Re: Homes for Immigrants
Date: February 25, 2014 07:23PM
davey7 Wrote:
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> Developers - not so different from today, just on
> a much smaller scale and more fragmented, i.e.
> land was sold to builders rather than one entity
> doing both (oversimplified of course, but general
> idea). Investors bought the houses and rented them
> out, people with cash saved bought (the modern
> mortgage came much later).
That explains why so many names appear attached to lands on early Chicago maps; probably the names New York or Eastern investors.