Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-03-11
LAND IS UP $4,000 FOOT
!: ON BROAD IN Is YEARS
From Eighth to First, on
North Side Of Street, 81, 900
: Foot Was Good Price.
FORTUNES MADE IN PROPERTY
FIT! Years Ago sixth md Hrond
Corner Sold for $4,000. Now Worth
1900. 0oo-Lot mt Fifth Brought
Si5,OOOt Rental Now Exceeds $50. 900.
by Morton q. ThnIhimcr.

Ever since William Penn. the
founder OF tho commonwealth OF
Pennsylvania. was able to make a
lease for the entire Keystone state
With tho King OF England AT tho
rental OF twenty four squirrel skins
per year. the widespread opinion
sesrns 20 have taken hold o! the pub
lie that the real estate business is
a skin" game. However. possibly
or sober reflection. tho public might
realize that there is no other bust
ness where man must OF necessity
be more scrupulously honest for
upon his honesty. integrity and abil- :
i,y for doing business depend the
confidence Of his clients and the sue
cess. Of the rea! estate firm or bust
ness.
a great number o. years aro \
very successful and celebrated real
estate agent in New York made the
remark that Just so Ions as these
Cror they w!.l, jus; so Ions viii
resl estat. in the central portions
Of orr large cities continue to en-
hanee in valae.
Eyer, American city Of 10000. or
more, people has ouii; ~ = sold mine
that :is.ds Increased annual profits
thai are absolutely i1e1haus,ihle
Tfy central zeal estate values have
adNancei 50 quickly and in such
enc rrrpus p-o?o-tions III the past
aatt century that ;he purchaser,
trtp ihe profitable po.r; q: view
y,as SIS from VIA; was formerly gwen
to- speculation and &. s;;ecdar,
risss e ga! sc.s-c= with Us posi-
tiro c4-taiotiss
Ssar-a. business property has
p-sT"d from test such a -eaurrerative
at sFt-ueu; with such positive safety
a. - rs interest returns ma! ::
caH safely be stated Una, i has oG:-
assoc q. othe- forms OF investments
wsiSh h-incs WITH q; The possibility
"t- increasing ones capital. &nt .:
M same time receive Oh one. in
vss ineni reasonable and p-op.- re
iU-n on N. money invested
pong business win r-s'a.ss mon
cray i something mat COMPARATIVELY
te~ people fully underst4ud This
IS .ey idenced hy The FAC; that = vers
siaau number @: people are attracted
~. central real estate Is aa lrvesi-
meni. Possibly one reason .o- this
IS because the -eveuue-p-oducinc
ability az business property has been
YET? litte understood, also there are
So few people who are willing to
inSes' large amount o: money In
avs one investment as IL naturally
taxes 10 purchase piece O. cen,ra,
bus mess property
The average man wiki large sums
Of money 10 invest feels tina, in pu,
unS IL IN various stocks he NAV he
successful in purchasing one or TWO
stocks that Will greatly Increase j.,
Na4ue' While the usua! result, is that
the majority OF stocks purchased over
a. period Of years deprecla,es in
value.
Where are Tho stocks and bonds
. ,,Iy OF the old sailing ships" II
tile old canal boats" and Of The
old toll roads"
POSSIBLY the hes, guarantee @. The
serurity of central real estate can
be- illustrated N the truth TIA, 80
value OF central business pron.r,,.
IN the twenty-s"vcn principal ciri..
OF. the United States is appro.im,to.