El Paso herald. (El Paso, Tex.) 1901-1931, 1920-10-22


\ tie contrary they have in many instances gained put
fact remains that whole they have not rssn III
market price in anything like the proportion OF com
odties during and since the City lots are the one
exception to the general rule Of rising prices Yet me
values there, greater values than ever.
After every war there has been period Of high prices
Of commodities and later the vacant lands have con-
maHded increased market prices IHre seems 70 oe some
thing In feFerish commodity and labor market that taxes
mems minds off sterling solid values Of land; perhaps
because there immediate great pr0IL 70 De l1l anu
purchasers must wait for the increase which folks IN
hectic state Of the country don't feel ike doing.
It is when things begin to quiet down and return 70
sanity and normal balances that people begin to take noee
once Of the solid values IN land There IS only SO
much land be had, only much that can be used %
advantage One may say that one piece Of land IS as ge2a
another but great variety Of factors enter IN to make
that assumption fallacious
Leaving ont Of consideration farm lands, It is vel known
communities the most Ie1arkaDle dIereces
develop between lot values in place and another seem
iugly at first glance, equally valuable. Surroundings
topography transportation all enter in but there Is some
thing almost ndefiHabe too disposition Of people TO 1--we
one section and TO avoid another. Often cities develop
without apparent in certain directions and people
60 with the crowd Efforts TO control these things are
generally futile.
N wen established city vacant city lots take
certain value which Be asceaned by careful consider
alton Of al the material and human factors entering IN
Advice 81 epriencea students Of realty values and
municipal growth and development Is valuable to enable
one to avoid mistakes in purchasing
It often pays TO buy vacant lots and hold them for the
inevitable Use But this Is game for With surplus
capital who afford to wait long necessary Tor the
investment to WsFk itself cut Folks Of moderate means
VIII do better to put their vacant lots into to build
something them, either to use themselves OF to rent o.
sell again
81 Paso city lots viii never be any cheaper than
1t certain that there VIII be substantial increases IN mar
st prices and IN demand for city property in the near
future u Paso is the verge Of remarkable period OF
development, and there VIII be increases Of population 70
take Of, and consequent competition for ownership Of
desirable land
If one buy with any discrimination at all after personal
examination and careful consideration 1t is practically i'm
possible TO lose And the opportunities for profit are ever
present If is prepared to await the right time toE the
81 Paso CITY lots are STANDARD asset Their market
ability is increased many fold by building on them Out
Bliss there several groups Of new residences
under construction every Of which has been sold before
The building was more than half completed This is the
common experience of builders.
One thing that rstards the undertaking Of new residence
construction numbers demanded by the growing popu-
lation uncertainty many minds about the eest
People general idea that It unusually costly 70
build buy Just But the fact is there has been
substantial decrease in the cost Of many elements entering
into the construction CT residence and contractors are
prepared 70 bid at closer prices than they have for some
time
Why wouldn't 1t be good idea for the architects,
tractors general and speca material men, and organized
building trades in FL Paso get together right now and
formulate definite plan for promoting new residence con-
struc0n? If they VIII start il along rational lines, the
hanks and mortgage and trust companies VIII no doubt be
willing to cooperate TO any reasonable extent
One way iso unite IN planning standard houses in con
siderable variety 10 suit all tastes and pockethook but
planned suIy with particular reference to reducing cor
sruc0n Architects could devise the plans with the
members Of the organized building trades who would sug
gst every possible way 10 eliminate SPECIAL costs ana
bring the total down to a minimum.
Then the contractors could al figure the various
standard houses cooperating with the material men, and
work out schedule Of costs for each standard house
ANY contractor in the city would then undertake 70