The evening world., 1913-07-12
Building of the Home
As q Matter of EcOnOn,u
Operator Who Has Bssn
Iden tilted With Large
Projects in Queens Says
That the Trend Of Pop.
ulation IL Setting
Strongly Toward That
Borough.
ey z. A. MAcDOUoAL.


Home-builders are sho wing stsAdy
gains in Queens. while they are falling
behind their records of rsesat years In
the other parts Of the 0stropolitAn aas-
trict.
This 10 vssy GsMfieant - rsai estate
operators. II In an index Of evolution
for investors Those who follow ~ lad
will md themselves In . constantly q.
panding stream of development that viii
become more prolino in pro<ltsols eea-
lures with every year Of its prosrsA
To the homeIbuilder this indsx 10 Of
great value. The large fortunes maAs In
New York real estate. a. Q rule. have
gone to those who BOUGHT land IN subur.
ban districts directly In the path ef Oop-
ulation expansion. The growth Of the
metropolis has been tremendous Anl u
has carried With Il proportlonats profits
for tho holders Of the land. Those VINO
bought outlying parcels selling at low
figures have been able TO csao ftch
profits when the always out-prsssing sea
Of population has swept over thsis hoed.
inGs.
In Queens to-day are the opportuni.
ties Of an era. Wonderful rapid tranat
Developments are to place Queens In
the forefront Of New York's centres Of
accessibility. This means that che rush
Of population II about 70 turn In that
direction Those who have studied past
movements Of land values In their re-
lation to the great masses OF people
do not need any further details. They
can sec tho future Of Queens real estate
unfolding almost - BY mathematical
rule.
ALL BUYERS OF REAL ESTATE
ARE NOT SURE TO MAKE MONEY.
Real estate has pscul!arities all It's
| own. and those who have not studied
1t carefully should not attempt to as
sumo too much from what they see
from day to day or from statistics OF
the immediate past. A person may be
right In regard to broad general prin-
ciples and still come out wrong from
the standpoint Of his bank account
1t is true that every DIT of New York
land has been advancing in value when
observed over . long period OF time.
and that It will continue to advance In
the future II Viewed with . long per.
| spsctlve. Upon this principle many
persons have bought land In the met
ropoiitan districts and have either not
made money or have actually lost In
| the operation. II 10 easy to explain
why. They have been right In theory.
but they have bought at the wron0
time. They have carried their bold.
ings during one Of the stationary or
reactionary periods which intervene D.
tween the times Of aggressive trans
formation In land utilities and values.
In other words. their poor Judgment
In buying has exhausted their rc'
sources and the prodts which ought %
have been theirs. The real pronts
have sone TO those who hold the HAND
during the times OF transformation.
This reveals one OF the cautionary
principles Of land operation-do not ps'
gin to buy after the dig moves IN
values have gone too far or have shown
signs Of elimination. buy ossors ths
big moves start. II possible.
NOW Is THE PERIOD OF QUEENS
rRANSFo oRMATioN.
| In Queens to-day there 10 the oppor.
tun.ty Of carrying out this maxim and
buying at the start OF one OF the grea'
value moves In metropolitan history.
Queens has been through nv boom
period. 1t has no inflated land values
Its land is resting quietly upon . sono
investment foundation which represent
the stsid returns OF the present and
past, during which period the transit
facilities Of the borough. although I'm
proving steadily. have not been sausl
to those Of Brooklyn or the Bronx.
Now an immense change 10 TO take