The sun. [volume] (New York [N.Y.]) 1916-1920, 1918-10-20
Leaders Believe
That Opportuni-
tiesLong Neglect
ed Will Be Snap
ped up Quickly
and That Era Of
Heavy Invest
ment Will Bring
Higher Values.

Higher Values.
Peace, that state OF AFFAIRS which the
world has not enjoyed since 1914. is now
At hand. As soon as II returns the
world will remove its armor and take
I'D once more the pursuit of business.
The return to peaceful enterprise will
mark the beginning of one Of the most
wonderful business and development
periods In tho history Of the city and
he country unless all signs fail. For
four years progress has been held back
By the exisencies Of war. As soon as
these demands arc removed attention
Will bs again turned to the affairs which
have been neglected for SO many years
while the world fought that peace might
be assured for all time and that business
might not again be interrupted by a
power with false ambitions. Every
trade industry and profession naturally
will be benefited by the return of peace.
1t is the belief that the real estate
field will be visited by a great wave Of
popularity. the like of which has never
been experienced in the local market.
Prophecy is made that the ownership Of
New York real estate. centre Of America
and for many years to come the centre
OF the commercial universe. will attract
money from every corner of the world
for investment here. Professional real
estate men and investors too talk Of
the future in a way that gives founda-
ton for the widest imaginings regard
ing the real estate situation following
the return of peace.
Booms are well known to real estate
men They are periods Of excited trad
Ing based on conditions which do not
warrant the volume of business trans
acted, As realty values are lifted by
excitement to unstable levels booms have
q harmful effect and naturally are dis
outraged by real estate men. Though
certain Of great Opportunities real es-
tate men are not doing much to exploit
them for fear of creating a boom con-
dtion.
The inactivities Of the last ten years
resulted from the great volume OF trad
Inc in New York real estate which fol-
lowed the Spanish war and continued
without abating until the panic of 1907.
During those years property values were
srried far too high and recession set
N when the excitement was killed by
The panic.
Real estate values are now as low in
most instances as they are expected to
Co. They are at rock bottom, accord
ing TO l1any authorities. and there will
BE- no moro sliding backward. In fact
the entrance of America into the war
slfened prices In almost every section,
yet much property is still far under its
Intrinsic value. It is one of the odd
workings of the war how general real
estate values have not moved In SYM
pathy with the upward trend of prices
Of most other things. Even rentals have
moved upward.
OF course the reasons are evident.
The Government wanted money to sup
port it's war activities and the banking
Institutions OF the country held the
funds. usually set aside for investment
IN real estate. at the call OF the Gov
eminent Then the Government placed
restrictions on structural developments
which had the effect OF hating the
purchase OF property for improvement
The wonderful manner in which the
people have supported the Governments
financial programme by subscribing for
Liberty bonds took a lot of money
away from channels which led into the
real estate market.
With the money market and build
Ing industries controlled by Government
restrictions the opportunities which the
market presented could not be ac-
eepted. The time is near AT hand
when financing will not have to be
sanctioned by the Government Then
real estate men believe will come a
tide Of buying that will attract many
10 the real estate field just like the
Upward movement OF stocks brought
many into the stock market during the
early days of the war. Bargains will
disappear quickly then.
According to well informed real es-
tate men now Is the time to enter the
market. But when others are willing
I" cell and as rule the seller will
meet the buyers terms. To do this
requires some capital because, as has
peen pointed out, no financial support
eah be expected from banking institu-
TONS until the fight Is over and Germany
whipped.
Few thousand dollars now will have
Neater purchasing power in the real
s.a'e market than many thousands of
uoHsrs when peace has come because
mere VIII be too many In the market
men Tor many opportunities such as the
market now offers. Three thousand dol
,'rs were made in the resale OF n build
s IN Beekman street last week.
strange 10 say. the buyer borrowed all
wy sIVO OF the amount placed on the
,nTact but the money did not come
no,n banking institution. That 500
"u 'he money secured from other
,ptceS melted the man who Just resold
'"s property $4,000 profit.
ms Is one OF hundreds Of properties
vi the market that will bring good re-
IT'S II bought at present day figures.
70 brokers in any section OF the
.y and they viii enumerate many prop
e.ues which they are willing to guar
T Tee can be resold at good profit. On
.Nuay last man who had never
SEQ real estate entered a brokerage
sre on lower Broadway and said that
e MAD been told that the market held
ny opportunities for making money
~ nat Is true" said the broker. "In
- seventeen years 1 have been In the
"a SaI estate business / can safely say
ss,S was never time when the realty
'iu orered more TO the investor"
WIN relative the visitor bought q
sIlhg, each putting up $500. They
sht the property for investment be.
AuAe the gross income from the mouse