Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1919-09-29
uWN YOUR OWN HOME.

4 I'll bet you ftNe dollars You can
\ find me house to rent" That was
the proposition made by house-seek-
err TO half dozen men in a group at a
club. Nobody took the bet. Houses
are filled The demand for rental
houses can not be supplied In this city.
1t seems 10 be a general condition in
good towns. A company Is talked Of
| in Cedar Rapids TO build houses for
| rent and for sale and a Cedar Rapids
paper urges its immediate organization
and prompt activity.
But why not own your own home?
At least why not own at il? II lacking
the money to pay for home why not
the plan of instsllment paymentsf
Those who own or can purchase q good
lot can arrange for the house. In Mar
shalltown the local building and loan
association has but lately expanded an
other million dollars to assist those
who desire 10 own their own homes.
Building and loan associations are
limited by law, OF course, as 10 the
amounts they can loan on certain prop
critics and the lot itself may not cover
the legal security; but a good man
with good record and good prospects
can usually find somebody willing to
take n second mortgage II be IL will
ing TO build modestly and cut his coat
according to his cloth. i
IN the last ten years none has built
a decent house either with money in
hand or by instaIlments who has not
made money by the operation whether
he owns IL now or has sold It Most
Of those whs have built have taken a
good profit or can take 1t II they
choose
Now it is true that a naa can't live
in his own home much cheaper than
ne can live in a rented house, but It is
also true that he can live there as
cheapIy. The difference is that be is
paying rent to himself instead Of to
another. Another difference is that If
the property advances the advance Is
his gain He can raise the rent Oh
himself to meet the advance and pay
himself and he can taks the gain II
he chooses to HQuidate. Everything he
does on the place he does for himself.
Nobody can move him unless he agrees
to IL He knows where he Is going TO
live nsxt year without asking any
body. Another, and most satisfactory
difference IL he has built on the in
stallment plan Is that when the last
payment is made he finds himself own
er Of all he has paid and there's a vast
difference between adding up the
monthly payments OK rent for ten years |
to wish he had 1t and looking over the
home from the other side Of the street
and knowing that he has IL some |
difference boy. some difference"
Now company to build houses Is a !
good thing. II furnishes the houses all |
right for sale or for rent. But there |
aEOLIef Oll1eTenCe between the CON |
pany house and the house John W. |
Wageworker or William Henry Clerk
built thru building and loan or that
some friend has capitalized for them |
It is the difference between building
just the kind Of house desired under
personal supervision and knowing just
what material and workmanship went
into it and buying something conceal
ed by paint and plaster. And that's
some difference also.
It's better to save and build now than
to wait ten years and wish you had.
Most people hope to own their homes
L eventually why not now?