Mohave County miner and our mineral wealth., 1922-07-21
Babson Sees Revolution
 SS in Real Estate .....
The Statistican Sees New Factors that will Upset Pres ent Standards of Vaue

Roger w, Babson, advisor to over thousand of the country's leading executives has called another turn. :;
 In a statement issued to-day he outlines coming conditions in the real estate field and advises the purchase of suburban property before it is too late.
 "The big movements in real estate usually get well under way" says MT. Babson, before anyone realizes what is going on." Because they have seen land unused for years most people think it will always continue so. This is why the original holder seldom makes any profit from real estate. The value is so close to his nose that he does not see it.
 '"A fundamental change in real es- tate values is taking place. So far it has proceeded quietly without much publicity. Few people have realized it. The fact is that people are moving to the country. A few wise heads dis covered the bargains in country homes and they are quietly buying up all the land they want for themselves and IS much more as they can carry for a speculation. '>' \>
 "My advice to those who want sub- urban real estate is to buy at once. 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 of popula- tion since the institution of the rail- road. Within the next ten or more years the building of suburban homes should rival the growth of the auto. mobile, good roads, the movies, the phonograph or radio! '>. E.
 "In fact, these inventions make pos- sible the suburban movement. 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. Now automobiles have come within reach of the great middle class of peo- pie. They are increasing at the rate of more than a million a year. Ten years ago there were 100000 pas senger automobiles in the United Stat es. Today there are about ten million, which is an average of one car to about ten people! They are bringing new and better roads and opening up millions of acres hitherto inaccessible land. The more cars purchased, the more families there are who can have a suburban home, even tho the bread winner must work in the city. Wage earners during the last period of pros perity 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 is giving the rural or suburban dweller nearly the same freight and express facili- ties 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 minutes of the country home. Chain stores are carrying to every community tn esame efficient mer- chandising as the city dweller enjoys. Last but not least the radio, especially if developed on General Squire's wired basis, gives to suburban homes the fin est city lectures and music.
 "The reason for suburban expansion however, is not alone the attraction of a country home. In the cities conges- tion of dwelling house space and high rents long have been brewing discon- tent. For. more than five years now these conditions have existed. Rebel lion on the part of the rent payer is reaching the point of explosion. AL most any kind of a change would be attractive. Once the average city worker realizes that with a few hun dred dollars and flivver he can get a house of his own with all the land he needs, the chances are two to one he will move!
 "The city no longer has wall around it. Railroads make the first breach, but the railroads opened up only narrow strips along their lines radiating from the city. In most cases the railroads followed the val leys and lowlands, which are not the best building location. Between these lines are miles of land much more de- sirable for building but which have been inaccessible to the commuter be- cause men had no means of getting to the train. It is in these areas be- tween the railroad lines and within a radius of 15 or 20 miles of the cities, which the motor car and good roads have opened up, that the most spectacular development in new build ing should take place!