I recently came across this 1927 newspaper advertisement extolling the virtues of purchasing land in Silver Spring, or "Maryland-North-Of-Washington". The ad was placed by the Silver Spring Chamber of Commerce, whose membership, I presume, was at least partially made up of those that owned the land being promoted.
(click image to enlarge)
Of all the reasons given to buy into Silver Spring, this is my favorite:
You can buy property in this desirable territory as reasonably as you can buy in the poorest, undesirable, row-house sections of Washington. (Translation: "Silver Spring: as cheap as the ghetto!")At 30 cents per square foot, I guess you couldn't go wrong long-term. I imagine the two-year return in 1927 had to be better than investing in the stock market.