The San Francisco call., 1910-02-26
LONG LEASES ARE
EVIDENCE OF FAITH
Conditions of Realty Market
Based Upon Most Substan-
tiaI of Considerations

tAe%A VI SO1Sl0&l oklOuS
The largest. consideration in view in
relation 70 San Francisco realty is
found just now not in the daily trans
actions in which buyer and seller meet,
but IN the conditions that are so stead
ily improving that they are q matter
Tor general expectation. A flne and
constantly improving market is prom
fsed with certainty. Large deals are
pat through with little notice. They
are not numerous enough to cause any
thing like a boom. but money is lower
snd easier 10 get: insurance rates are
quite certain TO be lowered on resi-
Dental properties and probably on
business properties in the city; the cut
OF Of the Southern Pacific company by
way Of Dun barton will soon be in
operation. and new tracts OF large size
IN the city are 10 be opened. subdiyided
and sold in handsome sized lots.
The values OF properties in the sub
Irbs. and not least conspicuously along
the san Francisco peninsula, are stead
ily advancing. and they are backed UP
by certainty OF better transit TO pro-
mote and continue 10 increase values
far beyond the present market rates.
OTHER CONSIDERATIONS
Brokers who are engaged in selling
local real estate at auction are able to
bring owners and intending purchasers
together on terms that are seemingly
satisfactory 70 both sides concerned in
the bargains that are agreed upon
through the auction processes.
The banks show such statements that
the financial condition of the city is
pronounced by President Gerstle OF the
hsmber OF commerce OF San Francisco
and b. other intelligent observers TO
he better than at any time previous.
The conservative course that the bank
ers have pursued is generally conceded
10 have given q stability and certainty
that have worked for good and that
nave intrenched san Francisco finan-
cislly in the first rank OF American
cities.
TIE building operations are mainly
Of two descriptions. One sort is the
g. lass A, class p and class e buildings
going up for business purposes The
other is that including the allied fats
and apartment houses, both adapted TO
housing z class OF citizens that is
dstions and that is not ready TO build
private family homes for one family
e. ch.
HOMES IN NEW TRACTS
The homes as distinguished from the
put Up considerably in the newer tracts
OF the city. They are OF medium cost
and substantial construction.
The recent architecture in this city
seems 10 take into account appearances
and all modern conveniences more than
al any previous time.
The tracts that are set apart for
high class residences and regulated by
calculated TO preserve
pleasing neishborhoed characteristics
have been SO popular and have led the
way 10 making life in san Francisco
plea SAINT 10 such a marked degree that
the openers Of new tracts express con-
fdence and belief that an assurance of
a good neighborhood viii always be
a valuable consideration in
the erection Of residences of q better
sort The Preside terrace, the Jordan
tract and the Bakers beach tract have
all pointed out the way for a good
class Of environments as applied 70
eligible realty as source of profit.
Not less conspicuously may be men
toned the operations Of Mrs. Fritz in
the Ashbury Heights district
POPULATION GROWING
In advance OF the taking OF popu-
lation census OF San Francisco il may
safely be predicted that the popula
lion IS increasing steadily People are
a large city affords its inhabitants
There is no other possible explanation
for the multiplication OF fats, apart
ment houses that represent large in
vestments Of money and the hotels that
are increasing in number Men of
money look 10 the interest rate that
rhey may reasonably expect TO realize
on their Investments as the leading
element OF the Indictment to enterprise.
The confidence that has been felt by
xhrewd men in San. Francisco is very
corspicuously manifested N the long
leases that have been negotiated re-
Gently. serae OF which represent in the
leigh borhood Of or even IN excess of
3 600. 600 each ard that have terms ex-
ending long beyond the present. some
for half q century ahead, before they
--fIf reach their final limit.
PATH IN THE FUTURE
The basis Of such leases are largely
found IN an exact realization OF the
r-esent conditions and the confident
Fo-eca sting of the future. The extent
~ the growth that half century viii
hiring 10 San Francisco can not be safe
" estimated by any man, for the rea-
son that the most ssnguine expecta-
lions bid fair TO be outclassed by the
realization.
The 80 year leases run as far ahead
~ fbe history of San Francisco as q
ssstfnctly commercial community runs
The past has demonstrated
.he vitality OF the city, and of the con-
.-ft,s,tary country, but fhe new facilities
for growth are on such a great scale
.hat they are in a class by themselves.
The next half century in San Francisco,
so the best observers conclude. viii be
80 FAR ahead Of the last half century
that there win be a most marvellous
contrast for the better. This confidence
makes the shopping in long time leases
~eer7 the part Of wisdom to moneyed
men. and TO those who have business
that must grow
x.rFcF<,s DEALS SIGNIFICANT
The transactions OF the current week
ave illustrative of the cheerful faith in
t,7e future that is the most common
nreseut mental trait in San Francisco.
-rl,e loans have been quite large The
+, announcements relating TO the inten-
lions OF capitalists as builders on either
fheir own or on leased real estate and
she contracts put on record for build
snrs are reassuring in all ways. The
.--tntrv. on account OF the large i'm
--fr-ratfou movements in view and also
be~suse OF the rains that have come
81 that crops have been favored. and
.sso because there IS easy money for