Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-07-17
By u. Is. Hawthorne.

y w. E'Hll'Nl NIEpl44a Real Ettatp
Association.
What Is the future for real estate
IN virginia? There Is every reason
that this question should he OF tran
sccndcnt interest 10 property own
"rs. 10 prospective investors. to re-
altors and In fact to All who are in
,crcstcd in the future development
and prosperity OF our state Those
who look with more or less COM
deucc for 4 material reduction In tn.
Price OF real estate and rent should
rot lose sight OF the fact that real
estate. among all commodities indis-
10 nsabir TO mankind. experienced the
least advance during the period o.
-oaring prices In all commodities
Therefore, the reduction. ana there
" III b. some reduction without utIcs-
ton. viii not he and cannot be 80
prominent as must come in those
commodities which advanced greatest.
cities and Towns Growing.
The population OF our cities and
towns is Increasing. This is evident
hy the fact that the housing prob
lem has been serious one in nearly
all OF our ccnters OF population As
Ear rs I can ascertain. there is a
fairly good market al this time for
building lots we'll located and re-
vival in building seems 10 have
started in many places. With rea-
sonable prices for building materials
and with labor willing 10 give tho
employer Il fun days work for fair
days pay, and. Furthermore if tho
tax rate on mortgages could be low
crcd-and there Is hope that efforts
- that end may he succcsstui-thcn
my belief is. capital would he readily
f4hl fn
am Of the opinion that the cities
II Virginia offer good opportunity
FOR safe conservative investments in
real estate. and with almost certain
prospects Of a material advance in
yaFuc. ! am especially optimistic as
10 our coast Norfolk Ports
mouth and Newport News. When the
Gay comcs--and Il will comc-that
American shipping and American
commerce will predominant on the
waters Of the globe. then Hampton
Roads Will hc the gateway for tho
shipping Of the world and hcr cities
tho great commercial ccntcrs Of our
country.
Rurnl Sections FIXTURE.
Eut what of the future of our rural
sections. Have VIC any inducements
10 offer a prospective purchaser of
tions of the state there is emporium
ity al this time to purchase farm
properties at prices favorable Ia the
purchaser because OF the necessity.
for cash ny the owners, or because
Of the general wnfavorable conditions
prevailing as to prices of farm prod
ucts and cost OF production. Some
farmers will become discouraged and
sacrifice their holdings. just as Was
demonstrated n fcw weeks ago in the
stock market, when sound dividend :
paying stocks were thrown over
board. at ridiculous prices. Nothin =
az this sort has occurred or will oc.
cur in Virginia. but we can offer the
prospective purchaser lands at very
reasonable prices that need bat the
usc Of modern scientific methods OF
farming to make them wonderfully
productive. We have the prospect
Of improved roads. Of improved
schools and better laws governing
property interests. We have won
dcrfu climate conducive to health
and comfort, fine railroad facilities
IN nearly every section Of the State
and many other material advantages
that lead me To believe tina, he that
invests In the soil OF the Old Domin-
ION Al the present time and prevail
ing prices. can face the future with
confidence In his Investment
Thousands OF Acres Idle.
\ movement is now on foot to
bring into being great colonizing
and reclamation scheme whereby
thousands of acres OF our idle and
nonproductvc land will he reclaimed
and made useful and productive, and