The Sunday herald and weekly national intelligencer., 1891-03-22
HINTS TO RENT-PAYERs.
A Few Facts That will Furnish Food
for Thought.

for Thought.
People generally are beginning to realize how
easy it is in these days to secure home. Con
ditions have changed greatly in the past ten
years, and it is no longer the rich man only who
can feel sense of security under his own roof.
Men and women of every station are figuring
on this question, and are invariably counting
as lost the sums upon sums which, small in
themselves have followed each other in almost
countless numbers into the pockets of the land
lord, enough to buy home several times over.
Thanks to the building associations, the trust
companies, the builders and the reputable real
estate dealers, the time is when any man of
moderateincome may turn his rent in the direc-
ton where it will eventually make him the lord
of his domicile. Why more of the rent-payers
of the city have failed to discover this is not
clear, but certain it is that the time is not far
distant when Washington will be u city of
homes in the truest sense of the word How
to make start in this direction is probably the
cause of delay with many people. Now for
plan. You may use it on a larger or smaller
scale to suit the proportions of your income
whether wages, salary, or revenue. You are
paying sos per month rent. Can you spare $40
per month additionalP Look over your assets
uhu HCCeSSHV lldDlllUltS, anu ucu W Ou0 you
will find the $40 staring you in the face. Very
well. Select some first-class building associa-
tion and pay in that $40 per month, say for
three years. Don't get inpatient years
are not long in passing. You have now $500
and interest on your money What can you
do now? So many things it is little difficult
to decide. Here is one way, maybe not the
best, but nevertheless good one. Select
house worth about $1,000. That is probably
just the kind of house for which you are pay
ing $25 per month-maybe it is the very same
house. If not, it may be new house which
some builder has erected for the purpose of
selling. He wants to sell-you want to buy.
Will $500 or 1915 cash and $25 per month buy
it? Perhaps not. Then make him this prop
osition. Tell him you will pay him 1915 cash;
that you viii give him your note for 1000,
secured by first deed of trust, for three years,
interest to be paid sem-annually, and that you
will give him your notes for $25 per month for
the balance, secured by second deed of trust.
Why should he accept this? Because he can
go to his real estate broker or one of the trust
companies and get cash for the So, 900 note, and
maybe for the Others. Now, then, don't you
see that all of your monthly notes will have
been paid before the $4,000 note comes due,
and that the $40 per month which you had
paid into the building association will be just
paying the interest on the large note? Well,
then, you have paid all your monthly notes
and have six months time to take care of the
$4,000 note. Don't get frightened. In that
time you can either paper your house, buy some
new furniture, or save $3.50 more. 1t doesn't
matter which, for the building association
again comes to the rescue and loans you 50 900,
or 81 $50, as you may want, to pay your note,
and will let you return it in monthly Install
ments. That's one way to do it, and you will
be different man or woman after it is done
You would have tried it long ago if you had
understood how easy it is.