Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-03-07

come is net, and there is nothing to be
deducted from 1t in the way of taxes or
of repairs.
In addition. it is pointed out that the
securities are liable to go up in the stock
market quotations, and that there is a
chance to get more than the amount OF
the original investment This same ele-
ment, which influences more or less nearly
all purchases both in the stock and in the
realty market, of course, applies also to
real estate People who want only an in
vestment, and therefore who are not sup
posed to care anything about current
movements Of the market after they have
made their purchases, are no doubt
largely led, in the first instance, to buy
certain things because they believe that
in the future they will be worth more
than at the time What stocks will pay
and what real estate will pay. or rather
does pay, is the underlying element in all
investment buying In other words, the
income-paying qualities of any kind o.
property is what determines its value in
the investment market.
Speculative Element.
At the same time there is probably no
one in search of an investment who does
not take into account the chances of be-
ing able to get an advance in the case he
should wish to sell. Of course there Is
not much chance of his wanting to sell If
it is really an investment and not spec
uIation that he Is going into. Still that is
the way nine people out of ten look upon
an investment. 1t is on this account that
the present depression in the security
market is turning the attention of in
vestors to the real estate market.
1t is not meant to be asserted that no
such time as this comes in the realty
market, for such would not tally with the
facts But when such a period comes the
realty owner can comfort himself with the
thought that he is not entirely wiped out,
as he still has the property. The owner
of a security is not always sure that his
certificate of stock really represents any
value and sometimes it turns out that 1t
does not, and so the holder OF real estate
appears to have a substantial advantage
at such a time.
There Is Also Some Bother.
The latter may have his bother with his
tenants. who sometimes fail to pay their
rent, or are unreasonable about repairs,
and then he may have the worse exc
perienc of being entirely without tenant.
Such experience, compared with the Sc
curity owner getting his dividend checks
regularly without any bother appears to
give the superiority to the latter. AS
stated when the seas are smooth ana the
winds of prosperity are nlilng the sans
of the vessels of commerce, then such a
comparison is more striking than When
storms come. Then the firm, solld eartn
looks pretty good to the investor. and ne
is apt to rejoice that his feet are on sub
stantial place.
Addition to Business Building.
Ground has been broken for somewhat
elaborate improvements on the north side
of l. street between Vermont avenue and
18th streets. r. McReynolds' Sons car
rage and automobile builders, 1423-142o-
1927 l. street, having completed plans for
a big addition to their present structure
on the west. The lot has a frontage OF
Sixtv feet and a depth of 40 feet to a
wide paved alley.
The new structure is to be four stories
in height and one story will be added to
the present three-story building. FRO
renository and repair shop, with an cleo
trio elevator as feature.