Evening Star Newspaper, March 27, 1926, Page 24

ESTATE. o4 REAL ESTATE. THE EVENING STAR, WASHINGTON, D. U, SATURDAY. MARCH 27, 19%. REAT LAND AS SPECULATION IS RISKY, [ froms newer muer, tup | montnof oers, Land becoms mors | ONTARIO CO. BUYS SHIPS. |15, copts i, sipatos veimeen | Repinting 014 Shingles BAl_."MURE ZUN!N . ues, but they also are greatly increas- | population or fmprovements, and the o N. M. Paterson, president of the| If old shingles have pe'-n painte | BUT AS AN INVESTMENT IS SOUND | e e e e e o e e iree. s of | Paterion Steasias Gorporstien sy | Pusirson Stsumcnty Cor ot Uhat 3o |previously they can readly be painted ties the taxes are increasing more | these lines is a poor citizen. Real gotlations are on either to cpen an |again, But if they have heen stained rapidly than the values. profits come In real estate, as clse- Open Offices in Cleveland. office in Cleveland or to secure al i creosote it is improbable tha where, in rendering needed service. s A Cleveland representative. > ¢ " o Instance of Loss. “And now, tally you, should| CLEVELAND, Ohio, Margh 27 w»). they can be painted again without ep« LAW AGAIN UPSE‘I‘ Realty o Dlake Money for lh(‘ Owner’ ‘\lust Ha‘ “Twenty-five years ago I bought | render m‘;‘v:]'cn‘:r;a"u )‘msm '&,!prom ~—Announcement of the sale of seven ) E'x“,i(,},:fi“"{.‘f"z‘h:"'ii".(')f’:ry l’v'-:lr\en:j- Some Feature of Which There Is a Limited some property midway between Bos- | through real estate investments, be- | boats by the Interfake Steamship Co..| The famous Carlton Club in Lon- g Lowell, Mass,, at $20 per acre, | cause when business is above the | (jeve don, heretofore the stronghold of male Cleveland, to the Paterson Steamship clubdom, has let down the h o ch seemed very cheap at the time. normal line—the Babsonchart now | . v Change Held POSSIble Only| Supply, Bdbaon Sa\s. e e Gay T sold 1t at nearly dou- | showing it to be 11 per cent ubove | Co» Ltd., of Fort William, Ontario, | \omen, and the first to be received | Canada is the Riir& geltprodlicl ————— e | ble the price pald. My wife congratu- | normal—real estate investment mere- | Was made here yesterday. and entertalned was Princess Be-|country in the world, the Transvas | lated me on profit’; but a Mttle | Iy for speculation is very apt to be| The purchase increases the Pater-|utrice, aunt of King George and | being the first and the United State by Amendmg State BY RODGER W. BABSON. e FarieRibetaR SRR cokte No nore LARIME owed that 1 had paid in 3 son fleet to 12. The boats will engage ' mother of the Queen or Spain. second. to bufld a certain building In a good | those ears local taxes on that | a4 BABSON PARK, Florida, March - ; i ! rida, locution than in a poor location, and | land to an amount greater than the Constitution. Real estate js an absolute es-| 4™y "} e location which determines ot ptal amount recelved. In othe vords, Atial, Tt i one of the oldest forms | \t,1#) the location which determines | ot trount recelved, 0 ot 1o nave | LAMONT GOING T TO FRANCE RELRBRRBFERDREERGPIRRVLLRRRRRE: SR XRE investment and is preceded as an given the land away directly after _j_ SALTIMORE. March The | Investment only by women, elaves Plok Wrong Locations. buying it than to have held it and| NEW YORK, March 27 UP— 0000000000000000000000000000000000000000000000000000000000000 l Maryland Court of Appeals in the |2nd cattle, which were moved about | “Many bufld in wrong locations out | sold 25 years later at 100 per cent . : ' i 4 G0 43 40 G 4D 0 3 53 ] Goldman case clearly r ,‘ A\ tha g .| Fom place to place before their own: [ of pride, or because they happen to|profit. When interest charges are Thomas W. Lamont, partner in J. P. RREPRLRERPRERRPRIRS %fi”fl&b?’ifil ase clearly ruled that tech-{ ers acquired or claimed title to any | gwn the land, when it would be much s, land soon ‘eats its |Morgan & Co., who has handled most ; nical zoning, as It is generally under- | land. - Now that all free range is al- | petter for them to stood, cannot be enforced in Baltimore | MOSt gone, it probably is best for one | own at what they r in Maryland under the present | !0 secure some land even Yefore get-| gjsewhere. Real State constitution, according to City | I8 “woman, slaves or cattle”— in | (hould be diversified sell the land they of the firm's forelgn loan negotiations an get and bulld[ “Finally, let me say that gambling | in recent yvears, will safl next month tte - howdings| in real estate is no different than | for' France, where he will spend his gambling in the stock market or at an ual Spri PHEE Prettiest Homes in the Northeast s to different 0400000000000 00000000000000000000000000000000000 HHEEEr roBE PNV PPN NN NN ST FENaywesnew LEE there Is u tremendous amount of jt avaflable. Also, real estate is sub ject to the old law of demand and supply, is ofl, sugar good things. Tt is not en ugh that [ gy holica than ofl and sugar should be userul and| e 1and The house d. In order to make money | 13904 to: but in these or other products, there must | poeCh) S0 e e & e board. | be a linited supply. So long ua there | ™iyyen huying good bond g { is an oversupply there fs little or no| qona'neth WS B0 0 tes "'3" Court. Ruing. | profit. * Hence, “although every man kit HoEka o in his opinion Judge Duffy | should own his own i v. When buying that the Court of Appeals ssible s ieath ; Ty Sty il Mt] rh«; hu;n f: Tot yet reached the dividend.! + man b constit e e does busine s stage one receives no income, legitimate in tand s considerat B . Solfcitor Charles (. Wallace. other words, before getting married, | jocatjons and different kinds of prop All forms of gambling or at- i s o pleas- He eafd that it was hie opinion g | a young 1 does well to get @ home. | gppy: hut don't put too much into to get something for nothing sxpects that the E; that of most attorneys that “techn Although reul estate s essentlal, {ng: emember that real es-|are 1g. The man who buys elther confer with the Morgan e ese unga OWS oning” cannot be instituted until come from the land one's first or a corner lot and just ‘sits ves in Paris and London ' and does nothing to improve it, uropean financial outlook h o gambler and @ parasite on {and perhaps lend his advice to tho ity. If he profits at all, it s and improve- | been held up temporarily nd other|jund than s and Cottages— Quincy Terrace it V10 lhels & Beautiful New Semi-Detached Homes in BRIGHTWOOD | v but has no taxes to pay lating . o . He point- | proplem and, in fact, a & T N A Klte-bullt Commumty at present zoning | jtself, Just because it is d pold rrespective of income, while in-| ;s 3 | Tay be denied | pecquse it is “clieap.” does not insure | oo e taves be paid in additio Excellent Location Exclusive Neighborhood ikl profit. | when income is veceived. 'This t the use FIRAAL fon is very serious today and imunities, ave Quincy and 22nd St. N.E. There is an air of exclusiveness about this location—and & which the Kite control of the commumity and N perpetuates. Nothing to compare with them at the price. X Lots of generous size—Homes of distinctive character. Buy Where Supply [s Limited. st when investing in land it nt to buy s of which is limited the lund ertile or mable and i rratited m,'mm “hould ‘be unusually larie, v , acting through any of Gt ‘.“‘;"":‘_l‘{; g £ roa s, hr lnhrlel: i v § It 1 oL LS 0 e o - Apartments ns property to enjoy it in any wiy . . hes, which is not a nuisance.” | aTtery | ¢ e petitioner in this ‘case wants | 4 : Takoma Park 54 Elm Ave. were used to pa " Open for Inspection Sund:y bit different ror | were considered the to this property for a drug store,” | 5995@=== 6?65@ will have o greater fire hazard than | €rade bonds @ tgages, o i Brand-New Building he continued. Sees No Fire Hazard. ] : - Bl , With Cash Payment and Monthly k. sus i the by o e Sme? | ey ! : ittt Rl § : Pt ol * Terms that will exactly suit you hid or pos: which few othe: stated previous This store isn' Juty, a% it was in the other six cacey | tead, they have divided their funds before me. to reverse the ruling of | into three parts—one:third bonds and range. 1 the Bos £ Zo Sea % ages, -third stocks and equi- = B it Bt o S ano :“-l :107 il ln;:fl‘;!;.( [ e tmird T ari bulldlngs. o i ah ‘u,.\‘m,v) ,‘;m]ifi Two different types—both cozy and comfortable. Some . and I must abide with a very good poliey for even|o (S i R S i have Living room and Dining room—others have Pullman and inion f the g man follow from e | = Bedroom d sun room with . . . & s i the Gther n'\‘(, after, of course, he has bought ¥ steel cissments. Alcove that provides a snug nook in which to eat; two very big Bedrooms; with tiled bath; complete kitchen; hardwood floors; an excellent heating plant. Surrounded with lawns —prettily planted—and deep yards. C und paid for o home. “Although—except in the case of farms—one must have a building on! tement, interpreted Judge Duffy's |a property in order to make it earn, Take first street to right from ision as a nullification of the third { vet do not forget that usually only end of 13th street car ordinance of the so-called |the land appreciates in value. Bulld- line on Carrol Ave. ordinance, giving him the | ings depreciate and they are very : . In the issuance of per. | like ate quite rapidly dur- For Further Information Telephone Adams 599 forzan Marshall, chairman of Joard of Zoning Appeals, in Hamilton will be found fome—every day Mm e him, Cleveland mient. Built, Owned and For Sale by e Harry A. Kite % Incorporated Our Mr. 6301-6323 9th Street N.W. 811-829 Sheridan Street N.W. - 4 Price Sample House Contanient fl i i i { $8,450 Heated and Lighted to Open for Inspection $8975 e w One block east of Geo Convenient to Stores, Schools, Tes, garages, undertak-|ing the next few stablishments, filling stations, | of new building_declines, as many Lelieve it will. Moreover, it should lL‘;?!‘i 35! HEALEBHFEHAITIEFEERFLR S0V SIRF AP IS F VB4 i Terms P ] -} Chevy Chase, Md. Twenty-Seventh St. Ave. Car Line irches, Postotfice, Bank 6000008000000 0000000000000000000 i Three-sto brick Merbe shi Real Estats Boas 6508 Ridgewood Avenue ddlieg iomianiog St Features | o B s e spacious rooms, two Six Large Rooms "Quality” Gas Rang i . modern baths, with every Hardwood Floors Throughout “Standard” Plumbing Fixtures V‘béfi"ffi@fi&mfi%fifi?flfi@fifffi Ava modern convenience. Fall Tile Bath Builtin Refrigerator e Aoty | $ 1 0’750 Colonial front porch, Built-in Bath Tub Conciots Frost Porch m“mooomnmommmo “““mo m sleeping porches 2nd and 3rd floors; deep lot to paved alley. Large Closet in Each Room Double Rear Porches Linen and Coat Closets Built-in Garage Hot-water Heating System Crame Automatic Hot-water Heater A Complete Home A typical California bungalow, containing 7 rooms and bath; oak floors throughout; a real ! fireplace. Every modern convenience. Garage. The large lot is covered with many shade trees. Open Sunday for Inspection FLOYD E. DAVIS COMPANY Realtors 733 TWP:I fth Street Built, Owned and For Sale by SAMUEL R.HARRIS CO,, Inc. Builders Otis Building 810 18th St. N.W.. Main 6161 Or Your Own Broker "If you are looking for a reasonably priced home you cannot afford to overlook this oppor- tunity. To reach property turn intc West Thornapple St. at Connecticut Ave. and go west two blocks to Ridgewand Avenue. Main 352-353 I Chevy Chase Home At a Sacrz:fice FOR QUICK SALE A Beautiful Detached Home ! 'Y o S\ PR S CLEVELAND PARK For $13,900 ] Open for Inspection All Day Sunday C. Bushman Smith, Inc. 1703 Connecticut Avenue North 2522 Facing : Overlooking Beautiful | ¢ L) S W 4 .| Potomac River| D —— Potomac Park and Lincoln Memorial Corcoran Courts ’ A New 8-Story Fireproof Apartment Building With Every Modern Convenience 23rd and D Streets N.W. Delightfully located on g broad boulevard and commanding one of the finest views of beautiful Potomac Park and its stately memorials, the Potomac River and Arling- ton hills, Corcoran Courts enjoys the advantages which only Potomac Park can offer. Cotcoran Courts is close to Government buildings, schools, churches, street car and bus lines, and within walking distance ‘of shops and theaters, while all the oppor tunities for outdoor play which the Park and River afford. are right at its door 166 Modern Housekeeping Apartments Suites of 1 to 4 Rooms, Reception Hall dnd Bath The apartment sum:s of Gothic influence have an individual charm and beauty. . They range from reception hall, living room with dressing closet, Murphy bed and bath, to 4 rooms, consisting of reception hall, living room, bedroom, dining room, kitchen, and bath at very Moderate Rentals, $42.50 to $97.50 3917 Harrison Street The setting of this home is ideal—being an a 65-foot-front lot with an abundance of shade, and its location is the finest in Chevy Chase. The house is a center entrance hall plan, having to the right a living room full depth of house with open fireplace and side wall ‘ighting fixtures, wide side living porch. On the opposite side of the hall is the dining room, breakfast room and kitchen. - There is one enormous bedroom with private bath and sleeping porch adjoining, two The many conveniences include tiled bath with built-in tub and shewer, wardrobe 3428 POrter Street N W other bfdrODlnh and a complete tile bath. Very large attic with stair approach. closets, hardwodd Aadrs, mlrmred doors, attractive hghtmg Getwresdand. decosation | This fine home has been completely redecorated threughout and there is a Murphy beds and dressing closets, and combination dinet and kitchenette. A num- - 5 gamge o ngetalin. ber of the apartments have porches. All are screened and metal weather-stripped. N the heart of this most aristocratic sdection ’is ;n;s l:\code;mm: { 3 home. It has seven rooms (four bedrooms), fireplace, as arge clothes closets . Th le whi i g . e e e e e . Ouwner has left town, consequently | : Always Open for Inspection garage on the rear of this unusualy large, landscaped lot. ! diat l ' By d 3 We Consider This a Real Bargain an SeaigEe Suie i g mues i Resident Manager Open Sunday for Your Inspection EXCLUSIVE AGENTS o PSSR Ry e S e T S e PR RS | ON B T0CH Hedges & Middleton,Inc. | CAFRITZ CONSTRUCTION CO. |JReSdzy S ; ! Ouwners and Builders of Communities . 1412 Eye St. N. 713 14th Street Main 2345 | Franklin 9503 ‘ —r———————————— ——————}