The Birmingham age-herald., 1923-08-05
A Wise Decision


 Well Ethel what do you think about that little bungalow the real estate man showed today? Do you like tP Had VOL rather renew the here buy the bungalow and have a home o your ownF
 .Of course l want home of my own Robert, and do think dear little bungalow. cozy and nce put, nOo @ er I'm afraid not able to buy 1t; think Of soooo' that's lot of money for us you know
 Never mind that part ot it, Ethel now that we touno out that you are really willing give this apartment and have home of your and really WANT home, and that you like the bungalow saw, I've found way to 70, Robert you don't say that we are able to spend $6,000 why 1oo, in lump sum. Now, listen, knew before that we could buy home easily until That real estate man revealed something to Here we have gone on now for five wears living apartments and while this nice apartment we have foolish continue living and paying $75 month in rent when we could have been paying this home all ths tune ana almost owned the home by Personally have always wanted to home but gave it whole lot of thought because like didn't think was financially able to do so Naturally dropped the matter right there have realized however that we Il never GEl anywhere by continuing as we have; every get salary the goes up and other things in proportion consequently right where started from five and have noth- ing show for the rent except bunch o worthless rent receipts Then, we certain amount ot pride. anyway don't like the idea of living in other mans house and paying him month advance for the of it. Pride of ownership lot to You gain still more respect your friends by owning I've watched the other fellow who little home and some how he be getting ahead all the time Its the only thing do, Ethel to have home o our oVn We we been marking time for five and it's time to forward march, Then can't raise these children in this apartment there's for them play out in the
 Now back the financial end of it. Ethel ts just like th The price of the bungaowi 0O0 and know that's reasonable and in accord with prices similar bungalows There first mortgage of $3 000 bearing per cent which will have to We pay $l0OO down; that leaves balance of $2 900 which the rate of only $40 month per At this the 900 will be paid 50 months about four years This $40 month at cent interest, payment of the interest the first mortgage, insurance and taxes will all about average 70 per month $5 month less than paying for and when have finished the payments OWN the house except for of the first mortgage which be renewed for another period of five years. which will give ample time pay that In the meantime if should happen any misfortune of any kind and be able make the payments there ALWAYS ready sale for property like this in Birmingham We could sell if had and get money of it. and perhaps more for you know Birmingham only its infancy and is grow ing rapidly This that property will increase value.
 T knew before that it could be done easily Rob I'm glad you found way. Just think, only have pay $ 000 with and that will leave about $500 in the bank Then if pay $75 per month certainly $70 month and have house O. I'm happy this thinking of owning that nice little bungalow with everything modern and upto-date When going to buy it.?
 We will go down the first thing n the morning and sign up Then the necessary papers will be ready few days On October into brand home
 A MAN CAN'T BEAT" HIS RENT; HE HAS TO PAY IT EVERY 30 DAYS BUT HE CAN BEAT THE RENT PLAN BY OWNING HIS HOME.
 CONSULT THE CLASSIFIED COLUMNS OF THE AGE-t4ERALD EACH DAY AND SEE THE GOOD HOMES OFFERED YOU ON EASY TERMS.
 BIRMINGHAM AGE-HERALD
 BiRNiNGHAMS REAL ESTATE FORUM
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