Real Estate Shortage Stalls Carey Growth
Carey faces a housing shortage with no vacant homes and a cap on residents. Expansion requires new residential lots and development to attract business and industry for prosperity.
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Newspaper
Carey Times
Location
Carey, Ohio, United States of America
Date
May 13, 1920
Page
8
Carey faces a housing shortage with no vacant homes and a cap on residents. Expansion requires new residential lots and development to attract business and industry for prosperity.
The Carey Realty Company has acquired options on land for allotments and housing. It will study and construct homes of various sizes to ease the housing shortage and provide affordable options for the average man. The firm also aims to analyze real estate values, acquire business properties, and support local industry and growth.
The announcement of the Carey Company drew widespread inquiries and bona fide requests for terms on homes. Prospective buyers surged in before any solicitation, signaling a strong, growing market that will expand as new industries start operating.
The Carey Realty Company is incorporated under the laws of Ohio for 500000. It issues 250000 in Preferred Stock par 100 and 250000 in Common Stock par 10. Tax free and non assessable. Officers and Directors are experienced real estate men with sound judgment and prudent business methods.
The notice invites readers to join a conservative real estate company offering assured profits. It promises cash payments for land and houses to save interest and mortgage costs and claims partnerships in real estate are rare due to closed corporations.
Four reasons to invest highlight land and building security, high profits versus bank idle funds, tax free Ohio preferred stock with seven percent cumulative dividends and a bonus common stock offer, plus an acute Carey housing shortage implying rising real estate values as population grows.
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