The Wilmington morning star., 1944-09-30

C1CdSCS.
AS birds instinctively build nests,
so married couples like to have
a home. Up to the present time
many Of them have not had the
money to buy a home. Further
more, there have been enough va
cant houses which could be rented.
All at once people have realized
that they now have enough money
to buy house on safe mortgage
and, at the same time, find il
very difficult to rent a house.
These people might be doing the
wise thing if they can G ct the
houses at reasonable prices; but
it would be better for them to
sleep in tent for awhile than
to pay foolishly high prices.
! The real estate market today is
where the stock market was in
| 1928. Then when people suddenly
discovered that the supply OF good
stocks was limited, they stamped
ed one another to buy stocks.
Hence, the market went to unwar-
ranted high prices and then col
lapsed in the fall of 1929. Frankly,
think the same thing will some
day happen again. People will find
that the present supply OF good
stocks is limited and, before long,
will stampede to buy them. This
will result to the stock market sell
ing at much higher prices; but
finally. through a fear of commu-
nism of some other burgaboo,
prices will again collapse. Both
houses and stocks are governed by
the same law of action and re-
action tempered by the frailtles OF
human nature.
During the past few years have
been advising the purchase OF
homes believing that the then pre-
vailing prices were less than the
cost of reproduction. Today, in
those sections where there is a
scarcity OF homes, such real es'
tate is a better sale than a .pur'
chase. This does mot mean that
YOU should sell yourself out ct Z
home. but if you have more than
one house this may be the time
Ito cash in on the extra one.
Germany will crack some time
between November 7, 1914 and
March 7, 1945. How long Japan
will hold out after Germany cracks
denends on Uncle. Joe Stain. With
his active help we could finish ia
pan in. three months; but without
! his help it may take up to three
wears. At any rate, we can now
see the end of the conflict which
will mean a resumption Of build
ing.
After the war the Government
will encourage. the building OF
houses with favorable loans and
other means. Within two years
| there may be a suplus OF new
houses for sale at lower prices than
YOU can now buy secondhand
houses. This should cause a drop
! in the price of the. existing houses
which are in such demand Today.
Therefore, if you did not buy a
year or more ago, when SO earn
estly advised it, don't make any
thoughtless real estate purchases
now.
There has. not been much m
crease as yet in the price OF land.
Therefore, this is my advice 70
readers who want a new home:
| % Continue to. save your money,
putting one-half in Series e. War
j Bonds and the other half in Saw
ings Bank deposit. 81 Begin now
to look for small piece of land
where YOU can get town water, cleo
tricity, telephone and space for a
\ small kitchen garden. Have it with
\ in walking distance Of store, post
office, church and school, or else
near a bus line so not to be de-
| pendent on an automobile.
Do no building now although you
| can put in the concrete cellar il
YOU wish tot and id most com