The Richmond Virginian. (Richmond, Va.) 1910-1920, 1910-08-27
EXPECT GOOD FALL
IN REAL ESTATE
Dealers Look Forward to Season
of Great Activ-
ity.
HOMES BEING BOUGHT
BY WORKING 4
Great Numbers Buying. Small
Places or Acquiring Sites
and Building-Houses in
Great demand.

rear estate business Is recorortuk 81
from the dull Iethargic state In whtrska
It invArla1 iy falls during the montti9
or July n August. AS compare63
WITH the previous week. for instances
when hardly mere esaan u score Oh
sales were made throughout the en-
TIRE city, practically every agent 10
RICHMOND inquired in two or m0xo
deals during the week just ending.
1t Is quite true that these saleAI In
most were comparattvolya
small ones. There were no deals m
volvtng many thousands Of dollars
Nevertheless there were sales and
better still there remain many ..pro9-
pects.' And SO the agents. always
more or less optimistic, are iHeliaA4~
to look upon the immediate future
as being roseate.
kenting business Brisk.
The business OF renting apartmen1SA
probably will be brisk util Septembess
/, which is the day chosen by q M
Jority OF Richmonders for moving ss
Incidentally, there are not q FEW
Richmonders who are doomed to dis
appointment In this connection. Theeu
comprise the class slow 10 make M
their minds. Deciding to make III
change. they have neglected to renew
their old leases. and while alm01t
decided on h new residences thapfs
wish to occupy. they ave also ne9-
lected to fill out new leases. probably
Intending" as one agent who does aal
enormous renting business. expresses
1t. ito sig up at the last posstb1a
moment
"A lot OF these people have a sur-
! prise in store for them" continued
this agent. when they finally coma
to sign up. they will md that the Eood
! things nave been gobhled up willis
they waited. During this very rec
number Of houses and apartments
have been rented, which, in some
cases, three and four families were
considering
The activity in the rental business
alone has been almost sufficient -
keep the average real estate deale9
from worrying bou business. but IN
addition to this.s within the next feN
weeks, the number of new iesyeN9
and lessons. will decrease rapidly, and
their places. SO far as the teal estate
world is concerned, will be taken by
a new set of patrons These latt1Ha
Ii present prospects count for any>
thing, Will form a small array OF home
buyers and builders.
OF these latter there are many, ~
many indeed. that IL Is well nigh cor
tain that the automobiles and car-
riaxes of the various dealers viii 10
fA8 tffS~r0ff04
saleable sites to the prospects.
And the number OF these IN
prospects" according to c~oncensua
of opinion among real estate men. -
steadily increasing. not only ~ tho
business eason returns, but from
year to year.
Are Buying Homes.
"The Why pay rent idea hAo
been seized upon by the average saxeS
oriaA n nptit ~ has hnnnvnA nh0AXH
iutely general" said one prominenfS
dealer. "A few years g It took l04Mz
OF talk and persuasion. and = dit
play of all soi>s of facts and figures
to persuade the average man wcrkinxs
for a moderate salary that In thMe3
long run he would actually m&kNs
money by owning his own home. II
was not that the man failed TO Re-
lize the truth Of this last arguments
The truth was s~elf-evident. But mo1eg
of them hesitated to shoulder such ~
large burden. They preferred to pA1a
out their monthly rental ratheF thu
go into debt for their own home.
To-day it Is different, and contiuS8
ually getting more different. II 10 n4@
longer necessary to with q mM14H
as to the d~eslrability OF owning hfoE9
own place of residence. He Z -
fued HI out with himself. He doS1s
not want to pay rent. and at last hMa
has realized that instead of shoulde1N3
ing q debt he is really putting sOm0S
thing by for the future when he puH@8
chases land-for the land il aIWalxE
there and money sunk in land the
days Is the same as In bank. oUN 3
better, for the land usually yield98M
percentage of profit which makes 4l4@
interest offered by the bank 04NN[#
aAs a result of this growth u h