The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1909-06-19
SPECK SPEAKS OF
The CITY'S FUTURE
Says S5,OOO,OOO to $4,000, 600
Is Here Awaiting Invest
ment in Real Estate
Trouble Is Neither Buyer Nor
Seller Can Come to Rea-
SOHabIe Terms

II know that from s5.OO0.O0 to So
100000 Is right here i'm the city await
ing Investment in reaa estate, but the
investors want property in fhe hest L.
cations. and al prices satisfactory 10
them-''-John II. Speck in an interview
John II SpecS the well known real
estate man. showed the confidence the
state had in san Francisco yesterday.
and he further showed that this city
must be in q prosperous condition or
investors would not be DESTROYS of put
ting money into realty
The sums that are seeking invest
ment, says Speck. range from $4,000
10 s25o.o0e while there are three in
vestors who want to put 100000 each
tn Francisco real estate.
IF this does not look as if we were
IN highly prosperous condition" says
Speck L would like some one TO give
me more proof"
A visit 10 any OF the leading archi-
tects will corrObors1e what Speck as
serts- They say that there viii be
great deal OF building done this fall.
and that many plans are being prepared
houses They point out also the num-
Der OF large buildings in course OF
construction. and wonder how people
can say that the town is quiet They
add that many Of our businessmen, &C
customed 10 the overwhelming rush
that followed IN the wake of the disas
ter. imagine that business is not as good
as it should be because there is no
rush
Men who come from the Atlantic sea-
board say that we are much better of
than any Of the cities IN the east; that
we are doing more business than some
OF the most prosperous Of their com
munitiees and that We have not the
slightest reason. 10 complain Of the sit
Uation-
SALES Can BE MADE
I'm my opinion the town is in good
shape" said Speck. There are, Of
course. q great many people leaving
the city for the holidays, but I am in
formed that there are not as many
vacant houses there used 20 be,
which. il true. is certainly a good sign
II have SAID already that there is
from $4,000. 600 TO 100000 in this
CITY waiting investment and that is
sufficient proof OF our prosperity Lots
Of sales can be made today If we can
get fne seller and the buyer 20 agree
ca prices
me amount 4 nave NAtAfu LlAEtN
are several men who viii put into land
$4,000 Gp 30 s250.000. while there are
tnree aueu VINO viii invest 100000
apiece and the most satisfactory thing
s5our ibis Is that the majority Of these
investors are looking for unimproYed
pIoperty- That OF course, means taat
they VIII build The majority OF these
prospective purchasers are san Fran
cisco residents. and 4 not residing here
are Califoruians. II is not outside
capital seeking city investment, but
cur own home people
There is some dimculty experienced
81 fnding the kind Of property the en-
weston is seeking. The man who mas
built does not care TO sell. and why
should he2 lie has gone TO al the
trouble OF building and probably mas
established his business in the new
place. He probably is getting an in
come out Of the building and sees no
reason why he should sell and nave
that amount OF money on his hands.
He naturally wants 70 sell at a pre-
MUM and the buyer thinks that ne IS
plsvfng 2 hoidup game. This Is what
has happened time and again and we
can not find fault with either party
Il wish 10 add however. that the
man who has improved his property
with first class buildings VIII be able
20 sell A q premium
PROFITABLE INVESTMENTS
..The man who has money should
not he afraid OF investing in city
realty. believe that the man who
buvs ard builds now viii be the man
who viii make money within the next
few wears. for there viii be probably
"a .-acsnt properties that can be had
10 one good improved piece.
II believe the market VIII be good
81 the fan. Ny reason for saying
.l5iS IS that many Of our prominent
merchants and capitalists, to use
vulgar expression. are now taking
their second wind. They have been
through the most harassing period of
4befr lives They have, in fact lived
- wears IN three, and are recuperat-
ing. Their businesses have been re-
esfs biished: at last they are having
time 10 look around them and see
where they can make money by in
vesting. ! have spoken 10 several OF
our big men and they have said;
Give me a little time and then we
will talk business Let me get my
business going first. and after that I
viii then see about Investments
OUTSIDE INVESTORS
1T must be considered also that
within the last few years a new class
OF investors IN San Francisco real es-
tate has sprung UP. A great deal of
money has been made by people in
the country and they are among our
buyers. I am informed that there is
every outlook for splendid crops this
season and that our farmers will make
good money this year. When this coin
is put into circulation 2 great deal of
II viii find SITS way to the city. Every
year. for the last two. there has been