The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-08-22
LIKES REAL ESTATE
Bismarck, N. D.,
Aug. II, 1882.

AAAEo NEAL ES1AxE
Bismarck, N. D.,
Aug. II, 1882.
Editor, Tribune:
AS I look back on my many year.
Of selling real estate in Bismarck anc
IN its vicinity I am naturally some.
what biased in favor of real estate
as an investment. no matter II here
IN Bismarck or in Iowa or in New
Your City or anywhere else, as 1t Is
my endeavor to keep more or less Of
a line on real estate conditions all
over the country.
1t Is true that anyone who bough:
real property say in 1929 would lose
some on it if he wished to sell today
But he would not lose nearly so much
on 1t as he would If he, at the same
time, invested in stocks or bonds.
well remember how, in 1929, when
the stock market boom was on and
various stores and the telegraph Of
fices were crowded with our local
would be" spectators, begged
friends Of mine to sell out their stocks
before the crash came. So far as I
know, not one Of them did sell at
the time, though I will say that few
OF them have had nerve enough since
to come to me and wish that they
had followed my advice. And I will
say this, too, that never once has any
one come to me saying he regretted
ever buying any real estate from me,
whether 1t be farm land or city prop
erty.
Look at the records of the past
three years: Stocks have decreased
IN price from 80 to nearly 100 per
cent; the general run Of bonds, out
side of government bonds. have de-
creased some so per cent In price. AL
most no dividends are being paid on
stocks and II any are being paid they
are much smaller than even a year
ago. Outside Of government bonds,
interest on even the highest grade Of
other bonds has been materially cut
or IS not being paid at all.
Now, mark this, as to our local real
estate values. City property has de-
creased in price around 20 to IS per
cent since the deflation set In. Com
pare this with the market price Of
your stocks and bonds. Farm lands
are about the same as for many years.
In fact, since 1920 the price of farm
lands has been distressingly low,
since the 1920 deflation of the price
of farm products. The boom in the
price Of stocks and bonds Of 1928 and
1929 had no effect on farm land
prices, though 1t did have some ef-
feet on prices of Bism N'ck city prop
erty.
So, I say, despite the depression,
despite the three years of short crops
In row, eliminating with the prac-
tical small grain failure of 1881, de-
spite the present very low prices for
all farm products, real estate, not only
in this part of North Dakota, though
here, is the safest and sur
est investment anyone can make.
You cannot start printing press
and make more real estate. You can
start printing press and make more
stocks and bonds. The powered
salesman, verbally and by advertise
mentS, will enthuse gullible public
to buy more of these newly printed
stocks and bonds.
It is true that real estate does not
always pay high dividends and that
you cannot ever get away from real
estate taxes but you can, If you wish
to lie about it, get away from paying
taxes on your earnings from stocks
and bonds and your profits therefrom
in case Of sale on rising market, as
is shown by the many government
suits for income tax payments.
Again, as to taxes: real estate taxes
will be considerably lower this coming |
year. All local tax units from the
state down through the counties, CIT
es, park boards. drainage districts,
ind townships, are cutting their ex-
oenses to the bone. But your income
axes from profits and earnings on
stocks and bonds will be largely in
,reased and practically to wartime
evel. While your income tax charge
will be. higher, your real estate taxes
will be lower.
Just the minute corporation starts
making too much money that corpo-
alton at once starts a few printing
'resses going and the egotistical gods
t finance" at once "cut melon"
Tod never cut a melon on the amount
t land.
If you want to make a safe and
ure investment, whether you be a
peculator or a home buyer, whether
; be city property or farm land, your
ealer can always show you bargains
nd it is safe to say that II he has
cen in business here over term of
ears you can depend upon him to be
onest with you as he will want you
} come again and do more business
18th him or to at least have you re-
r. your friends to him.
You know your dealers. You know