The Washington times., 1925-03-21
BUS SERVICE
INCREASES
VALUES
n. 7. Shannon Advises Buying
a Home as Best Thing to
Do for Family

Asserting that the value Of every
property in that rapidly growing
section Of the northwest near
Western, High School, around
Thirty-sixth and r streets, as well
as all adjacent thereto, has been
potentially increased Is to 90 per
cent, by the recent installation Of
motor bus service froma there to
the downtown business section,
Herbert T. Shannon, president @of
Shannon & Luchs, Inc, expressed
himself today as highly gratified
with the innovation.
values in Washington as in all
other cities" said Mr.. Shannon, "are
invariably and materially raised by
the coming Of convenient, efficient
transportation. Though still not
qualified for the Association of Old
est Inhabitants, can we'll recall
old property prices and their sue
ceeding rises in the development Of
such sections as upper Fourteenth
street, north of Park road, Cleveland
Park. Chevy Chase, Woodbridge,
Brookland, etc. The incoming of
outlying subdivisions has always
been followed by sizable building
booms and higher values Of both
improved and unimproved real
estate" /
Continuing, Mr.. Shannon pointed
out that knowledge of these facts
was the cause Of substantial profits
to the courageous realty buyer.
either for q home site or for
speculative purposes. He declared
that the so-called pioneers to new
sections were oftimes laughed at
and criticised by their well meaning
friends or by unsuccessful competi-
tive statesmen, but the earned incre-
ment brought about in due time by
the incoming OF city >conveniences.
led by transportation, invariably re-
paid many fold for Inconvenience
Of probably brief period.
These are not new facts or
trade secrets" Mr.. Shannon went
on, 'but the realtor often finds it
difficult thing to sell to the
hoiheseeker. We live in an age
Of so many comforts. conveniences
and labor-saving devices, particularly
man hunting for q. home for his
II requires more than a dozen steps
or SO to the street car, the grocery,
the butcher, the pharmacist. the
newsstand, the movies, etc. He will
seek such a place and pay 10 to
80 per cent more. that is 81, 900 to
$5, 900 perhaps, and believe himself
shrewd. Believe me, he is far from
it."
Take the case Of the other man,
whose foresight is greater. Let us
take, for example, q man who went
to "Bufleith" at the time Of its
opening in 1923. True. he came to
q small group Of homes on one
side of a single block. All about
were vacant fields. He had to put
his imagination TO work. Car
service was some blocks away and
other at-hand conyeniences were
lacking. But remember this was
not the average man. He visual
lied, he believed, he bought, he
moved in"
What is his situation today"
questioned Mr.. Shannon. why, he
Is comfortably settled in a most
charming locality, with practically
all the conveniences at his door,
most of the vacant fields populated
with artistic homes and pleasant
neighbors, and finally, perhaps best
of all. his own property worth
better ten per cent more than he
paid for it, all in less than two
years. Moreover. that is not the
limit. This improving environment
will continue to keep values on on
upward scale for some time yet, in
fact, until they compare favorably
with other sections in or about the
city of a fairly parallel type"