The Washington times., 1908-07-26
Dealers Are Satisfied, How
ever, With the Present
Conditions.
DULLNESS IS DUE
TOHOT WEATHER
Buying for Investment the Feature
Summer Business-City's
Suburbs Attract Many.

one Of the quietest weeks o. the sum
mer in the realty field has ius- been
passed. but dealers Offices we're neither
deserted by customers nor bare OF bust
ness. The real estate firms are pra cti-
eally unanimous in agreeing that the
amount OF property changing hands is
comparatively smaI, but in view Of
the known coadilons - be expected
The comparison itself = wirn the great
activity Of previous months. and as the
market even now cannot be called act
ually dull, wIthal, the dealers are Will
Ing 20 find satisfaction with things as
they are
One OF the striking features 70 be
found in such business as has been
done is the buying OF properties for in
vestmeut purposes This has not only
been taking The form % buying OF indi-
vidual residences for occupancy by the
purchaser. and the purchasing Of house
or building for the income yielded By
the leases, but the buying OF vacant
land IN the outlying parts OF the Dis
trict. with view OF keeping Il as a
permanent investmeut-permanen that
ls, until the appreciation OF real estate
throughout tlle District IN general shall
make eventual sale an exceedingly
profitable transaction
Wisdom Of Buying.
The wisdom OF securing a piece Of
land. holding 70 IT,, living on 1t. or cul-
tivating IL making sure Of one place in
the world where no lOne can dispute
the right Of existence.i is being more
and more realized throughout the coun-
/ Try Tho rich have aIwaysN owned land
| The foundations Of many eRlossaI for
| tunes Of today were laid in land.- which,
considered then 70 be too far into 'the>
country ever 70 be subject 20 ap-
| probation. is now IN the heart OF some
great lily. the site Of railroad JsrriDi,
hotel and great business marts.
OF ate years, however. the people Of
! mod ate circumstances have made the
I disc cry that they TOO. can buy land.
1 tha- ey can be landed prOprietors none
the --ss fer all that their holdings may
/ be mail The desire that sleeps deep
1 VII I'D the heart OF every sane. healthy,
I active individual 10 own his own nome,
/ no natter how humble that home
/ ms De, : being reused more and more
J int action every day
-s result is that there are more III
! div -usl owners OF small parcels Of real
I estate IN this country today than there
Z ever Were before, even IN proportion 70
/ the vastly increased population And
+ with continuous growth Of this army
I Of homEseel1ers 10 be borne in mind. i
! would be illogical 10 deny the Inevitable
/ advance that must finally occur q
prices.
Go TO Suburbs.
In large cities. where Office buildings,
| department stores. great retail estab-
} lishmsnts OF all kinds are being erected
/ or organized. the greater part OF avail
I able space Is already filled, especially
I in the business sections. In nearly
| every city. however. there are sections
/ where vacant land prevails. In these
I suburbs the land for sale viii be found
/ 10 be much higher IN price now than
/ it was. say, ten years ago
Every city in the country, moreover,
I IS steadily growing in size. II follows
\ that year by year the present vacant
/ spots must be more and more en-
! croached upon. until they. too. become
! Fart Of the city, with the suburbs IN
| that coming time out beyond them. Just
| as the present suburbs are now out be-
| yo1d the cities proper.
/ The point OF this state Of affairs IL
I that not only is that which is true OF
/ other cities also true Of Washington,
/ hu- IL bids fair 20 have its truth ex-
I pounded here most striE4nGly. There
/ has baeu- IL is needless TO say, a certain
| amount OF land apportiOned 20 the Dis
! the Nation, the seat Of its government
/ the home Of the COuntry's lawmakers
I loE SIX or seven months or more OF the
! year. Washington occupies a position
4 distinctly unique among other cities,
1 not 20 mention its merits OF arCEi-
/ tectur3l attracUiveness and general
\ beauty
People Increasing.
| The population Is increasing. and IN
\ time the unsettled sections Of the Dis
/ trict VIII be few and far between These
| details show to the far-siEhted their
! opportunities for investment. the while
| they indicate to people of moderate
/ means the wisdom Of preparing. with as
! little as possible waste Of time. 10 pro-
! vide themselves with homes.
( During the past week numerous sales
I Of small lots have been made in such
/ sections as Chevy Chase, Mt Pleasant,
/ the so-called highlands southeast of the
] Capitol, the outlying portions Of Four
[ teenth street, and elsewhere Some Of
| these were for investment purposes,
| others for q hon. Which is which. IL
1 Is not always possible TO say.
/ The certainty is that realization Of the
! value Of investment in real estate n
/ the District Of Columbia is keeping the
I market in motion, and maintaining iC
/ safely above the stagnation that pre-
/ walls in the summer realty field in other
! cities.