New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-18

dons. -if De. borne ST is thought. by people Of
small means.
The big Long Island operator is usually sur
rounded by many safeguards in carrying out his
operations. the chief Of which is his knowledge
# real es1ste and the next in Importance his
sbility 70 judge accurately future realty needs
m whatever section the little investors or opera
tors are thic1est the big operator generally finds
mis- most profitable field. provided he purchased
his real estate wares long before the little buyer
came II IS M easy tazl5 for the little buyer to
purchase Long Island real estate as advantage
ously as the big buyer That fact should never
he forgotten. for Fl viii make The little buyer
ever alert ir protecting his own interest. The
realty markets OF Manhattan. Westchester. New
Jersey and Long Island. and for that matter
every similar market thrughout the world are
.tre0n Ulth pamphlets describing the wonderful
profits N be made In real estate ventures IS he
person who win invest a small sum each month
but IN most cases the realty profits after the
transactions are closed viii be found fiji The
pockets If the projectors az the operations and
The resi- estate brokers. The little buyer win
find i--e,S identified with some Improbable
transaction on Long Island unless he studies the
realty propositions carefully and buys ir,elu-
gently
IN The present phenomenal purchasing move
rnert ou Long Island tie little buyer in most
cases win have ~ d. business through real
estate agents AMI big operators. The big oper-
ato-s are loaded up with land Is use : real
estate expression, ana the agents are there I'm
The suburban and adjacent sections of Long
Island 10 Sell that lane. Some II the agents are
conscientious and experienced real estate men.
er-cu- five out ~ every ten. however know no
5nore a5oul what are The best districts on Long
Island fo- rhe little buye- than they do about
:
nothing. Moreover. fve out Or every ten real
estate agents on Long Island to-day are skilled
IN The persuasive power of speech. and their
word rs worthless. Their business slogan seems
- o@. We must sell no matter whom we in
juro"
About two years aso, soon after the announce
ment was made that the Pennsylvania Railroad
would build tunnels under the North and East
rivers, the big operators and investors began buy
ing Long Island acreage tracts. Since then Long
Island property which could have been bought
shout two years ago for $1,000 or less an acre
has recently been sold for more than $1,000 an
acre One realty broker estimates that Long
Island property valued at from 100000 TO
S450Oo00o has changed hands within the last
two years. and some Of the parcels have been
sold over and over again. As a result OF this
constantly Increasing demand for Long Island
acreage. record prices for land have been made
winch Few realty operators on Long Island ever
thought would be made I'm their day
II f. not so many years ago that the express
sion was frequently heard. Long Island owners
are quick 10 sell but buyers are slow 10 take ."
hiss expression has almost been forgotten The
saying is now often heard, Fortunate Is the
person who owns acre on Long Island" Yes
fortunate indeed is the person with an acre or
more land in the boom centres Of Long Island
Some OF the operators in their eagerness TO ac-
quire Long Island acreage IN the boom centres
bought large tracts OF marshy land and paid q
high price for them They have begun 70 sell this
land 10 the little honeseekers at more than
double what they paid for II. It IS a certainty
hat ii viii be some years before the land is
drained and filled iD and many houses are bull,
on r. There are many other large tracts NJ
narshy land on Long Island to be subdivided
into plots and lots in the coming year, and the
persons that buy these plots and lots will prob
ably have 70 wait a long time 10 obtain fair
pront from the investment unless they are ex-
pert growers OF vegetation that hourishes IN
soggy places
But most Of the land in the boom centres Of
Long Island is dry and cleared and ready for
the homeseexer. To tell wet land from dry
lane Is something which almost any child can
90 By keeping hts eyes open the little buyer
viii be able 70 purchase high and dry land and
70 leave the mazshy land 10 those who buy