The San Francisco call., 1910-01-01
REAL ESTATE BOOM
PREDICTED FOR CITY
Abundance of Money for In
vestment Causes Increase in
Inquiry for Property
By SPENCER c. BUCKBEE
OF shsinwsld, Buckbee & Co.


Real estate is always the last to feel
Z decline, and also the last to feel an
improvement. The conditions so far
seem favorable to an improvement in
real estate. The bond and stock market
IS active Securities are high. This
activity is bound to benefit real estate
in it's final result.
The general business of California,
al well as that Of the country al large
is good. The retailers of San Fran
cisco all say that the Christmas trade
was the best they have ever had
better than ever before. People bought
luxuries and did not ask the cost.
This all shows that there is much
money here. Real estate is bound to
improve because there is money. There
is better inquiry for property and
more building is going on and great
deal more is being planned.
TRANSACTIONS IN MILLIONS
The figures OF the year will show
that. notwithstanding seeming dullness
in the realty market that the aggre-
they represent many millions of CAPT
tai invested by people who see profit IN
holding San Francisco real property
and have confidence in the future for
that class of holding.
Very large investments have been
made recently. The building progress
OF the year is represented by structures
that are ornamental to the business
centers Chief of these is the Palace
FaI
ss.0oo,o00 with the ground and per-
haps more. That alone is something
TO be proud of, considering how ra-
Gently all the business parts of San
Francisco were destroyed by fire.
PREDICTIONS COMING TRUE
Distinctly We are making so much
better showing in the matter of build
ings, in the matter of architecture and
in other regards that we are entitled
to feel confidence in the future. The
predictions that we made in 1906 are
coming true.
In less than four years after dis
aster unparalleled in history, we are
planning n international exposition in
anna canal.
The people of the state are making
many provisions that show they esti-
mate the future correctly.
The state has appropriated the sum Of
$40e, 600 for the Improvement of the
Sacramento and San Joaquin rivers and
has asked congress for a like sum. The
hsrbor is being extensively improved
by prolonging the seawaI and by the
making OF many water lots, which are
suitable for warehouses, and which,
when interlsced by spur. tracks, viii in
crease the business efficiency of the
water front very largely. The legisls-
ture has appropriated money to buy a
large number of submerged lots in the
Islais creek basin and if the state OF
California votes in such way as TO
sanction what the Legislature has done
four miles Of wharfage will be added to
the citys commercial equipment.
BETTER THINGS EXPECTED
The year 1909 has brought about the
beginning of operations by a new trans
continental railway. the Western Pa
cifc. 1t has also brought about the in
stitution Of large schemes for the de-
fense of the city against fire.
] do not think that l hazard much in
saying that the year 1910 will be a very
much better one for real estate transac-
tions than the year 1909 has been Ever
since we were burned out we have been
enerBetically paving the way for a new
city. The pace that we have set insures
q better city.
The better the city is in the matter
OF safety. the more ornamental it is in
its buildings and the better provided it
is with modern school houses and with
sanitary provisions, the better it is to
live in and the more it attracts outside
capital and outside population
We can look forward to the 12
months of the present year with con-
fdence