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1. ffflgy ,laaft v^'Wfft, have ftflW l a the *mst four JRMM at a mt@
a® f«*t at Is 191 ©~S0. AY&rage per-^jsra value* l a Hsraht
were 5? ^ti*mui p^v« the 19"3-3$ rvor*ve. Values 1& so£« states* lU
ftlr»st &mblod. In IMfl r*bout IS ;«>rce!tt of ell ealas vero by
who M l J N t i for two ye^rs or l e s s , about 8 p©rc®at "by th&@® who
hold f&r onb y^cr or lo?ft. Vhll* a rl^e froa peac©ilii@ l#f#ls is j u s t i fied ly Ut« H V I I M r l s ^ of net farsa tWMntf soi-^ postwar rel^tr-'so of
i s ftlaost certi>,ia« If |Sli parvMKl i awPOfl e moath ris# cf farm
l t e ! • p^5r ericas that will lailff prov® ayceaeiTo er else te, str^- out
•f th« sstxitat. ^»€0 who "b#3fi^%f heavily totougrat e^rreat or fei^^r
mj 3«t#r fa«» s#ri$u* fimmtml diffiimltlef» PreTffaties of toplead "»t B r vfll r<s«fc.ce pt«%v»r diffieultiefl t including
lac &p.s-ed by
in Ir.r^er train nre^s ba*tf*n 1940 nnd 13441 vdth imeh great@r
In «QC!M» ?sr»a* In th& r e s t nxid South* fifWW prlc#d proper tic: &
i s pMf»l hipl inerec'SMtd aor» thna hi^iar priced p r o p e r t y e . ifA)fi|i of
baying rsfleets not lyiWltwtlTiwi or lnresttisat but MMH&tflM
for MMpMHir, c&uited % the fhet that t witli reats eoatrolled
6 \meontrolled* TjtniTiinrflf p s i # n nulling to inmiiwf. M s i s
•honn by UM fp.c% thai torliag the 8S «tonthe •nfti^S Xtecenfcer 1944 aa
•rn^» of 16 to 3? percent of •&! tcrsaat-oce^ipiod tslngl»-frailly
in 8 le.rge c i t i e s
s Ml tlm^dy finding i t difficult to vmm Urnir l©a»
iolatlac th« *r^©.»©i!te,ble norsel traltxe11 rsqulraisstft of
, X. b i l l of
BMMlirectitB costs fegM Tlsen. slsioet &i id^rply a® real
t&te VB!B@®, te«| yHft. WltOTM thf:t tmeh of tbl» iucr©?te v i l l prove to

•fee toptptntfy* ^JB^ fWfiim

r i t e in mlwM v i l l p^wity liicre<iKe th©

reftd^u«ttaeot lstor, trfcen Tplttets rr-^ropch cnuallty with coetB of

80 ^ereemt «l»Te t.h©
m rtMosfibly hl^k tfrf «t»bl« Itvel of pro«r>«rity vitfe
t%>-8# proe^etlvo profits probably justify pre*«sit
^*© situation —f»rtbll»n c?a-G&r* imrngmm MMMI »f
rapidity «»f tlae ris© and the i&cre&fl&g Yolum© t f ffoaculati
ettntotion of a lar^s tpoeulfttlvv els seat ts tk© mrtest i s
to aMitttaile tfce rl«# nnd ^gr«v»te ejEqr subee-'pMH&t daeline. A
ten "beut be pr@v#ated b j pr«veatiag I H booa feoi£ ^ i s g too tar*