Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-04-12
LOCAL LAND
HOLDS RICH.
PRIZES F OR
.SCRUPU[OUS
FNVES TORS
Now Is Time to Buy Real Estate.
Opportunity Was Never Better,
Declares Dealers - Future
viii Justify Claim.
Wonderful Trend North Sends
Acreage High = Subdivision
lists Show Faith in Oglethorpe
Section by Snatching Tracts.

Whoever believes that the last big
fortune has been made in Atlanta real
estate might well jot down his pre-
diction in this year 1914, which pc
Rod, perchance, he believes to have
arrived at a point beyond which the
price can not 60 Then two years
hence he might well bring forth his
prophecy to find how far wrong he
was, and give it ungrudgingly and in
good spirit to the public.
Many an Atlanta who has watched
the real estate barometer these many
years is convinced that the limit has
been reached and that ii there is any
movement in the near future it will
be on downward scale They argue
in the case Of central property that
tenants can't pay the present rents
and make fair profit, and that the
overflow from the badly crowded re-
tail district will be obliged TO seek
refuge in semi central Locations
which will in time become central
The pendulum, they declare, has
been swinging in one direction so
long that it must soon swing back
the other way.
investor and Opportunity.
That is the plant of the conserva-
tive citizen who wonders how the
upward trend can continue. on the
other hand, the investor who has
seized opportunities and become
wealthy sees in growing population
never failing chances to add to his
fortune. He argues that there is just
so much land about the city suitable
for the needs of citizens and that as
homes are constantly built farther out
and the population increases, the less
open land there is and the more val
liable that on hand becomes. That
is the, economic principle, and the OPP
timist declares it will work out true
every time.
In the days of Wesley Collier and
other pioneers land around Atlanta
could be bought surprisingly cheap.
Consider buying the Collier plat at
Five Points and the land now com
prising Ansley Park for total of
S24O, Consider also that many years
alter. as late as 1900, acreage around
Buckhead could be bought for $40 to
F25. and is now selling as high as
1000. Although Mr.. Collier sold the.
park property for 100000 and his
estate still holds the Five Points prop
arty, he was obliged to wait some so.
years to realize these enormous
prices.
Realty dealers declare that it is not
necessary to go back to pioneer days
TO find remarkable enhancement-that
NOW is the time to buy property,
and that with ordinary caution the
purchase is a ready money maker for.
the buyer. The next ten years, they
declare. will furnish the same rich
opportunities as the past, and people
who don't get their share of profits
will be among those falling to in
vest.
Era of Prosperity.
These prophets see in recent de-
velopments involving Atlanta much
greater era Of prosperity than the
city has ever enjoyed. They point to
the victory in the regional bank fight,
which will bring a wealth of capital
and host of new workers to Atlanta
and cause a degree of confidence in
the city that has never been APP
preached. There are many other in
Auences tending to add to this golden
age Of commercial supremacy all OF
which are contributing to the values
Of real estate through the giant
ltrides of citlzenry and industry.
The plaza plan, properly worked
out. will be OF inestimable value in
enhancing property in the center of
the city. and the gradual expansion
Of the city into the now country dis
tricts will send acreage prices where
they have never been before
Considering that the growth Of the
city is generally in a northerly direc-
ZION. it is apparent that land values
in radius Of three miles, with the
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