The San Francisco call., 1895-10-14
Why More Persons on a Fair
Salary Income Should
Own Homes.
LANDS, PLANS AND FIGURES.
Building and Loan Association
NeWs-Resume of the Records
of the Past Week.

proved streetcar facilities, low real-estate
values and cheap building materials, there
might have been made much better
showing had more families been willing to
devote their monthly rents to paying in
stallmeuts on homes in any one of the
many desirable residence portions of San
Francisco.
Much of the home building we see would
never have been done were it not for the
men with capital who have erected houses
for others and accepted payment for them
in small monthly installments. The tracts
that have been subdivided, graded, sew
cred and otherwise improved are the first
to be selected by the home buyer and the
men who build houses, because they are
nearly always on the line of quick trans
portation. You can imagine what the pic
ture of some OF our villas would be If the
home-builder had no other resource than
his ready cash to build a home after he
had acquired the land. Instead of the
stately and handsome homes of brick and
stone we have now we would see frame
structures or the cheapest construction Of
brick houses, without the least attempt at
artistic finish. Instead OF that our resi-
dence sections are graced with many of the
most modern, the most artistic and the
best finished houses ever seen in any city.
Many of our select places, where the
homes of our middle classes are present
more exclusive and ornate appearance
than the select quarters of the rich in other
cities. The buildings vary as much as the
minds of the men who build them and the
people who live in them often have as
much to say about the arrangement and
finish as the men who build their own
mansions, and pay cash for them when
they are finished.
A home can be built in a select quarter
or bought after it is finished, by any one
who has from 500 to $500 cash, and who is
OF a thrifty nature and economically in
clined. Nami les who do not own their
own homes must pay rent, and, if the head
OF house is thrifty enough to pay his rent
regularly, he is able to buy his own home,
provided he can save from $i00 to $500 to
make the first payment. The payments
required by capitalists after n house is pur-
chased are only from $15 to $40 a month, in
accordance with the value OF the property
and the cost of the house.
No one need fear his inability to make
the monthly payments if he is as in
dustrlOuS as he was before moving into
his own home, for any one who can pay
his rent promptly can buy his own home
without any more worry than if he were
paving rent. The feeling of ownership in
land or of owning the roof that shelters
the family is ample compensation for all
the worries that have been gone through,
and ii can only be understood by one who
has felt the pleasure of calling his home
his own When the family once realize
that the property is theirs, even if only
the earnest money is paid the husband
and wife and children at once begin to take
better care of everything. They plant
trees, shrubs and flowers, lay out garden
patches and flower beds and keep eyery-
thing in repair. They know that from now
on there will be no more complaints to
make to the agent when the rent is paid
about repairs and other necessary things
about the place.
After acquiring a house on the monthly
installment plan the purchaser begins to
feel his responsibility and so does the fam
lily. They realize that monthly notes are
to be paid, and, though they may be living
modestly, they begin to economic and
save up. In a short time they often find
themselves with money enough ahead to
take up several notes in advance and cave
the interest. When this is done the great
est lesson in economy that can be taught
to householder has been learned It is
safe to say that person who has gone
through these trifies, which NAV seem
hardships at first, and has accomplished
what he set out to do-buy house-would
never go back to renting If he had to live
the life over again and undergo hardships
twice as great.
1t is said to be true that only per cent
Va lllt tcOpit VI no III Ilo venture
OF home-buying on monthly payments
ever fail.
When it Is known that 80 per cent of the
ventures IN business life are failures and
that 96 per cent of the ventures with
home building are successful, it NAV be
imagined that the home buyers do not
leave stone unturned or spare themselves
an effort which will aid them in achieving
the goal The fact that man undertakes
to make his own home is a guarantee that
he is in one respect a good citizen. He
does not always do it with the single idea
OF saving rent; he sees his chance to be-
come landowner on easy monthly paw
ments and he steps in and takes it. His
future brightens and new world opens
up to him before he has paid for his house
HIS industrious habits have insured him
his situation as long as ne continues SO,
and his frugal manner of living has
taught him to economize even after he has
reached the point where he might relax
little.
REVIEW OF THE RECORDS.
There were sixty-three real estate loans
made during the last five days of the week
ending Saturday, October II, amounting
to $ll, 764, as against S260,570 for the
previous week. The principal amounts
loaned were the following:
By the German Savings and Loan Society to
Joseph and Bertha Greenberg, $500 for one
year at 652 per cent. on the property 50 :93[x
12O, on the west line of Franklin street. 1895
south OF Broadway: by the Hibernia Savings
ana Loan Society to Mamie A. and Morris
Meyerfeid Jr. and Sigmund B. and Fredrika
+. Schloss; 1000 for one year at 615 per cent
on the following proper rites 25xlO0. on the
north nne OF Waller street 30 Is west OF Shra-
der; l37:6xl37:6 IS, at the northeast corner Of
Stanyan and Fell streets, end 1o3:1I%x275 Mt
the northwest corner OF Fell and Cole streets. !.
by the Germania Building and Loan Associa.
ton TO Henry and Martin Rath jen Sl3 600 for
nine years at 6 per cent, on the property. 4Sx
20, at the southwest corner of Lombard and
Fillmore streets; by the German Savings and
Loan Society TO Marie E. Hoescb $1,000 for
two years at 612 per cent. on property soy
I3I 70, on the north line fClay street 165 west
OF Taylor: by the Kibernia Savings and Loan
Society to Raphaels Gncorporated) Sl3 600
Tor one year al 613 per cent, on property on the
north line of O'Farrell, 90 IS east of TayloT
east 40, north 1876, west % :6 etc. nv the
German Savings and Loan Society to I # NJ
Kelly, $15, 900 for one year a. per cent on tho
following property: 496x56 at the northeast
corner OF Powell and Sacramento, and 56x4o q
on the north line of Sacramento 81 :6 east of
Powell street; by the Hibernia Savings and
Loan Society to Bridget and Sarah A. Kane and
Catherine L. Johnstone, $4,000 for one year at
0I2 per cent on property on the southeast line
OF Mission street, 115 :O3 southwest of Eleventh
southwest %, southeast S4.49, northeast 25
ETC.. and by the German Savings and Loan So
clety 10 L. J. and Ellen J. Levey, $500 for one
year at % per cent, on property 25X1l 3 on Tho