such conditions. He has the
district charted in his mind as well
as on paper. And no agent who would
withhold from confding investor in
formation as to such a possible detri-
ment is worthy to be a member of the
Realty board.
While the expansion in area and pop
ulation has been wonderful during the
past seven years there is every reason
to believe that it will be at best as re-
markable during the next seven. The
building of moderate priced homes has
steadily continued throughout the past
year, not alone in the city, but in the
suburbs. The financial depression
proved a stimulus in a way to such
construction, as mechanics wages and
prices of material decreased, and the
homeSeeker with $1,000 OF $1,000 in cash
took advantage Of the fact. Then, too,
great deal Of money that was taken
out Of savings banks went into the
creation of new homes. And the real
iZation on securities of a speculative or
dubious nature resulted in a demand
for small mortgages as a safe invest
ment, so that the householder with
reasonable amount of cash and a steady
income could generally be accommo-
dated with sufficient funds to carry out
his desires.
People are streaming into Los An
geles now just as they have done IN
the past. Ninety per cent of these, who
remain a year, are most effective adj
vertisers and induce from one to a
score of their old friends and neigh
bors to follow them here. 1t is an end
less chain procession and it will hold
up the market for residence property
and increase the already persistent and
unSatiSfied demand for good houses to
rent.
Farm Lands and Orchards
Back of the cities and towns is the
country. 1t is the original basis of all
production. Not it's markets but its
farms sustain a state. Factories will
take care of any surplus. The growth
and future Of manufacturing in a
broad sense In Los Angeles is another
story and a most interesting one. But
it was climate and scenery and orange
groves that first made Los Angeles
famous, and they can all be found and
enjoyed most in the country. The or
ange groves are high priced in Southern
California. No wonderi Look up the
figures as to the incomes they produce.
The alfalfa field brings hundreds Of
dollars for acres that perhaps look no
better than eastern fields that sell for
much less. But verify the tonnage and
the profits from those acres.
For the man who cannot buy land
at several hundred or a thousand Or
two an acre there are cheaper and as
productive lands, their value diminish
ing as their distance from Los Angeles
increases. The foothiI lands of Tulare
and Fresno counties are demonstrating
the truth Of comparisons with Red
lands, Riverside, Pasadena and Mon
rovia. With the development of water
the broad pastures and enormous grain
fields Of the great San Joaquin valley
are from end to end coming into cul-
tivation as deciduous fruit orchards
and alfalfa meadows. Farther north,
in the Sacramento valley and in smaller
valleys, lands are just beginning to at
tract attention that eventually will fur
nish living and much more than a
living to thousands of persons. And
agents who know them and have them
for sale are here in Los Angeles, ready
to expatiate on their advantages and
| their prospects.
But, as was previously said, all Of
the land in California is not good. AMI
much of II is better than a very great
deal of 1t that looks quite as good. And
in buying agricultural and horticultural
land, above all kinds OF real estate,
it is necessary to deal with the thor
oughly reliable, conscientious, expert
enced real estate agent. Members OF
California State Realty federation must
explain to a committee OF the organi-
zation any conduct complained of by
their clients. Other agents are re-
sponsible only to the law. And the law
| Is expensive and tedious and full CT
techniealities. The criminal law will
not punish an agent or a vendor Of
property who declares that orange trees
will be commercially successful in a
valley where the temperature In win
ter is far below that of the recognized
orange districts. It will not prosecute
people who assert that you can go into
Lower California (Mexico) and flourish
physically and financially on land
where water has not been developed
and may never be developed, where the
climatieal and social conditions are
such that Mexican officials Of the high
est standing admit that Americans are
not likely to succeed.
The law does not prevent the publica-
ton of advertisements that lead one
to believe that an acre or ten acres
of eucalyptus trees five years old, on
desert land costing $50 an acre on
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