Jones

Petitioner and her late husband, .Grover Jones, in May 1931, completed the purchase of certain real estate known as the Tiger Tail property situated in Beverly Hills, California. The purchase price was $16,-500. It is admitted -that the real estate was purchased with the intent of erecting thereon a home to be occupied by petitioner and her late husband. The purchasers, at the time of making the purchase, were assured by the real estate broker with whom they dealt that they would have no difficulty in securing ownership of some adjoining land which the purchasers desired in order to permit the erection of the kind of home they had in mind. Upon attempting to purchase the additional land they were met with a demand of what they thought to be an exorbitant price. The purchasers refused to pay the price asked and determined to build their home elsewhere. Soon thereafter they purchased a home in another location and eventually erected a home at the new location which, together with the extensive improvements made, cost $250,000.

Immediately after collapse of the negotiations to purchase the additional ground adjoining the Tiger Tail property this said property was listed with the…