The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-05-08
SALT LAKERSBUY
Their own HOMES
Citizens Have Won Reputation
for Prosperity and for Sturdy
independence.
OFFER INSTALLMENT PLAN
FIRMS PUT DWELLINGS IN THE
MARKET ON EASY TERMS.
OFFER INSTALLMENT PLAN

One great popularity Of Salt Lake
is the fac, that it is a nome town.
A few years ago realty concerns be-
gan the erection OF houses for people
OF moderate incomes. requiring only a
small payment down and demanding
small fnstallments from month to
month The advantages OF the plan
are already apparent. In nine cases
out OF ten, 1t is said, the owners have
now paid off a large portion OF the
fnstaliments and own their homes.
1t should be noted. however, that
these concerns which have been doing
much of the work Of erecting new
homes, are not building and loan as
sociations. Some of the leading real
estate concerns of the city have been
engaged in erecting new homes for
people of small incomes and demand
ing only such payments as would give
a slight advance over ordinary rental
and which is applied on the purchase
price of the house. The entire north
ern part of the east north bench has
been developed in this manner and the
southeastern portion of the city is
rapidly coming to the front in the
same manner
Much attention has been attracted
by the sale of small building lots
along the east bench by realty dealers.
At the beginning OF the movement
purchases were made mainly for in
vestment purposes. At the present
time, however. there Is additional i'm
petus to the home-building movement
Ashton-Jenkins company, owners of
the beautiful new addition just east
of Thirteenth East and south of Tenth
South streets, called Liberty Heights,
are undertaking the erection Of 8 num-
Der OF new buildings and will turn the
addition into one OF the handsomeSt
tracts adjoining the city. Already
plans have been prepared for num-
Der Of new buildings there and others
Will be undertaken in the near future.
Fine Homes Offered
Most of these new structures will
be of a better class than those usual
ly erected to be paid for on the In
stailment plan and larger sums will
be demanded as cash payments and
yet the idea will be the same, mas
much as the company VIII undertake
the construction of the homes and de-
pend on the payment or future sums
for reimbursement.
The movement now being carried on
by Kimbau & Richards In the extreme
south end of the city is also a note
worthy one and in keeping with the
developed in the past. The immense
tract, carefully laid out with streets,
provided with water, facilities for
lights, sidewalks. shade trees and other
being sold under the terms of building
restrictions which Will require the
erection of first-class homes. The
companv is doing more than this. New
houses are already under course OF
construction and the company mas an
nounced it's intention of erecting fifty
new houses in the tract as rapidly as
the work can be carried on
On the west side of the city, In OAK
Law and Oakley Park additions, the
same movement is carried on and nu-
merous contractors are busy erecting
new homes, which are sold TO purchas-
ers on easy terms It IS stated tnat
nearly all of the homes of people OF
moderate incomes have been con-
structed by realty dealers who opened
up new tracts for residence purposes
or have been erected by contractors for
the same purpose on ground purchas SEQ
for investment in those same locah-
ties.
This proposition is simply an extern
sion OF the installment idea me
small amount Of cash required TO erect
a new home acts as an fnduceInent
for its purchase. The payment OF IN
staIlments then becomes similar 10 tne
accumulation of a bank account Much
has been said in the past or the pros
peritv OF Salt Lake citizens. and their
sturdy independence It is suggested
that this result is largely brought
ahout bv the habits of thrift engen-
dered through acquiring a home and
having for 1t IN small amounts at
time.