The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-08-20

Tulsa Holds Her own.
During the war, Tulsa was among
the fCw cities TO 10 forward In
stead OF backwards In her real on
tate transactions. realty men de-
clare. Then came tho after war de-
probation with It's attendant Ills,
Tulsa real estate values were Mt II
standsttl. But they did not go back
ward. Now with tho country on
Toying normally again. real estate
values Ia TULSA are advancing stead
iiy.
"A year ago. said Robert Adams,
OF the Rcddin Adams realty COM
pany 800 Kennedy building, the
real estate market was duh. people
were shy and wouldn't buy, banks
were wary during that period OF re-
adjustment and loans were hard TO
get. As n consequence Tulsa real
estate suffered accordingly.
ITO make matters worse. oil at
that time a 81 n barrel. Last
september we got the Increase In
the price of oil, values strengthened.
Realty firms began TO SEQ a rosy
outlook on what had been preyi-
ously q dark and gloomy horizon.
Loans Hard To- Get.
"a year ago, when one OF our GUS
toners. would apply at the bank for
q loan to make the first payment on
q niece of property, he was advised
against making the loan, because the
banks felt they were on slippery
ground and vary at letting loose OF
their money.
IAN IN changed now. with the re-
adjustment of the oountry's business
affairs. and today Tulsa banks ere
more than willing 10 take Tulsa real
estate as security on q lonn. The
banks are flush with money now and
encourage real estate loans
''The realty nan OF today makes
smaller profits on each sale than he
did two years ago However he II
making the same money. The secret
IL quicker turnover makes bigger
profits.
Secret Is Quicker Turnover.
"As an example we will take n
piece OF property which sold two
years ago for $4,000. wed get a
$1,000 down on the property and the
rest in paymcnst because tho banks
did not like TO loan their money at
.het lime. Toaay property selling
for the same amount. wa will get
1880 down because the banks are
anxious TO loan their money. We
get the money at once instead or
having 10 walt for It and therefore
make. IL anything a bigger profit.
Tho secret is quicker turnover. and
not so much money tod mp"
An example OF the extent TO which
real estate values in Tulsa have re-
adjusted themselves In shown In the
prosperous condition or the building
and loan companies located here.
Companies Are Prosperous.
10. Il. Huston. active Vice prosi-
dent of the Home Building & Loan
Assn, 2 stated Saturday. the
flourlshing condition OF tho building
and loan association here linked
with the fact that It's progress Ia
directly dependent upon tho home
building operations. indicates clearly
that Tulsa Is now in the midst OF
a great real estate expansion.
''Neyor before has there been n
bigger demand or stronger market
for real estate In Tulsa" Huston de-
clared, "The enormous amount OF
construction work now under actual
operation or in contemplation IN
the business section and also the
large number OF residences under
course OF construction all over the
city points to a great building era
for Tulsa.
Real Estate Room In Fpi,
"a large part Of the work has
been Handicapped by tho railroad
strike, and for this reason Il larg,
amount Of building operations have
not been started pending the out
come OF tho strike trouble and easie
access to the building markets.
''Thjs fall and winter, / believe
viii see the greatest real estate mar,
ket Tulsa has ever had. Prices arr
firm and or n solid basis and becaus'
OF this. nov Is the opportune tint
for Tulsa renters 10 become hom'
owners. for the owning OF homes 1
one OF the greatest foundations o
the community"