Evening Star Newspaper, April 17, 1926, Page 21

REAL CAPITAL REALTORS PUN TULSA TR D. C. to Send Largest Dele-; iy { TRUST CERTIFICATES gation Ever to Convention | on June 5. BUSINEESI_S GROWING P e EIHCI‘B\'ISC(} Use of Long-Term Lease gton Real Estate Board | Aids Rise of New Business o largest delegation ever| al convention of the| in Realty Field. f Real te . g Washington| With the iner o attend the|term lease there is a growing p for the use of land trust certifi splitting up ownerst ESTATE, which conveyed the Washington realtors to Detroit was one of the talks of the convention there last year. The Mayo Hotel in Tulsa has been set aside for the Washingtonians. Be- sides Mr. chairman of the com | mittee, the committee members are Arthur Carr, Clarence I. Donohoe, ], for, Barl McInt E Monroé Landvoig field tes, hip of 1 » in committec arrangements | the equitable title tc 1 realtors to | estate, t 100 members of with thei ted to make t a device the piece of e land being dee ged and leased by the per- ompany holding the trust, es in the equitable title [ to be m: the la in the cou % A " and im portant : the re estate business of the National Capi |income from th Land trust | cussed by th will be dis and finance Association asing use of the long- | ) | The tional | inform of prope: purposes. inform the building andgthe | Washingtonians who have made first payments on now | pa i1 FLORDA NVESTORS AREPRONISEDAD | Better Business Bureau Will Give Information to Pros- BY LOUIS ROTHSCHILD, Director Bureau in co-operation with the Na- Florida St ind repre 41 | (hroughout the State of Florida, are ed In trust, | now in s THE EVENING STAR, WASHING' it does mo good to investigate after- wards. There are many reports, pro and con, as to the present situation in Florida. At a conference held recently of Better Business Bureau officials to discuss the Florida situation, it was brought forward that while wild real estate speculation i3 through and In- flated prices are dropping, construc- improvement is continuing. The de- flation which has set in is welcomed by legitimate Florida interests. One of its beneficial results is that the blue sy promoter 15 fast leaving the State. According to these reports, the larger and more stable subdiv projects are continuing their prog subdivistons, which mainly consisted of lot-selling schemes far away from bullt-up communities, are suffering the most. pective Buyers. of Better Business ot Washington Better Bureau Few Unscrupulous Operators. The number of unscrupulous opera tors in Florida was comparatively = 2 I. It is unfortunate, however, Chamber of Commerce, | {hut apparently their efforts were spe- ives and investigators | cialized in selling Florlda property in Northern It is also unfortu- nate that 1 shingtonians, espe ion for prospective purchasers | clally women Government employes, in Florida for investment {are finding themselves victimized by The bureau also can obtain | these operators. There is some con- fon for the hundreds of |solation in knowing that criminal ac tion is being planned against a large orida property and [number of these promoters and such h making additional |action fs expected to materialize in the those who have al-|near future. it Florida property, it is| At the conference of bureau offici logan “Before You In- {an interesting point brought Washington Business Better Business Bureau, the nt. position to obtain first-hand W, D. ( tion, logical development, and steady | Those | moters who have left Florida, are at- tempting to start real estate booms in various other parts of the country. Reports are that Texas, the Cape Cod distri of Massachusetts, and West- ern North and South Carolina are getting a number of these operators. The present style in the unsavory promotions in Florida is no longer sub- division lots, but is taking a different form in the plan to sell 10-acre tracts. To purchase these tracts for the home site, or for agricultural purposes, is all right. To purchase them to sell later at a profit is again speculating and should be considered as such by poten- tial owners. The latest development is the at- tempt of some promoters to drill oil wells in Florida. These schemes are taking numerous forms, including the selling of a lot with an interest in the possible future oil. Seek Fraud Elimination. Legitimate Florida busin is at- tempting to eliminate fraud. Co-oper- ating In this work are not only the State authorities, but also the United States I’ost Office Department, the Better Business Bureaus at Miami and St. Petersburg, together with the spe- cial office in Jacksonville of the Na- tional Better Business Bureau are tak- ing forceful steps. The protection of the investor, however, remains in the caution to “Before you Invest—Inves- tigate.” The Better Business Bureau of this city will be pleased to aid Washing- SATURDAY, APRIL 17, 1926, T to the public. The bureau does not recommend for or against any invest- ment; {t merely attempts to obtain the facts for the benefit of the prospective purchaser. The present situation in Florida is well summarized by this recent admis- slon by a Florida real estate firm: “Selling real estate in Florida today is a totally different proposition from what it has been in the past. Any- body, whether qualified or not as a salesman, could sell real estate during the past flve years and make all kinds of promises and get away with them, because lots turned over quickly and generally at a profit. Now, however, the people realize that merely ex- changing lots does not build a com- munity. Now the buyers have more sense; they must be shown what they are buying; they must know facts be- fore they buy; they refuse to be mol- Ited or jockeyed into buying a pig in a Ppok 21 reported this week e same volume & preceding weel REAL ESTATE. we The unfilled orders of 237 Souther INCREASE IN LUMBER |: OUTPUT IS REPORTED i, i 150 2 | pine ana West coast mills amounted to gainst 5 previous week The National Lumber Manufactur st lumber industry for the week e April 10, from 403 of the larger soft- 0GP, BN o 114 wood, and 138 of the chief hardwood | gia S pCCr o0 tho week before. ¥or mills of the country. e 386 com- | the 111 W the unfilled parably reporting softwood mills | orders feet, as showed some increases in production 107 mill« and shipments, and a slight decrease | a w i in new business, when compared with Altogether the 386 compard y report from mills the previous | porting softwood mills had shipm week. In comparison with reports|101 per cent, and orders 96 per cen for the same period . year ago, i- | of actual producticn r the South fying increases in all three items were ntages were noted. The hardwood operations, and for the making allo for the group showed unfilled orders of last w BLAIR-TAKOMA ~e as well as the beautification of Wash ington will take up cc al £ the local 1 - tonlans in an investigation at no cost " merely means that ' that many of these undesi GALLAUDET PARK “A Community of Homes” Just Three Blocks North of Ninth and Fla. Ave. N.E. there. Envelope Bids Asked. 1in the office of the Post Of it the most beauti 1d This act National brought about of the local re vious conventions, un x at | the sev the memb through to support e independ 000 envelo special ' service alone $300 Cash—S$58 Monthly s pr;;{AlR- Other Bungalo.\\'s TAKOMA $8,500—%$400 Cash $65 Monthly $9,900—$800 Cash $90 Monthly BEST VALUE IN WASHINGTON JAMESON-BUILT HOMES Price, $6,950 up Inspect at Once 1526 to 636 Central Ave. N.E. SEMI-DETACHED 2801 to 2829 5th St. N.E. Sample Home— 630 Central Ave. N.E. Very Easy Terms w.h Exhibit House 111 Oates St. 1109-1125 Oates St. N.E : Price, $7,150 Six rooms, bath, hot-water heat, electricity, double rear porches, hard- wood floors, one-piece porcelain sink, built-in refrigerator, lot 150 feet deep. ar Schools, Churches and business section Water, sewer, macadam roads, cement sidewalks built-in garages Colonial Homes $10,900—%$12,500 North Washington Realty Co. E. Brooke Lee P. Blair Lee rooms, bath, h ht, builtin fce box, rear porches, wide | h, deep lots to wi Open Daily Until 9 P.M. C. H. SMALL & CO. REALTORS—BUILDERS 925 15th Street N.W. Go out_Rhode Fourth St. and h St to Central €0 u Ave % squares 10 property Built, Owned and For Sale by THOMAS A. JAMESON & CO. OWNER AND BUILDER 906 New York Ave. N.W. Incorporated Owner—Builder—Agent Realtors Georgia Avenue Sixteenth Street OFFICE MAIN 6861 Columbia 9821 Woodside 200 Main 5526 The Public the Best Judge--30 Homes Sold in 12 Days! _ Because Petworth is the most popular comm unity in Washington—made so by Cafritz “Lif e-time” Homes—into the planning, construc- tion, equipment and finish of which have been put the long experience and vast resources of this mammoth organization—producing the most wonderful Homes and selling them at the most remarkable prices. Unheard of before—unparalleled now! Nearly All Sold Before Completion + Most Beautiful Corner ¢ Only 5 of These Sterling Homes Left —that breaks all realty records in al] Petworth —that means you must hurry if you want one Built the “Life-time” way and finished with exquisite taste Corner of Illinois Ave. and Hamilton St. Fronting on a 120-foot a’lenue, with a wide parking reservation, giving a wonderful = setting for this imposing and impressive Home —in a neighborhood where values are con- EXhibit Home’ 48 3 PR A— Right at Sherman Circle—now being transformed into a " Exkibit Home, 5123 8th St NW. | 513,950 QS o o G e Financing Terms 6 Enormous Rooms 3 Covered Porches . You'll note the unusual size. of unusual width. —in the very heart of Pretty Petworth g The Convincing Features Are— Read tl]e Remarkable Detalls Large outside pantry. Qutside Pantry Big Wardrobe Closets The Splendid Size Rooms 3 Great Big Porches Bath with built-in tub with abundance of shelf room. in all bedrooms. —with plenty of space for furnish —all covered—making them prac- and shower. . Porcelain-finished Kitchen Artistic Lighting Fixtures g, - Wardrobe closet in with gll::lssedddr:ssen F] S of rich desifiu. Finest Hardwood Floors eparate Hot-water Heater Handsome Tiled Bath Polychrome Electric Fixtures ittt : s—with best of plumbing. ~—most unusual in effect. Linen closet in upper with mahoganized trimming. insuring’24-hour supply. = e il Fully-equipped Laundry Servant’s Toilet Hardwood Floors Very Artistic Decorations Hardwood_floors and —making insulated double tloors -~best of taste in paper and fixtures. in bone-dry cellar. X in daylight basement. “very artistic lighting fix- tures. 500) 65 =1 | Only $8,95 Cash | $6’950 a month Wide terrace, with shrubbery and deep-sodded back yard There corner entire Exhibit Home is completely furnished by the Kaufmann Furniture Co., 1415 H Street—which will be duplicated to the purchasers of any of these Homes &2 i * Open 9 a.m. to 9 pern Take 14th St. car to Kennedy St.—or 9th St. car to Hamilton Take 14th St. cars to Kennedy St., 9th St. cars to Gallatin St. Or‘we will send our auto. » St or we will send our auto. w CAFRITZ | | | | | 8 very large rooms, attractively and practi- cally arranged. andsome English porch—approached through French - doors from the living room. Artistically panelled walls. Big kitchen admirably eqtiipped. Servant’s bath in base- ment. —and sold upon Cafritz convenient financing plan isn't in the 2000000000000 0000000000000004 222222222222 222222222222 222 30 ; i i ; i ; ; z : i 2 There is only one—so don’t miss seeing it Sunday sure. Open from 9 A.M. to 9 P.M. Open 9 a.m. to 9 p.m. Take Oth St. cars to Decatur St. and a short walk east to 7th St.—right off Sherman Circle. Or phone for our auto. ~ e CAFRITZ - ¢ ' Owner and Builder of Communities K St.