Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-12-26
SMITH SAYS NO DANGER
OF SHORTAGE or HOMES
Value of Real Estate in Any Ciiy
Depends on -Four F~unianicn-
tai Principles.
POPULATION GREAT FACTOR
Variety of Industries II Business
Opportunities Makes Community
and Creates Great Demand for
Property and Stnbilizrs Values.
ny ". II. l.. SMITH. .jIt..
Or Sales Department Of Morton e..
Ihnlhimrr

The value of real estate In any city
depends ON certain fundamental! rrin-
ciplcs.
First, the population Of the city.
Tho larger the population the moro
valuable the real estate. Tho more
people there are in "A city the greater
the demand for property.
Second. the diversity OF business
opportunities.
Tho creator the variety Of manu-
f~acturiug and jonbiug businesses, the
moro stable the city and the more
demand for property. cities depend
Ing on any one or two Industries are
subject to waves OF prosperity and
waves OF depression that affect adj
~cerscly the valUc and demand for real
estate.
Third. the strength OF h banking
interests.
Naturally the stroneer the banks
n n]nancia, Institutions. the more
money is available for the construc-
ton and development OF real estate.
Fourth, the loyalty and spirit OF
the population.
In cities where the city government
is clean and good, where sanitation
and health conditions are guarded.
where taxes are assessed justly and
WIN equity 70 all. people ave with "A
such cities there exists n spirit Of
Community growth" that helps every
line q business. every individual and
also the value OF real property.
Employs thousands.
~ Richmond We have "a oi;y that
embraces fundamentally all Of the
four aboyc-mcntinnal Nrirc3plcs. Our
business interests are larSv, lmpor-
p!oymcnt the year around 10 thoG-
sands %: mon u women. They OF
fer chances of advancement, .rpor-
tuni,ics Of comfort and wealth. to
those who Try hard enough for sue
cess.
The bank.ng interests OF our city
rate f~ayurabiy with any community
ia. thc United states II has ben
said that TINS city rates in tho first
ten of IN. richest per capita In our
country Sioncy has been ana is avail
poses. We arc 2ulldiug up ANA cN.
tending our huuu iari,s all the tim.
More houses, stores. factories, Office
buildings, 6anks. city imHroyemem;s,
which tho city, rs a whole, and Cach
o.: IT, citizons individuality, must ana
The Richmond Chamher OF Com
rercc, the Richmonl Real I:st,nc EN-
change and other civic organizations
axe c9nS;ant!y working for II" IN
-Hh ''L 80 = HNN
rev Industries here that employ poo
PIE and incrcaS" "a earning powers.
Git, l. Not Dependent.
i; can therefore BE- seen that our
city - not depend MT on any one or
two Things tUt Our prosperity. Farm
products do no. dominate Ua nor any
particular manufacturing or johblaS
line.
50 FAR "a "a shortage of homes is
concerned. We Mood nave ~" pcrmn-
nent fear %! this hurting III, growth
OF our city.
Thr prc>eu, lack ~ ucw building
IS not due to u lack OF capital NOS
ni"tei!al. u - a n~1iGrI. result OF tuc
ditlous.
!, is SAT-" 10 predict that the natural
amS A"".,my dgmnnd for houses fats
moMd
II is waiting fol r.he A.tsnaud 20
SHOW Itself iu a d.4uii. ~.uNuucr. ana
when that demand! comes .rhv supply
VIII he ready