The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1916-03-31
Developments of Next 10
Years Will Make All Real
Estate Valuable
Even So-Called "Wild-Cat
Subdivisions Should
Make Good


tales Of American development Homes and factories
rising like figures the fields farms
around Detroit but realities Almost overnight Detroit
has burst its bounds and stretching far beyond its original
limits.
quite wonderful however the remarkable growth of
the city much significant the fact that the in
in the cys population and the of its boun
dares of substantial nature and due to natural
Therefore, the present activity real estate and the
plating of subdivisions which being placed
the market felt be justified by those who have made
study of the situation whole There safer wiser
investment than Detroit real estate both in and adjoining
the city.
There is printed this page a letter from we-known
authority on real estate and its values written to William
ngstone president of the Dime Savings Bank The
short and TO the point but full of regard the
actual condition of affairs in the real estate market
today The letter written inquiry by one
of Deros conservative bankers wanted to know
inside facts about the present forward in land
development
1t will be to the advantage and interest Of every home
seeker and every investor in real estate study
letter carefully What reliable expert advice for the
banker and financial should certainly excellent advice
for the citizen who intends to put his her savings
lots.
The writer of this letter says with the great indus
trial growth great strides made financially in Detroit
together with the rapid strides population it as
Though most of real estate development justified espe
Italy when considers that all legitimate subdivisions
Transportation and improvements such water etc.
All Property Will Make Good.
ment which means much to every investor:
when understands that the average purchaser of
Hot takes from three to five for it, would
uray follow that the great increase in population
most certain to take place in Detroit during the
will have be taken of in the outlying
Therefore of the so-caled wild cat subdivi-
sions will have made good and many of them time will
have both improvements and transportation"
In other words the and reasons generating the
activity general and substantial that the great
OF real estate passing through the hands Of
into the hands of the public help but constantly
increase in value from on, matter under what con-
ditions it sod this writer.
The real big developments to come-greater de-
vclopments than the Ford build
ngs which startled the city recently These future develop
meus will be but another step the quickly changing pro-
cess by which the city is becoming Greater Detroit
But if these greater future developments should
never occur the city big enough for continued rapid growth
Just the basis of the factories which already here These
factories expanding by leaps boundspartcuary the
automobile pants-whe the big chemical plants down the
flyer promise untold developments.
Chemical industry to Develop.
The automobile plants outgrown their present ac
commodaons and several of the larger outside of the
Ford plant said be seeking locations in the down-river
section At least two of the automobile are
planning establishing their tire plants which will
added quota to Detros long list of industrial plants
The possibilities in the development the chemical indus
try down the river unlimited the stores
Of basic minerals hidden in the bowels of earth all the
downver properties There is salt and limestone great
quantities while the Of extracting the
a tar makes il Of the most important byproducts of
he down-river plants.
Ire Of munitions the manufacture Of both Of which products
49, IA