The Bourbon news. [volume] (Paris, Ky.) 1895-19??, 1922-06-02
OWE LESS ON HOMES
Ratio Of Debt to Value Decreases
In Thirty Years.
Bureau Of Census Olives Out Some
Interesting Figures on Mortgage
Debt on Owned Homes and
Farms in United Statea.s

Washington.-Accord TO q pre-
liminary report that has just been is
sued by the Department of Commerce,
through the bureau of the census, the
total estimated mortgage debt on
owned homes and farms In continental
United States In 1920 was $11 DOL .O0O.-
600 and the total estimated value Of
these mortgaged homes and farms was
$31, 708. 100000, the mortgage debt
thus representing 34.7 per cent Of the
total value. 1t should be noted that
the term "owned homes" is used. by
the bureau to designate those homes
/ which are occupied by their owners,
and similarly, owned farms" is ap-
piled to farms operated by their own
| ers, rented homes and tenant farms
not being included in these totals.
4 The total mortgage debt on owned
homes and farms In the United States
in 1890, the only previous census In
which this information was obtained,
was reported as 50, 133, 100000 and the
total value of these mortgaged homes
and farms was reported as $685., OOO,-
600, the mortgage debt thus represent
ing 37.5 per cent Of the total value.
The mortgage debt on owned homes
and farms increased 415.8 per cent be-
tween 1890 and 1920, and the value OF
these mortgaged homes and farms in,
creased 1915 per cent. AS q result
the ratio of debt to value has de-
creased, being 34.7 per cent In 1920 as
against 37.5 per cent in 1890.
The total number of homes not or
!. farms In the United States in 1920 was
:. 100000, of which 7195,0OO or 4O.s
per cent were mortgaged. Informa
I ton regarding the value Of the home
It and the amount of mortgage debt wa
# secured from 1884, 900 or 66.3 per cen
J. of these mortgaged homes. The tOta
p mortgage debt on the mortgage
D. homes not ON farms in 1920 is estimat
ed as Sc, 900, 100000, and the total valu
% of such homes as S14,099 100000 tn
% ratio of debt to value being 42.6 pc
cent.
ly The total mortgage debt on owne
III homes not on farms in the Unite
States i'm 1890 was reported as 81
u Otf ,OUOuO, anu l1iC tote'i foAuS VI SiANN
of mortgaged homes was reported as 81
s. 632, 100000, the mortgage debt thu
be representing 1913 per cent of the tots
value. The mortgage debt on owne
homes increased 473.1 per cent, an
the value of such homes 1855 per cen
&c between 1890 and 1920. This has r
TO- suited in q slight increase in the rat
ais Of debt to value-frOm 1913 per Gel
ng in 1890 to 42.6 per cent In 1920.
. The total estimated mortgage de-
he on owned farms i'm the United Stat
&C. in 1920, including the estimated NOR
gage debt on partly owned farms, W,
S5OO1 ,OOO, 600, and the total estimate
NC value of these mOrtgaged farms WI
@o ST., 609, 100000, the ratio of debt
value being 2S.4 per cent.
The total estimated mortgage de
- on owned farms in 1890 was report
as ,OS6,000,0OO, and the total val
20 Of these farms was reported as $3,O5
100000, the ratio of debt to value
80 ing 1915 per cent. The mortgage de
=. on owned farms increased 1905 p
cent, and the value of such farms Az
y, per cent, between 1890 and 1920,
.' ratio of debt to value decreasing fro
1916 In 1890 to 28.4 in 1920.