The Detroit times., 1911-11-11
REALTY INVESTMENTS
SPEAK FOR THEMSELVES
w. W. HANNAH.
Well-Known Real Estate Man
Discusses Land Values In
Detroit and Suburbs.
w. W. HANNAH.

with the city OF Detroit rapidly ap-
preaching the million population mark.
real estate investments almost talk
for themselves" said w. w. Hannah,
OF the Hannah Real Estate exchange.
Mr.. Hannah has been in the business
OF buying and selling property in De
troit for SO many years that his knowl-
edge OF realty values Is almost sec
ond nature. That any argument at all
is necessary TO sell real estate at its
face value. Mr.. Hannah believes, is
due to the fact that people are slow
TO realize how great a metropolis this
city is becoming.
1t is common knowledge that the
value OF land advances with the In
crease in population" said Mr. Han
nan. This IL simply natural con-
ditlon. as the demand for land natur-
ally increases as the city becomes
more congested In population. Many
of our moneyed men can look back
few years ago and see where they
might have doubled their wealth IL
they only had had faith in their home
city. People consider 1t wonderful,
when they think Of prices occasion
ally paid for frontage in the business
district, but the men who look into
the future instead OF dealing entirely
In the present, are fully aware that
this city is just beginning its greatest
period of development.
Some people prefer stocks and
bonds rather than real estate invest
ments for the reason that they con-
slider the profit TO be realized may
come in a few weeks or months. This
is often realized, but the great for
tunes of this country have been made
by men who believed in land and It's
wonderful future. Take, for instance,
the great Astor estate, where the
head OF the family, some years ago,
left $4,000, 900 worth OF property TO
his heirs. This was the exact value
Of the Aston land holdings In New
York city at that time. This same
real estate is today worth more than
$150000,000 There are many in
stances of this kind In the United
States, and no one ever can tell the
& treat value which land in any big
city may attain when that city Is
adding 10. Is and 20 per cent every
year 10 it's population. This Is the
situation In Detroit today and II
makes but little difference where one
invests, whether In the city or out
side, in the suburbs, the increase in
valuation is as ceJsain as life and
death Even the small investor, who
has only cottage and a lot cannot
help but share In the city's prosper
Gus growth.
There have been many fortunes
made in real estate and there will be
many more within the next few years,
right here in our own city In the
last two years have travelled ex-
tensively all over the United States,
in the interests OF the National Real
Estate board, and find that, every
where, the big investors are turning
more and more TO real property for
their profits. Land becomes scarcer
every year. The population increases
and the demand increases. SO II
seems hardly necessary to argue with
any one on a subject OF real estate
Investment. Even IL a man does pay
what today may seem fancy price
for property, the same price will not
be fancy within the year, and In two
years or three the same buyer will
look back and think how fortunate he
was TO acquire his holdings at such a
low figure.
Detroit IL great city and It's fu-
ture has no limit. High prices OF to-
day will be low prices OF tomorrow
and lucky is the man who realizes
this and also lays his plans for city |
NJ million In hitnnta"