anaheim-gazette 1925-03-12

ADVANGING VALUES OF SOUTHLAND REALTY Money invested Now Will Mean Big Profits in the Future The following article was written for this issue by A. E. Hargrove, assistant vice-president of the National Association of Real Estate Boards: The desire to own real estate is so strong in most of us that some authorities classify it as an instinct. With the tremendous developments under way in Southern California and prices destined correspondingly to rise, this desire steadily increases until almost every one who is fortunate enough to have some money accumulated, or who can borrow, is looking for a real estate investment. The desire to share in the profits possible in Southern California real estate is a legitimate desire and, we might say, the birthright of every Californian. Southern California is having a remarkable growth. Where and when this growth will cease no one knows. The environment and climatic conditions of Southern California, combined with its industrial, commercial and artistic possibilities, portend a growth and development yet to come that has thus far scarcely been imagined by the most sanguine optimist. While it is an almost universal rule that all of us do have a desire to own real estate of some kind, we are not all prompted by the same incentive. Many people, especially the ladies, want a home of their own purely for the joy that they get out of it. If a wisest buyers of real estate, but the great majority of the people who should take advantage of the low market to buy a home or a lot to build one fail to grasp the opportunity until it is too late, and as a consequence they are forced to pay a higher rate later on. It is a little like the game of "follow the leader," and when our neighbor starts to buy we want to buy and in this simply deny ourselves the opportunity to save money for ourselves. In conclusion, this whole question boiled down is this: Southern California is destined to go ahead with us or without us. If we choose to do so, we can get into the bandwagon ahead of the procession or, if we prefer, we can procrastinate and be left out of the running. In either event, developments are certain to go on whether we will it or not. If we want to do so, we can have temporary slumps, depending altogether on the spirit of our people, but later on progress will go around us and we will just have wasted that much of our short span of years. Let us all pull together, for in this way only can we improve the time that is ours and reap the benefits ourselves rather than to leave them to our posterity. The way is straight ahead. Let's go. COMMITTEE RECOMMENDS GASOLINE TAX INCREASE Taxation of motor vehicles to raise a construction fund of $10,000,000 in 1926, increasing thereafter in proportion to the increase in the number of registered vehicles, to complete the state highway system in not to exceed 14 years, is the definite recommendation of the Committee of Nine in its final report to the governor filed today. To meet the urgent need for the construction of bridges and the elimination of others, other important recreational high-development high roads are added; it is recommended in the secondary. The report war against any attempt from the highway its present construction revenue this work during the committee session of the estimated will continue to at least as rapidly the number of vehicles. It is recommend taxes available for maintenance be paid or rate of levy as much of the possible and remission conditions, reasonably built lightened as rapidly. Turning to ways, the common addition to the small sections of road to round out the make connection adjoining states is direct previous eruption. The establishmentcedure for the sea highways is also suggested requiring survey communities into of the request. combined with its industrial, commercial and artistic possibilities, portend a growth and development yet to come that has thus far scarcely been imagined by the most sanguine optimist. While it is an almost universal rule that all of us do have a desire to own real estate of some kind, we are not all prompted by the same incentive. Many people, especially the ladies, want a home of their own purely for the joy that they get out of it. If a floor is to be polished, a room tinted, a porch repaired and repainted, or flowers to be planted and cared for, certainly there is more real kick for the home-loving type to do these little things on their own premises than under any other condition. They cease to be irksome and become one of the real pleasures of life, and we may well observe that this simple characteristic of human nature runs the gamut of every known activity of life, from the smallest detail to the great problem of raising a family under its own roof. Another incentive that brings many people to the point which they are willing to enter the real estate market is the desire to increase their exchequer. Real estate investments have been referred to so often as the soundest and best investment on earth by such men as Clevelandi, Roosevelt and Coolidge, and many others, that it sounds commonplace to refer to it again. However, for the purpose of this article, it is well to keep in mind that more money has been made in real estate than in all other businesses combined, and this will continue to be true in the ages to come. Real property values, like everything else, are governed very largely by supply and demand. By this I do not mean to include the entire area of the United States, but to define the territory to that in which we are vitally interested. There is only one city of Los Angeles in this country, and carrying this line of reasoning a step further, Seventh street and Broadway, in the city of Los Angeles, has only four corners. Therefore, if we desire to own a corner at this particular spot, we are obliged to buy one of the four there. As a consequence, we investigate the price and find it very high. But if we must have that corner, we shall have to pay that price for the very good reason that it is impossible to go on out a few blocks and buy it cheaper. In 1883 the southwest corner of Taxation of motor vehicles to raise a construction fund of $10,000,000 in 1926, increasing thereafter in proportion to the increase in the number of registered vehicles, to complete the state highway system in not exceed 14 years. Is the definite recommendation of the Committee of Nine in its final report to the governor filled today. To meet the urgent need for the construction of bridges and the elimination of dangerous railroad grade crossings, a bond issue of $25,000,000 in short term bonds, for these purposes only, is also recommended to supplement the annual construction revenues. The investigation of the highway system, autorized by the legislature of 1923, required the greater part of the time of the committee during the year 1924. For several months it has been engaged in the compilation of its report, which covers more than 100 pages of printed matter, including graphs, charts and other data. After considering numerous plans for financing future state highway construction, the committee came to the conclusion that California, second only to New York in the number of registered motor vehicles, must abandon the costly bond issue method and adopt a "pay as you go" plan if the system is ever to be completed. Having recommended that future state highway construction be borne largely by motor vehicle owners, the committee believes that the particular form of the tax finally determined upon should be the one most agreeable to the motor vehicle owner, so long as it is equitable and produces the necessary revenues. The gasoline tax, the committee says, is as popular as any tax could be; is conveniently paid, easily collected and administered, and is the only practicable method of reaching highway users from other states. Inasmuch as the license fee in California is the lowest in the country, the committee also believes a reasonable increase in the present flat rate plate tax is justified. The report brings out the fact that California expenditures for primary construction during 1925 will total only $3.33 per registered motor vehicle, the lowest of all the states, despite the fact that the motor vehicle owner receives the first and most direct benefit from improved highways. The average for the en- step further, Seventh street and Broadway, in the city of Los Angeles, has only four corners. Therefore, if we desire to own a corner at this particular spot, we are obliged to buy one of the four there. As a consequence, we investigate the price and find it very high. But if we must have that corner, we shall have to pay that price for the very good reason that it is impossible to go on out a few blocks and buy it cheaper. In 1883 the southwest corner of Broadway and Seventh street sold for $3500. Seven years later it was sold for $23,750. Then after another few years it sold for $610,000. Two years ago it was leased for 99 years at a gross rental of $12,000,000. If it were possible to purchase this corner from several other sources, it simply would not pyramid the price the way it has been doing. There is only one Southern California and only one Orange county in those United States, and that might just as well include the whole world, so far as I am concerned. I do not want to mislead anyone by holding out to them possibilities of such fabulous increases as that outlined in Los Angeles, but I do want to stress the fact that real estate investments here are absolutely sound and certain to not the wise investor a handsome return. I believe there never has been, and I am quite confident there never will be, a better time to buy real estate than right now. One of the strangest things of my business career is the fact that people will not buy real estate when they should do so. In the futures market, such as cotton, wheat, etc., the shrewd buyer places his order on a low market and unloads on a high market, thus jingling the change in his pocket in the way of profit on his investment, and this works out to some extent among the formia is the lowest in the country; the committee also believes a reasonable increase in the present flat rate plate tax is justified. The report brings out the fact that California expenditures for primary construction during 1925 will total only $3.33 per registered motor vehicle, the lowest of all the states, despite the fact that the motor vehicle owner receives the first and most direct benefit from improved highways. The average for the entire country is $22.25, while Nevada heads the list with expenditures of $136.41 per vehicle. Present motor vehicle taxes in California are 2.5 per cent of the cost of operation of the average vehicle. If a construction fund is raised by increasing the gasoline tax 1 cent a gallon and the license fee to $5, motor vehicle taxes will represent 3.5 per cent of the annual cost of operation, the report says, representing an average increase of only $6.25 per vehicle, including trucks. If this increase is made by the legislature, the average tax on pleasure automobiles in California will be $16.85 for license fees and gasoline taxes. The average, including trucks, will be $20.42, while the average for the entire country in 1924 was $21.38. Taking into consideration state and county expenditures for maintenance and construction of highways from 912 to 1923, the committee finds that only 13.7 per cent of the cost has been met by taxation on motor vehicles. The other 86.3 per cent has come from state corporation taxes and taxes on property within the counties. Another important recommendation is the classification of all state highways into a primary and a secondary system. The primary system includes the intercity highways, major interstate connections, county seat lat-The Strange Adventures of an East- ANAHEIM GAZETTE HEAVY TAXES ON BEAUTY AND HEALTH If women were taxed directly for being healthy and beautiful, the uproar would be terrific. Yet they are taxing themselves with needless tasks. The family washing, for instance, is unnecessary with our Rough Dry service available. Rough Dry service washes and dries everything, and irons the flat work. Try it—just phone. ROUGH DRY WM. GILMORE, ANAHEIM AGENT, PHONE 129 The Sanitary Laundry 225 West A. W. Cleaver, Prop. Phone Santa Fe Ave. FULLERTON 26 Dr. Henry C. Vogt CHIROPRACTIC HEALTH SPECIALIST Neurocalometer Service Has moved into the Sam Kraemer Building at 222 E. Center St., Rooms 210-215 CHIROPRACTIC HEALTH SPECIALIST Neurocalometer Service Has moved into the Sam Kraemer Building at 222 E. Center St., Rooms 210-215 Where Do You Eat? Is Next to What You Eat! 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Valencia Barber Shop 213 East Center Prices Effective on and after February 23, 1925 Shave . . . . . . 25c All Haircuts . . . . . 25c Shampoo . . . . . . 25c Massage . . . . . . 25c Ladies' Gents' and Children's Haircuts a Specialty Orange County Business College SANTA ANA, CALIFORNIA The school that makes you self-reliant. Our thirty years should allay all fears. Fall term now going—day school, night school. Students received any school day or school evening. Positions for all graduates. Phone, write or call for full particulars. J. W. McCormac, President. Orange County Business College SANTA ANA, CALIFORNIA The school that makes you self-reliant. Our thirty years should allay all fears. Fall term now going—day school, night school. Students received any school day or school evening. Positions for all graduates. Phone, write or call for full particulars. J. W McCormac, President. 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