| Show AUTHENTIC statement STATEMENT STATi MENT special to THE EXPRESS E SS s 6 BABSON DISCUSSES FLORIDA AND PAUSING PARKING SPACE DABSON BABSON PARK FLORIDA january ja there appears to be the ma making ng of 0 another real estate boom here in florida although I 1 cannot believe it will run into any such proportions as did the one which started 28 years ago considerable canadian money is coining coming here also money from texas and california californi boom duo due every generation the bankers hero here say that a florida boom differing in size has come every generation they say that those who lost money in the last florida boom will not get caught again but youn younger gerones ones who are now around forty were then too young to know what happened in the last boom this younger generation however is now getting ready to try its luck at investing in rl florida orida already aged people from the north are asking me what to buy my first answer is to buy for cash cash only not on mortgage and to use the same common sense as they would use when buying land la in their own home state second buy something which they could use themselves or rent in case they cannot sell it third buy something which they have first seen then wait until they get back north again before making the actual purchase that is take time to think things over florida hai has A good fatur with the exception of hiie the pacific coast and the southwest very few states can equal florida for the winter climate there Is also a possibility ot of discover 6 ing oil in any part of florida this possibility however applies also to many other states therefore in view ot of its comparable closeness to the big hig industrial centers of new england new york pennsylvania ohio illinois and certain other states florida Is especially well located for those retiring on pensions furthermore the good roads low living costs and tax advantages make florida attractive hen pence e I 1 believe there will be much here in the building of small homes this however does not mean th that at small homes in florida or elsewhere are a goo good d speculation s u As to ag agricultural ri lt Y land d I 1 am not a an e expert x t judge but I 1 believe t that h t ar every r y s state tate has its advantages and disadvantages tor for farming an experienced and hardworking hard working fanner farmer with capital could do well anywhere while a novice at farming cju will lose money anywhere this also applies to raising fruit or raising cattle or raising chickens I 1 have seen more money lost in arming farming thun than even in the stock market and this Is saying if you buy land for farming taming be sure it Is near a U a a experiment station my first purchase would be a small home in an average growing community with as much land as I 1 could afford my building would depreciate from the day 1 I bought it but the land should h out appreciate such a home should lengthen roy my life bo a good hedge against inflation and be easy to sell the de and be easy to sell the de mands for such well located small homes should increase it however should be within a mile of a grocery store church and post office and in a good neighborhood but what next should I 1 buy you ask well I 1 would buy no acreage lust just because it seems cheap at ten dollars an acre compared with a hundred dollars per acre in your there is an awful lot of florida land good only tor for holding the world tog together ethert you are probably a not experienced enough t to 0 speculate in groves pasturage or farm land but here Is a suggestion florida is growing fast when motoring about if you u see vacant land adjoining a 9 chain aln store or factory or filling station or even a church which land can be bought cheap buy it it will be needed sometime for parking or for a motel native floridians aro are blind to this future demand for parking space furthermore this applies to the old timers of every state date in ia the union including the community where you are reading this column hence I 1 say that the best buy in every community anywhere in la my humble opinion is vacant land located so it wil will some day be needed for parking space |
