Palatka daily news. [volume] (Palatka, Fla.) 1919-1994, 1922-05-11
LOCAL REALTY VALUES.

statement was frequently made that
no man could say what Falatka real
estate is worth; that there is no es- !,
tablished market and that prices
vary with the degree of desire of any
prospective purchaser. All of which |
is obvious, but it is as easy to arrive |
at 100 per cent valuation as it is at
a so or 80 per cent valuation, and
nothing but an active real estate
market in Palatka will establish a
satisfactory level.
An example of the uncertainty OF
values, as fixed in the minds of in
vestors, was furnished yesterday
when ten lots of the old Putnam
House site were sold at auction. A
lot fronting twenty-nine feet on Sec
ond street, on the corner, and eX-
tending back seventy-five feet along
Reed street, sold for $135 per front
foot, or $3,915. There are some
business men who will say that this
was much too high, but many more
agree that it was ridiculously low
price. Time, of course, will prove
this case. If the vision of those who
think the price was ridiculously low
is justified by future development in
the vicinity of the postoffice and city
hall, and if Reed and Second street
eventually proves to be the business.
center of the city, which many pre-
dict, there is no doubt of the very
low price, comparatively, the prop
erty was purchased at. Other lots
were at prices so at variance, in
seeming value, with the one sold on
the corner, that they more surely
fix the uncertainty of mind values.
The News believes that all of the
property sold far below its real val
ue. If the value, as determined by
future re-sales, increases 10 per cent
per annum above taxes it will be a
fair investment, but if the corner lot
which sold for under $4,000 should
bring anything near the price which
/ has been refused for the corner lot on
! Lemon and Second streets, it was
bought for less than one-fourth its
value.
So, after all, values depend, to a
very large extent, on ones faith in
Palatka, on ability to vizualize the
future-and on a determination to
aid in making that future all that
the citys' advantages entitle it to.
In a small town a man is known by
the things he tries to conceal.
As a rule, a crouch is just the t1i-
umph of a yellow streak over good
nature.
Civil service enables efficient men
to hold their jobs on and on until the
other party gets into power.
The headlines indicate that the list
of hazardous occupations may yet in
clude that of being a husband.
France isn't alone in her trouble.
A lot of credit men in this country
know how to sympathize with her.
At the present rate of consump-
ton the movie press agents will pre-
cipitate a world-shortage of adjec-
tives within a few years.
AS we remember it, Lenine didn't
complain that relief shipments were
violation of Russian sovereignty.
A knocker is a despicable creature
and a bore unless he happens to be
knocking the things you don't like.
Too many people in this vale of
tears thing they are independent just
becaus ethey are habitually insulting.
After all, the only difference be-
tween a rebel and liberator is the
fact that the liberator gets away
with it.
If Doyle can communicate with de-
parted spirits, perhaps he can locate
the American spirit of patriotism
for US.
! Fame is transitory, and we may
yet see a ball game asterisk and &
footnote reading: "Batted for Rutf
in the 9th"
Whatever it is that makes the wilC
west wild, it isn't the fact that visit
ing celebrities seldom get out thai
far.
A lot of people have the notion
; that culture consists in knowing the
name of the piece on the other side
of the record
1t is difficult to understand Eu
ropes complaints when one read!
that the governments are making
money as never before.