EC: Yes, we have the enquiring mind, [
2694], here, and those
associations and business relations and conditions, and as
reference to real estate in Cavalier Shores and Ubermeer,
Virginia Beach, Va. In reference to these conditions, much
may be given as respecting conditions as would eventually
arise as respecting property in those districts; for, as
has been given, this is in the district that has been given
would advance so in price. The conditions to be met are the
PRESENT EXISTENT conditions that are URGENT. There is at the
present time the tendency for real estate to be on the down,
or the inactivity in such; yet these hold, and these treated
with those activities that will yet in the present season
occur IN the district, may be made profitable - especially
with those from Philadelphia and Pittsburgh. THESE channels
offer the best opportunity of disposing of such at this
PRESENT time. These peoples, who may be interested in such,
will be in the vicinity, or Beach, during the week of August
fifteenth. Now find 'em! They'll be here!
(Q) Does the body [
2694] know which of these -
(A) (Interrupting) When he meets 'em he will know, yes!
Seek them. We won't give it all to him. They'll be here!
(Q) Shall he accept trades in this deal or outright sales?
(A) Outright sale of these. We have given.
(Q) Should he consider the building of additional property
this year?
(A) Not under present circumstances and conditions!
(Q) Is is advisable for him to take on land holdings this
year?
(A) In some MANNERS, yes.
(Q) What is the best section for the land itself for future
investment?
(A) From 24th Street to 117th Street [GD's note: 117th
later became numbered 79th].
(Q) What will be the effect of land values and real estate
values after the [Cayce] hospital at Virginia Beach is
completed?
(A) And in operation. There will be an advance in SECTIONS
adjoining, though not very close, save in those in the same
territory that would be used as holdings for those that would
be in touch with the work considered there.
(Q) Will the body be able to handle the present financial
emergencies until these deals come through?
(A) Two weeks? Yes.
(Q) What should the body be careful of when these deals
begin?
(A) Just handle the deal!
(Q) Are these people coming with the idea of paying good
prices for property?
(A) If they have to!
(Q) What is the near future's value for real estate in
general at Virginia Beach?
(A) After the present year or season, an advance in all
properties - especially in district as given; for the most
improvements will be within that district.
(Q) Is there room for another big hotel at Virginia Beach?
that is, from an investment standpoint?
(A) Room and RUMORS also of same!
(Q) Would an apartment house be profitable at Beach?
(A) Further up, yes - after another season.
(Q) Which would be the best place to build an apartment
house?
(A) In portion of Ubermeer district.
(Q) On the beach or away from beach?
(A) Away - but not TOO far a distance.
(Q) Will there be additional improvements in the way of city
development in the neighborhood?
(A) Of necessity, through the conditions as are in the
district.
(Q) Would newspaper advertising assist in interesting the
people who are yet to come?
(A) Yes. Handle in the proper way and manner, and
especially in these places given - Philadelphia and
Pittsburgh.
(Q) Would personal letters to certain capitalists who have
made reservations at the hotel tend to interest them upon
arrival?
(A) Not much.
(Q) What other advice should the body have to give a
stronger foundation to his business and his business
interests?
(A) Much may be said on this. Dependent upon the phase, or
the nature of the advice and in what directions same would be
sought. In the financial and of same - don't get SCARED; but
keep self straight and right. It will work out in time.
(Q) Would it be advisable for [
2694] to take into
partnership with him certain men he knows in New York and who
are now interested in certain other propositions with him?
(A) Be well next season. Not at present.
(Q) Will next year generally be a good year here?
(A) Should be the beginning of the best, for there will be
nearer stabilization; for much will be weeded out in the next
twelve to fourteen months.
(Q) Will [
2694]'s connection with the hospital of psychic
research aid him in developing his affairs?
(A) Dependent upon the manner in which same is used!
(Q) Is there any further advice for [
2694] as to how he can
assist the hospital to be successful?
(A) Be a booster! We are through.
BACKGROUND