The Washington times., 1909-07-24
Totals. I,S09,954 251l. sg7
81. 602. O33

The increase argues a great deal for
the Opportuneness OF an investment at
the present time, but IL does not argue
conclusively. 1t remains for the real
estate broker to show whether the op-
erations have flooded the market. and.
consequently. weakened demand.
In the answer OF the broker is found
the real impetus 70 an investment: the
last stage OF the talking power of mon
ey, where the sign Is 80 ahead. Epit-
omized. it is this
The market has not been oversuppued,
but, on the contrary, the majority of
the new buildings have been sold before
being completed. Practically all of the
operations OF the winter, spring, and
early summer have been disposed of.
so that the range between supply and
demand is practically the same as at
the beginning OF the fiscal year last
summer.
With this as the situation, operations
70 the extent Of at least S1,O00O00 NAV
reasonably be expected TO be made In
the northwest section this year. The In
vestor who gets ia on the first one
million viii be safe. And. there is ever.
probability that this amount may be
doubled with equal security, for, with
more favorable conditions prevailing
than was the case a year ago. the
market may demand It.
Attract Eye of Investor.
Three classes OF property-business
residential and suburban. attract the at
tention OF the investor n the north
wegt section. While between each is
60 be found the distinction that exists
In every city among the same classes
Of property, the chance Of realizing
profits from Investments made in each
varies but little. Each has contributed
its proportionate share 20 the general
increase in land values made in the
northwest section during the past twelve
months.
II any distinct movement has. been
noticeable IN the relation the three
classes OF property bear each other Il is
that the business section has been grad
ually extending northwest al the same
time advancing the residential and sd
burban sections. This has had the ef-
feet Of stimulating business property
values out OF proportion TO the values
OF the other sections, for the reason
that there has been less available land
30 satisfy the northward movement in
The central business district.
The purchase by the Government OF
the south side OF Pennsylvania avenue
Tor public buildings Is more responsible
than any other factor Tor the increased
demand Tor property II the business
area Of the northwest section.
IN this immediate area the lines Of
growth have been principally north from
+ street 10, and including. New York
avenue and west Of Seventh street 10
Fifteenth street ConserYatlvely esti-
mated the growth has made an increase
OF 10 per cent IN the value Of property
comprised in the area.
with q 10 per cent average Increase
recorded since the panic OF 1907 will in
vestments made al this time IN the
downtown business section prove profit
ADLER is q question being generally
asked.
The almost universal answer made to
the question by persons closest in touch
with the situation Is that the business
section may be expected to practically
double this increase within the next
two years. While tho Government
Pennsylvania avenue policy has been
announced. II has been only partially
put into execution, and several years
may reasonably be expected TO elapse
before SIS full effect in stimulating prop
erty values north OF the Avenue will
be felL -.
Influence Radiates North.
with the area between he streets
above named constituting the core Of
HlE movement AgWdA4 llCttubtl hdluc5s
its Influence will radiate north. east and
west. as the Government pushes its op-
erations along the avenue. So far, IL
has been what the Government expects
70 do rather than what il has done that
has been responsible for the stimulation
Of prices.
For this reason, the investor, regard
less Of what part OF the business section
he places his money In, cannot 90 far
wrong on his speculation.
Conditions IMPLYING the real estate
market, as II exists in the northwest
section, and ia Washington, generally,
for what IS true Of one IS approximately
true Of the other. may be found on one
street IN the northwest section. This
thOuoughfare. one Of the most wonder
ful of any city in the United States,
IS Fourteenth street.
Fourteenth street tells practically the
whole story of Washington's remark
able growth. Like q huge thermometer
lying across the District, from Pennsyl-
vania avenue 10 the most nOrtherly
subdivisions. IL reflects the percentage