Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1910-09-17
DEMAND FOR HOUSES
IS UNPRECEDENTED
But 1t l. Demand That Home Capital
Can Meet If it Will Cooperate.

There are two very important facts
we'll understood by quite a number of
Phoenix people that should be very
strongly impressed on the minds of
those who are yet blind to them. one
is that Phoenix needs a lot more dwell
ling houses of all kinds, big and little,
and the other is that if the Phoenix
people will cooperate through the
means already at hand. they can do
much toward supplying the need at
good profit to themselves.
lot of people are building fine
homes right now; more than ever be
fore and a lot more are able and will
do so i'm the near future. This is all
good and should be encouraged by ev-
erybody. But there are a lot more peo-
pie who haven't the money to build a
whole house or perhaps half of one.
Part of them need houses of their own
very badly and part of them have no
need for houses, but they can find a
good investment for the few dollars
they have saved by placing it with
the Home Builders association, which
in turn can build the houses for those
who need them.
The Home Builders needs money and
needs it badly.not because its business
is in bad shape but because il wants
To do more business and needs more
capital, and because those who want
homes of their own are besieging the
company daily to help them build in
accordance with its plan which is
working beautifully thus far. The
company is in fine condition and
though it was only organized this year
ii has already paid two quarterly divi-
dends of per cent. which is a good
interest investment. It's stock is still
selling at par, but will be advanced at
the beginning of the next quarter,
which is close at hand. And every
available dollar is working, which is
a fine thing both for the company and
for the town.
The stock is paid for on the INSTALL
ment plan usually and as fast as the
money comes in il is used in erect
ing new houses, accommodating citi-
Zens in the order of their application,
giving the householder his own home
to be paid for like rent and retaining
title to the property until the house is
paid for That Is certain safeguard
for the investor and helps the poor
man get Il start. He can build through
the Home Builders when he could not
borrow money to build with, very fire.
quentIy Nothing further will be said
about the plan at this time as this is
not designed for an advertisement and
those Interested can investigate for
themselves Reference is made to it
only in describing conditions in Phoe-
nix, with authoritative knowledge that
if the company had $4,000 more of
new money it could put it to work al
most Immediately, so house-hungry is
the renting fraternity of this city. And
the bigger the business the more valu-
able becomes the stock.
Getting back to the matter of house
shortage il is true there are quite
number of vacant houses yet, hut they
are mostly of the undesirable sort or
else can be secured only of those who
seek to secure extortionate rentals
through the necessities of others. OF
the ordinary cottage type, possessing
the modern conveniences, there are
few to be had and every one that
comes across the line of vision of the
rental agencies, is snapped up in short
order.
c. ]. McElroy. who is connected with
one of the local rental agencies, says
he had applications from fifteen fami-
lies on Saturday and ten families on
Monday, all wanting to rent houses
Some were accommodated and some of
course failed to find what they de-
sired Many take what they don't
want as il is the best they can get.
Rut IL all shows that Phoenix needs
more houses, lots of them and that
the demand can be kept up with II
the home people will cooperate in the
investment of their odd dollars.