Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-12-19
SUBURBAN HOMES MAY
SOON Be IN BIC DEMAND
anderson Say" People VIII Move
Toward Outskirts After Finan-
cial Situation Improves.
NO INCREASE IN LOT PRICES
Vacant Sites Near City Limits HIVE
Net Advanced in Price. Says
zeal Estate Dealer - building
Material VIII Not BE Lower.
Hf JULIAN e. ANDERSON.
President of .JudIau a. kndrrson A. q

President Of Judlap &. Anderson a Co.
After giving the present business
conditions profound though; from
every angle, am fully convinced that
IA. financial shakc-up which We are
now undergoing viii! ultimately result
III Il FAR healthier demand for subur-
ban property The evident business
awakening !npresscs nc very much.
vacant lots have not in the las,
year or 50 had tackled on them VIVA.
"" cal! the ncw-farglah prices, !!k.
most everything else has The rec
Ords show that VIC have had very Jew
transfers OF vacant iois-no one was
Specializing in vacant proper
Houses were scarce and had proven
acute necessities The man who
wanted home would no, 20 10 the
Expense and trouble OF building one.
out took what was offered on the
market. and he paid the price.
Shortage Must Bc Filled.
This, of course. took w all the
vacant and available houses. and ,hcrc
3, now shortage that mus, be aucd
~ some way. Hence the inquiries
"bom; vacant lots. All good citizens
are encouraging the idea OF home
building. Tor the homc-owner is the
oesi citizen. Big corporations are en-
courag!nG their employees to own
'Aeir own homes, and many Of them
arc placing tho means within reach
OF the cmploye. But it is going to
take time 20 supply the demand. Tho
lots have got To be found. when
ever a house is built in suburban
territory tho. adjoining property i'm
mcIilntptS
this, OF course. is an inducement to
get on the ground iIoor. 10 reap the
benefits from increased valuations.
The wise ones are aware of the fac,
that when winter sets in and m,
ground IS covered with snow or sleet
and money is tight. tina, is the oppor
'"Hc 'irne 10 bu" suburban property.
Mnny Defer rurchnscs.
:! also find numhcr OF persons
who desire 10 purchase future homes
and VINO really have the money avail
able arc actually dcferring purchas-
.ns. anticipating prices To drop con.
siderah bly,. While do not subscribe
% the belief that The cost o; con
"truction VIII go higher. do not he
'irve il Will be much less than il was
last year. To get down to the basis
1n which houses We're sold last year.
'r.ces ON material will have 10 drop
from 90 to 80 per cent
This point may not be unders oud
by many. unless I might sag that
he average builder last year did not
sell his hom. on the basis of cost
of material. say in June but or
prices he had secured much earlier
IN the year. II not the year before.
and while il is true he did not give
the purchaser all the benefit OF the
low prices, he had secured, he at
least went tifty-tfty with them. BY
this you can readily see prices on
building material generally will have
to drop quite good deal to get
down so the builder can duplicate the
prices he sold houses for last fall.
Lumber is at the present time
cheaper, but freight rates are higher
We recently had occasion to ge. es-
Inmates ON some houses and found
that the aggregate cost would not
permit OF any reduction whatever
over prices prevailing last fall. This
Being true | would advise those
needing homes. or lots for homes.
not to hesitate longer. but get their
estimates during the next few months
or buy wherever they can find prop
erty to suit them al prices no: ex-
ccdinG last years"