The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-04-03
LET LAND SNAPS
SLIP EVERY DAY
Younger Generation Not APP
preciative of Realty VAL
ueS, Says Dealer.
RENT WOULD BUY A HOME
TWELVE YEARS AS TENANT
COSTS PRICE OF DWELLING.

The masses Of the people of any city
are unappreciative of land values"
said local real estate dealer yester-
day. This is certainly true in salt
Lake, especially among the younger
generation The noticeable increase in
well located realty in Salt Lake IL
being evidenced more and more every
day IN the sales Of property which but
a rev years ago was considered welf
INTO the residence district and out OF
the question as future business sites.
Little enough did the owners OF real
estate near the center Of the city ap-
preciate few years ago how valuable
their holdings would be at this time.
The increase continues to radiate
widely IN every direction and the older
residence sections are being rapidly
absorbed for business purposes. ana
districts formerly regarded as out OF
the question for residence sections
are now in many instances built I'D
and developed into communities which
hold thousands of the people who make
up the city's population.
Rapid Transit Aids.
This development has been made
possible by transit development and
increased facilities. These develop
ments of facilities are on the increase
in Salt Lake and are yearly turning dis /
tant parts OF the city which once
seemed impossible into valuable city
property.
1t has been we'll said that the first
Investment which every man should
strive to make is the purchase of a
home in a desirable residence section.
The man VINO is satisfied 70 go
through life with no desire to acquire
home is his own worst deceiVer 1t
is true, through circumstances. many
VINO have the desire to own their own
homes are unable to avail themselves
Of it, but it is also true beyond a
doubt that the number who could and
DO not are very largely in the majority.
Men and women often thOughtlessly
express themselves to the effect that
they would not be bothered with the
care Of owning d home, OF that they
might lose by such a transaction. and
the sen-cOnhdence 50 necessary for q
successful life is necessary for a sue
cessful life is thereby suppressed. Lit
tie do they appreciate how their earn
lngs are consumed, month after month.
( by the payment Of rents for which thew
receive only a receipt and are assured
Of living accommodations for a period
OF say thirty days. There are others
who have desire in that direction. but
who are content TO say, Il am lust
looking around and Will wait" not an
preclating how much can be saved bv
paying rent to themselves in their own
homes.
Pay for Home in Rent.
1T is a well known fact that for
every twelve years that a man or a
woman pays rent the price of the house
thew Orpunv IL oo71er1z1oT orT -sslI 49,
are no nearer being the owner Of it
Inan they were at the start. The or
binary man often does not realize how
easy 1t Is to cl0the himself with thai
responsibility and what it means to
him. Where is the employer who is 50
dense that he cannot appreciate the
fact that the emplOye who owns his
own nome IS more valuable man
than the one who does not? Then, too,
the man with realty responsibility
naturally strives TO better his financial
condition and therefore stimulates his,
ambitions and self-cOnfidence, with
out which no one can succeed.
IN salt Lake alone. where the reaRy
market IS recognized as one OF the
most open, frankest and perhaps prof.
liable marts anywhere, there are hum
dreds OF chances going begging, Just
because there are not young men
enough "iLtiL4B 20 assume the reSDOU-
slblllty Of making themselves pay SO
or $50 month, or perhaps less, in the
endedVOr TO buy themselves a home.
The local dealers, however, admit that
the lnciinauOns for investment among
the younger generation is growing and
That One-third of the unimprOyed lots
are being bought by the unmarried
men and women Of the city. The new
additions which open up from year to
year ind among the buyers a good.
percentage Of young men and women
who, once having tasted OF the agrees
ableness Of owning something real.
acquire the habit Of buying real es-
tate"