Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1911-06-20
Fritz Explains a Few
Things TO Henry
and Robert

again. Let us have another talk on
the lot question.
Fritz Well, what is it you wish to
know? If possible | will help YOU
out.
Robert Since Henry and | have
bought some of Koehler's lots we
have naturally been trying to induce
our friends to buy, for we would like
TO have them live near rs, and while
some OF them have bought, Others
VINO are not ready to build home
put simply want to invest their saw
lngs, are hesitating, thinking that
perhaps they could do better 10 buy
something near the street car line.
Fritz-lf | remember right | have
explained that question to YOU once
before. You remembr, Henry. also
had the idea that property near the
street car line would be the best to
buy Tor investment purposes, and as a
rule such people who buy for the puf-
pose of an investment, unless they
have had previous experience, don't
stop to think Of all the necessary
things that tend to make property
valuable like an actual home-builder
does. In my opinion property, unless
there is something besides street car
line or nice scenery to make it valu-
able, is actually worth less than moth
ing Tor home site to the person who
is dependent on working somewhere
for living. When we talked about
this before we figured up that if you
went home for dinner your street car
fare at tive-cent rate would run up
to about $4,000 year. Let's see: In
a lifetime, of say, forty years, this
would run up to S2400.00. Then we
have not taken into consideration at
all that the wife will want to go to
the city once in a while, and that the
children will have to go to school. /
have always preferred to own my
home within walking distance from
my place of work; the walk in the
open air was good for my health, and
the nickels that | would otherwise
have to spend for car fare / save, and
as they accumulated, / invested them
in real estate located within walking
distance from labor employing insti-
buttons and the result has been, when
ever | wanted to sell / had no trouble
in getting back the amount of my in
vestment, with fair profit besides,
and | find now as | am becoming old
and unable to work much, that these
accumulated nickels come in very
handy
Renry-DO you see Robert how it
works out? Yes, yes, | have in a
way always understood it, but / was
unable to explain it so forcibly to my
friends.
Fritz "A person learns most of these
things from personal experience.
Another thing that l have always
borne in mind when making an
investment in building lots is, never
to pay over one hundred and fifty to
two hundred and fifty dollars for a
lot; rather below this price, for when
/ held such lois long enough, until |
could double my money, they were
still cheap lots and the price within
the reach of a laborer, whereas, had
paid four or five hundred dollars |
would have to get from eight to ten
hundred dollars for it in order to
double my money, and | want to tell
you there are about fifty people who
are able to pay from three to five
hundred dollars for a lot to every one
who is able to pay from eight to ten
hundred dollars. Therefore my OPP
portunity to sell is at least fifty times
as good If | have low priced lot to
offer.
And again, if | have high priced
lot to offer | have the further diff
Guilty of finding my customer, because
he is not laborer, while if | have a
low priced lot to offer | can hope to
sell it to fellow laborer whom |
meet every day.
Robert can see, Henry, that Fritz
has these things figured down pretty
good, and | have believed from the
beginning that he knew what he was
doing, and have felt perfectly safe in
buying when | found that he had
bought there himself.
Fritz-Fll tell you if a person wants
to make any money in buying
property on account of such develop
| mentS as a street car line he must
buy it before anyone ever dreams of
the development for when the devel-
| opment is there the other fellow has
already squeezed all the juice in the
way of profits out of it, and you will
have to squeeze pretty hard to get
| any more out of it. Did it ever occur
| to you that there is very good posi-
| bility that some day, not so far dis
| tant, the street car line may be near
| these lots we bought from Koehler?
Henry What!
Fritz-You have all heard that line
| is to be extended south on Third
avenue to the railroad crossing this
year. Well, / have heard it rumored
| that the next extension after that
will be south to Sherman street, and
| then west on Sherman street, and /
| think this rumor is well founded, for
| the street car company does not build
lines for the fun of running cars on it,
| but it is traffic they are after, and
| they build where they can get the
| most; and as from this part of the
city the chief travellers are the ladies'
they are very apt to build their line
to where the most of them live.
Robert believe there might be
something to that rumor, and so far
as the building of homes is concerned,
that has been extending westward in
that part of the city for years.
FRITZ am absolutely satisfied that
those lots of Koehler'S, between Sth
and 18th avenues S. and between
RoSecrans and Thomas streets as well
as the property between West and
Sherman streets and west of 10th
avenue south, which he expects to
also cut up into building lots is the
best bargain offered anywhere in the
city today.
THE SALE OF LOTS IS NOW ON