Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-05-11
SMALL HOMES WANTED.

Comment was made ct . recent meeting Of = local
financial institution that while there are moro applications
for loans for the building of comparatively costly resi-
dences than can be met out OF the funds available, there
are very few applications Tor loans fer the building OF
the less expensive homes which are urgently needed in
Grand Forks rs elsewhere. In Specializing on the reasons
for this, the theory was advanced that building is being
done by people who are willing to, take the chance of.
further reduction In building costs ID order that they may
enjoy the advantage OF owning and occupying homes OF
their own In the meantime, while persons who would
otherwise build modest dwellings do not feel they can at
ford to take this chance. & N#- n.
Just what will happen in the building situation is
something on which there is room for wide difference OF
opinion. The Herald has no theory to advance on the
subject, and there are 30 many elements involved that a
prediction would be hazardous. 1t is true, however, that
building costs have been very materially reduced since
the peak of high prices. lumber is cheaper than it was,
and this is true of most other materials. There has been
some reduction in labor costs locally. Whether We have
reached or approached tina bottom is something which
every individual mus judge for himself.
It may be NaEEested however, that there are times
when it pays better TO take . chance than not to do so.
If the enterprise were Of q speculative nature, that might
not be vise policy. but the man who needs a modest resi-
dencs presumably needs 1t now. He is probably occu-
pying some other mans property and paying out In rent
money which in part II least: could be applied on the
purchase Of q home. Hence, unless there should be a
very great and sudden slump IN prices, which is scarcely
to be expected. the man who builds a home for himself
and moves into it Is likely to be ahsaA even though in
a year or two hts property may not have a market value
equal to it, present cost We believe that 1t Is the juds-
meat Of practically all Who have had experience in such
matters that except when prices are tremendously high
Is &hsy v&s . rear Or two ago. 1t Is good business for
tia man With . family to build for himself just as quickly
as he can raine enough money to make his initial payment.
The state seems TO have been we'll wet down during
ths pat few days In this the forecasts of the weather
bureau have been fully fulfilled, . fact which will probably
be forgotten the nrst time that 4 prediction is not made
good right to the precise minute. But perhaps more
important. and certainly OF more immediate local interest,
is the fact that the fields ell over the state have been
soaked just It the time when they needed a soaking.
not suffering. but they were just ready for a good rain,
and they have had II.
It 10 net b>&ng radical. that makes a man dangerous
- thS ssHs1nsatty; It 10 the nsthods BY which he seeks
70 have his doctrines put into praetiee. II those methods
include forcs a. ouY hosns-brsve4 Be!ebevfsks preach,
than thor should b. met With APPROPRIATE naaSurss-
Ii. c. vetsrans weekly.
Fler4Aa citrus fruit grower asaeuAcss = new
grapefruit chat tpetnAatss the at1nosrhere With per-
fpsnG" This is we'll, II It does not At the name time per-
mAats the aaksr IA thu eye With . half gill OF ITS juice
Minneapolis Journal.
rhs labse union loeal that inv4.sd NcNana.a 70 "a.
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