| Show SEES revolution IN REAL ESTATE roger W babson adviser to over seventeen thousand ot of the country ya leading executives has called another turn in a statement issued today he outlines coming conditions in the rel real estate held field and advises the purchase ot Cou burban property before it is too late the big movements in fit real estate usually set get well under way says saya mr babson before anyone realizes what Is going on because they have seen land unused tor for years most peo pie think it will always continue so BO this is why the original holder seldom makes any profit from rom real estate the fhe value Is so close to his nose that he does not see it A fundamental change in real estate values is taking place so far it has proceeded quietly without much publicity few people have realized it the tact fact is that people are moving to the file country A few wise head hea have discovered the bargains in country homes and they are quietly buying up all the land they want for themselves and as much more as they can carry tor for a speculation T my aly advice to those who want suburban real estate is to buy at once oace for the past decade or more people have been crowding to the cities now however a reverse movement to the country Is beginning which promises to be the greatest shifting shit ting in population since the institution ot of the railroad within the next ten or more mor years the building of 0 suburban homes should rival the growth of the automobile good roads the movies the phonograph or radio in tact fact these inventions make possible the suburban movement mo lement A few years ago country homes were limited to the rich or to those employed in the country because only such people could afford means of transportation por tation now automobiles have como come within reach of the great middle class of 0 people they are increasing a at the rate ot of nore more than a million a year ten years ago there were one million passenger automobiles in the united states today there are about ten million which is an average of one car to about every ten people they are bringing new anar and better roads and opening up millions of acres of hitherto inaccessible land the more cars purchased the more families there are who can have a suburban home even tho the breadwinner must work in fit the city wage earners during the last period of prosperity spent their money for motor cars in the next period of prosperity they will buy country homes the motion picture has put the local town hall on a par with the city theatre the motor truck track Is giving the rural or suburban dweller nearly the same freight and express facilities tie as has the city motor bus lines are covering routes which never could be served by trolley cars automobiles are bringing the schoolhouses and the village to within a few ew minutes ot of the country home chain stores are carrying to every community the same efficient merchandising as the city dweller enjoys last but not least the radio especially it if developed on Gei general Jeral squires wired basis gives to suburban homes the finest city lectures and music the reason for suburban expansion bo however bolever wever is not alone the attraction bt bf a country home in the cities congestion of dwelling house space and hiah rents long have been brewing discontent for more than ive five years now these condit conditions ibris have existed rebellion on the part ot of the rent payer Is reaching the point ot or explosion almost any kind of a change would be attractive once th ea city worker realizes that with a few hundred dollars and a aliver he can get a house of 0 his own with all the land he will mova move the city no longer has a wall around it railroads make the first breach but the railroads opened up only narrow strips along their lines radiating irom from the city in most cases the railroads followed tollow cd the valleys and lowlands which are not the best building location between these lines are nilles miles of 0 land much more desirable for or building but which have been inaccessible to the commuter because men had no means of getting to the train it Is in iii these areas between the railroad lines and within a radius ot of 15 or 20 miles of the cities which the motor car and good roads A have opened up tip that the most spectacular dev developement elopement in new building should take place if you are interested sn in real estate the situation demands action it means that it if you want to buy desirable suburban land near any good city it at present low prices you will have to go about it at once in selecting such property a good plan usually is to follow out the best residential street and buy bay where land begins to sell by the acre dinst instead ead of by the toot foot on the other hand it if you own city doeling house proper property which cannot be converted to business uses the quicker you get rid ot of it the better this does not apply to business buildings nor to property which ch will soon be in demand as the business section ot of the city expands it does apply to atger otner lacily Ovel dah ellin houses for or which such extravagant rents are now demanded remember that while the readjustment in in austry is well along the readjustment in real estate values has only begun some may ask why industry does not make to the country before many years have passed we probably shall see a strong tendency in fit that direction many businesses can be carried on in the country far more dently than in fit the city this idea that all offices and factories must be located in fit the population centers Is simply a notion handed down thru generations in the old days industry was confined to the city and the counti country y was left tor for agriculture that was before the age of modern transportation of course it must continue true in the case of distributing houses wholesalers jobbers merchants etc who group together according to their industry in a certain part of the city greatly facilitate buying manufacturers however find better labor conditions lower rents and better power in the country hence I 1 would not dispute the point with anyone that business eventually may tend toward suburban sites for the present however concluded mr babson the main movement will bo be confined to the buying of country residences those who are planning eventually to own a country home should get busy at once tor for every week you delay Is likely to cost you money |
