Only those "in the ring" can tell where the "boom" will go next.
In these days of unparalelled rapidity of change in industrial and social
conditions it is most undesirable for a man to be hampered by a shell
which is too large to carry about with him and too valuable to be left
behind. To each reader will occur instances of the refusal of an
advantageous offer because the family home could not be realized upon at
once, the location once so favorable had become undesirable, and the
values put into it could not be recovered because of social conditions
following industrial changes.
The keen observer hesitates in view of all these conditions to advise any
young man to invest in real estate for a home beyond a sum which he can
afford to lose if need arises to move. These changes carry a need for
mobilization of its army of workers. The encumbrance of family Lares and
Penates cannot be tolerated. Only a small per cent of young men are to-day
sure of remaining in the city in which they begin business. What folly to
encumber themselves with real estate which, sold at a sacrifice, brings
barely half its price! Moral exhorters have not carefully considered this
side of the question in their arguments for house-owning and
family-rearing as anchors to the young man.
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