The Pleasantville press. (Pleasantville, N.J.) 1912-1929, 1927-10-25
A Sharp Drop Is Unlikely.

A Sharp Drop Is Unlikely.
AS to the current prices. If any
one thinks that at present, or at
4, any time, for that matter, he will
find houses of practically the same
type all priced alike he is mistaken.
Owners and builders have different
views as to what their houses are
worth and as to what they will be
able to sell them for. Often they
. are forced to sell as quickly as
possible and then they are ready
to strike a bargain.
Houses that are in the cut-price
lists usually have something seri-
Gus the matter with them, else
greatly below the market figures?
If this is not so, then the owner is
short of money or something has
turned him against his house, and
he wants to rid himself of it even
at a sacrifice.
Like Seeking to Beat Stock Market
There are many persons who
have held back from buying since
the prices began to ascend after
the war. They have been saying for
at least five years: well, I'm wait
ing for the price to drop; it'll come
down all right" Perhaps they are
fooling themselves at least when
figured on the buying power of
the dollar.
One could find just as many per-
sons who have been waiting for a
long time to buy General Motors,
Bell Telephone, General Electric
and countless other high-class
stocks when the price comes down.
Like the would-be home buyers
who still are waiting, the would-be
stock spectators have not seen
Z the market crumble and prices
\ tumble-not to any appreciate ex-
& tent permanently. What the stock
market walters have experienced
however, is decided advance in
most of the important stocks The
chances are that most of them
/ would still be found waiting for
&still lower prices even if there was
~ moderate slump.
,a Now buying real home-a house
and grounds that appeals to one
ms a place in which to live COM
tfortably and enjoy oneself-should
wait no longer than it takes to find
"the place" Such properties do not
glut the market now or at any
stime. They cost money and they're
worth it; they are uncommon and
4 are worth buying as soon as
located.
The Walters Still Wait
Waiting for prices to drop, aside
from the lowering that may come
from over-building of speculative
|. houses and from the throwing on
the market of houses which no
longer satisfy the owners, is bound
to prove tedious task. If one was
to live forever he could, perhaps,
afford to waste ten years more
waiting for just the place he wants
nat just about the price he is VIII
ing to pay for it. But who wants
t to waste five or ten years out OF
his comparatively short lifetime
merely to save small percentage
on the cost of his home? Isn't that
false economy?
At the bottom of all housing
costs, from cottage to mansion ana
great estate, is labor. Of course
there are some who hold that labor
will be forced to reduce, but most
likely they mean that the cut VIII
come with a lowering of the cost or
living. The big business man real
ICES that to make drastic cut IN
wages and salaries generally would
precipitate serious trouble. Bust
ness has beep good and is keeping
ND well largely because of labor's
high pay and spending ability;
largely because of the raising OF
the general living standards of the
American people to make the use
of automobiles, electric refrigera-
tors and similar things common.