The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-11-06

price from $4,000 to $4,000 there are
firms right here at home who will
gladly build them and sell them on
the right kind OF terms.
Topeka has received during the last
week, great deal of advertising thru
the courtesy extended to the Teachers
association, according TO J. L. Hersh,
assistant secretary of the Capitol
Building & Loan association. Topeka
should live UP to this reputation, he
says.
Thepe are hundreds of houses in
Topeka that could very near be con-
sidered a disgrace to this town. They
are needing paint; the yards have
grown up with weeds and are not kept
in any shape at all; the walks are in
poor shape. IF some one would get
to work and buy some of these houses,
fix them up and clean them, they
would be doing a service TO Topeka.
to make nice substantial profit.
OF course, at the present time these
houses are occupied as homes, but the
living conditions in these homes are
not what they ought to be. The ten
ants are far from being satisfied with
these conditions and kick great deal
but can get nothing from the .Tnef-
Also, rents have increased on these
properties as well as on the better
class of property. We would like to
see some one take hold of this kind
of proposition. In fact, some of the car
penters who will be idle this winter
would buy some of these properties
and spend idle time on fixing them
up, 1 venture to say he would make
far greater amount of money on
few turns of property than he would
save from working straight time for
one year A great deal of this kind
of woEk has been done, but there is
still plenty to be done.
Topeka needs large apartment
house; Topeka needs hotel; Topeka
is a logical center for conventions and
Topeka would get the majority of the
conventions if it had the facilities.
Topeka also needs some men to build
houses for rent. But rents should stay
or increase to the point where the in
vestors would be attracted sufficiently
to give capital to do this. Rents
should be a least 81. 90 on the hundred
of the value to attract this capital.
Real estate is turning about as usual
and the majority of sales being made
are made on the cheaper property.
Property ranging from 81 500 to $4,000.
OF course, this is old property as new
property can not compete because of
prices.
The realtors did a service to Topeka
when they turned down the Kansas
City proposition. That is not only my
opinion. but the opinion of a great
many business men. Topeka can fl
nance their own housing proposition
and I believe the business men would
be behind it If the right plan is sug-
gested. Whatever plan Is suggested,
should be a plan that has been tried
and proven. The party suggesting
same should really know that it
would be a success and know what he
is talking about from actual exper-
fence and observation. There are sew
eraf men in Topeka who are ready to
build good city homes as well as sub
urban property, just as soon as ma
terials will meet a level and when
comm ODDITIES stop coming down. and
put on a fixed price level and guar
anteed for period of time. There are
also many people with plans drawn.
estimates made, who will be willing to
build, as stated before, just as soon as
the prices become fixed and settled.
But as long as one commodity and
another one and yet another one keeps
coming down, you can not expect the
public mind or the mind of the indi-
vidual to become settled and get down
to business and build.
We are ready at all times to assist
in all ways possible to meet all situa-
tons and we are doing now everything
in our power to help Topeka take care
of the housing situation.
The Capitol Building & Loan asso-
citation, during the past week. made
nine loans amounting to $4,000.
In order to avoid any misunder-
with agents. the Dallas Real
Estate Board requests all property
owners to quote property thru one
agent only, to any given person or
firm. If an agent wants price on
your property for sale or lease, inquire
of him to whom he is quoting it, and
then refuse to quote to the same firm
or individual thru another agent.
This protects you in every particular