The Greeley tribune., 1909-12-30

II would not probably be especial.
Interesting TO Tribune readers 70 20
, into the details Of the real esIal'
/. transactions OF the year
No Depreciation
So / viii sum up the matter nl
saving that there has been no utpI'
IfiaHan of values whatever on the
/ contrary the cases are rare Whtrt
lboth city and country real estate have
not risen In value in some instances
as msch as 100 per cent
] As said before, one yea" age
there was no apparent reason Tor
thinking that there would be any
especial activity along real estate
lines, yet the movement and the rise
i'm values were astonishing. 1t is
different this year II is known
that az least two railroads viii come
into the city, and that the street cars
will be put into operation. TWO
new buildings viii be erected upon
the Normal school grounds. new
high school edifCe will be built, II
is assured that there will be much
DEVELOPMENT in the downtown busi-
ness district Two or three new
churches will be constructed, Many
elegant residences are planned and
there is not the slightest doubt that
there will be rs many of these built
during the coming year as during any
previous year in the history OF the
town This is saying good deal, for
during the past year the number OF
buildings under construction at once
would average one hundred proved
by actual count.
The Greeley y-Poudre, the Denver
Greeley Valley, the Henrylyn and
other irrigation districts will be rap
idly pushed forward along the lines
of actual construction and bring the
water to some of the lands in those
districts and one year nearer to all
the rest of them. Large numbers
OF people will come to the district
who own or acquire lands in those
districts. Much improvement of
these lands will be made and there
will be general progress in the ter
-itory in all directions.
Under the present organization of
society, what political economists call
he 'unearned increment: that is.
he rise in the value of real estate
lue to the efforts of the community
Is whole, goes to the individual
,wner.
He benefits by the upbuilding ef- |
orts of his neighbors whether he |
'oes or does not do anything himself |
oward the Improvement of his prop
rty. 1t is a question that is debated |
whether or not society should be re- |
rganized so that the rise in the value
# real estate would go to the com
nunity instead of to the individual: |
nut with society organized as it is
he holder of real property has
marked advantage over the person
Who does not own any, in the strug-
lie to acquire wealth.
He may derive an ample income
rom the use Of the property to pay
interest on the capital he has invested |
md get rise in value besides which |
5 clear gain and represents neith-
r effort nor investment OF his own. |
Persons who go on year after year |
enting other peoples real estate do b,
lot seem to understand or realize |
his. Hence they pay for the use of
he property while the landlord gets
10Th the rent and the rise in value.
Entirely apart from the desire !
lave as dealer in real estate to
lave people buy land in order that
ny business may prosper, | should
ike to see everyone acquire some
'eal estate in order to have the same
advantage as his fellows in the strug-
,le for existence
Much Capital Here
Never, it seems to me- vas the out
ook so bright in the Greeley district
as at the present time. Capital is
in so fast, though, from out
side localities that local capital will
not, in short time, be able to ac-
what it will at the present
time. Already some OF the big in
surance companies are beginning to
send in money to be loaned and other
capital is learning that there is no
better security than the irrigated
farms of this district A large part
OF the money that is going into land
is capital from other states
I have no doubt that capital will
flow steadily into this district as II
has been doing and is now doing with
accelerating movement, until the in
terest rate or return upon the in
vestment is no greater than in east
ern states; viz, from to 5 per cent.
The effect is bound to be a rapid rise
In value OF our surrounding lands,
and corresponding profit on local
or outside money invested now.
When the interest rate between
this district and the east has been
equalized, the opportunity will have
gone by. 1t is to be hoped that the
people OF this locality are alive tc
their opportunity, and that five OF
ten years from now they will not be
saying with regret. IF only I had
Invested In the Greeley district il
1Q10p