San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-10-07
|HREE PERCENT
|70P IN HOMES
R|0R TO 1920.
ia Antonians Owning
their Dwellings on De-
crease Until Three Year
DOVER WILL AID.
ok Just Issued Tells How
TO Acquire a Home and
Gives Other Data.
Washington. D.. c., Oct. T.


Washington, d. C., Oct. T.
lille the number of San Antonio
lilies owning their homes increased
] per cent in the ten-year period
10 1900 to 1910, it lost more than
II with drop of per cent from
10 to 1920. according to How to
n Your Home" a manual Just Is.
II for the public by the division OF
,}ding and housing of the Depart
ut of Commerce. The manual, with
breword by Herbert Hoover. secre-
of commerce, contains authentic
,4rmation concerning the steps tax
tin the acquisition of property, such
: The making of building loans, selec.
of the house site, choosing OF
'9ding plans and materials, and the
4 of maintaining home.
allow to Own Your Home" was
barred by John NJ. Cries and James
eraylor of the Department of COM
lice, and presents figures to show
~ the percentage of home-Uwners
FISan Antonio rose from YS.O IN
'a to 4O.S in 1910, while it dropped
= 8 in 1920. The manual can be
ned by sending five cents to the
intendent of documents, wash
[ q, d. G..
business groups are looking at the
Se-owning proposition in a new
n more favorable light, Secretary
ftver states in the foreword to the
De government manual. He says:
They see that taking a neishborly
est in developing sound financing
1 other machinery for the use OF
~ seekers, and insisting on the OBJ
ICE of honest, straightforward
| DIS by those who deal with home
y is not paternalism but good
.ess and good citizenship. 1t is
Ia square DEAL" and it is not only
lat but essential that the cards
hid not be stacked against the
fe-seekers.
| Zones Maintain High Standards. :.
Maintaining a high percentage OF
svidual home owners is one Of the
hing tests that now challenge the
lie of the United States" Secre-
z Hoover points out. "The present
e proportion Of families that own
n homes is both the foundation OF
found economic and social system
guarantee that our society VIII
niue to develop nationally as
f.ging conditions demand.
buying or building a home re-
fes the use of sound judgment III
hg that the personal needs OF the
liiy are best met with the funds
flable. 1t involevs not only the
\ ing on of transactions of financ-
4 nd buying or building but 1t IN
|o}.s the proper determination OF To-
lon with respect to school, to work
20 neighborhood."
II" retary Hoover states that the au-
bible has given a great impulse 70
arrban life and an increasing posi-
Nv of home ownership.
oHowe.Owners Better Citizens.
IA family that owns its own home
Il pride in it, maintains it better,
u more pleasure out of it, and has
h wholesome, healthful and happy
'osphere in which to bring up chill
A..
The home-owner has constructive
in life. He works harder outside
Snome; he spends his leisure hours
1, profitably, and he and ms lam
Sliye a finer life and enjoy more
she comforts and cultivating influ.
81 of our modern civilization. A
I,and and wife who own their
home are more apt to save. Iney
an interest in the advancement
social system that permits tne
oyidi,al TO store up the fruits OF DIS
,r. As direct taxpayers they take
3ore active part in local govern
Il. Above all, the love OF home is
Of the finest instincts and the
test Of inspirations OF our poo
he ruide book offers a wide range
,information useful to the pros,
i've home seeker. 1t is explained
if a certain family pays a sixth
Is income for rent, it may be able
devote one-fourth or more TO Duy-
and maintaining a house, for the
Iunt thus used may include both
and saving. Rent. or payments
IA home, may require from one
til to one-third of the family in
depending on the special cir
stances in each case. 90,
Ae-owning is encouraged in this
by the compilers Of the guide
sMost men and women who
house have never done it be-
and are usually unskilled, as
Sic generally are in the things
do but once or twice in a llfe-
But lack of experience should
r no one.
Danger Of Failure Small.
The prospective home-owner VINO
his common sense in considering
real needs of his family and the
ity to pay, and who checks his
Judgment by consulting expert
d persons, may go ahead with
confidence. He need not be fright
by the mistakes of needless per-
who have been carried away by
! novel feature and coaxed into
bargain, or who have tried to
beyond their means. While some
are involved, as is usually the
in obtaining anything worth
e, the danger of failure is reia-
by small when weighed against the
ntages of an owned home.
is explained that the amount that
be paid for a house depends partly
that interest rates are charged for
money borrowed to make the pur-
e, and the rate at which the prln-
is to be paid off.
teating the financial aspect of the
-buying proposition the booklet
pres that borrowing money 10
home is no disgrace. On the
rary, IL is normal and in many