The sun., 1916-10-01
kSOENI -. NPAV. MFNNW<N INN
STATiCkER,
slO,OOO,OOO Has
Been Put Into the
Purchase of Coun-
try Places Since
Last Fall. Many
Instances Of Sud-
den Wealth Told
by Developers

Profits from war brides" earnings
nom contracts for supplying warning ma
tens with implements. fear OF !~nfnntilc
paralysis and the natural desire to W
a home IN the country are responsible
'or an unusually large home buying
movement which has been a feature OF
View Nolk's suburban realty market for
months, II is a long time since SC many
'ost!y, moderate priced and Inexpensive
suburban homes have been sold. Every
'aere n the outskirts prosperity Is met
with and talked about by developers and
'tal estate brokers.
Several developers. men who have done
much IN building up the outlying dis
'ricts. claim the current buying move
nent In the suburban field Is the strong
IS, ani holds promise of being the
Teatest they have ever seen. Hardy a
ie,elnpmen,-small or large. moderate
'r'ced or pensive-has escaped pros
tri'y which In most cases can be at
Tou.ed directly to the great business
resulting from the European struggle.
just before the fight In Europe got
vel started a man In q small exporting
BUSINESS bought q plot In a New Jersey
Development. He paid $1,000 for the
and and planned q $4,000 dwelling.
Three months later he changed his
mind. He told tho developers that he
Proposed erecting a more costly house.
one that would mean an outlay OF about
$4,000. Plans for tho mor p~retcntious
house had not been completed when tho
developer was halted by the prospective
house owner. who explained that he had
hhally made w his mind to put more
money into hts home. His final decision
vas for q dwelling that cost upward OF
$4,000.
Another instance OF how the fruits OF
NE war arc helping New Works suburbs
Is told NJ Il nan who occupies one OF the
costly houses in a fine development on
Long Island. Several years < this
man. who was in the steel business
ought "A corner on the monthly payment
pan, Vie hoped some day 10 resell the
Pace ~ au advance. since the character
o. the development indicated that his
Income was not sufficient 10 permit him
IYirr there. At the beginning or the
var he found it difficult to meet pay
n'erts Oh lis lots and the developers
We're considering foreclosing. A re"
months later lie paid entirely for hit
,t3d and started the construction OF y
$4,000 home.
Hn'thcf story Us told Oh u !ouhs Nla'
VINO built a small house In n OF the
bungalow colonies so numerous abou'
New York. lie found It hard to pay hi
.hstallnents even though they were only
'EE a month. Stories OF the fabulous
advances IN the stock market were ap'
rearing about that time In the papers
inc young man borrowed 5000 from hi
ia'her-in-law and bought some curl
Si"k which oon after had "A remark
"plo rise. AS the stock Price advanced
M bought more ou' of his prohts. Wher
.e sold out he had n fortune. He pale
,of his bungalow and gave II to hi
,a'hei-in-law as u gift In return for bill
nan Then the young man built fol
,lhself and his family a $4,000 dwell
ing Nearly every development OF an,
we In our suburbs has a similar stor,
- relate. One developer said yesterda,
nat the war had done moro 10 bette'
suburban business than anything sinc'
me great land boom Of years ago. whei
nan ana women. bankers, brokers. car
ssaSera. 1saitsrs, tsaAstsss. Sho0 werk