Imperial Valley press., 1930-04-21

rent bill. The owner of course paws
these same taxes but pays them di-
rectly.
Insurance: The same general
amount of protection is required.
Interest sn the Investment Rep
resented in the House: ..This of
course is covered just as it was be
fore.
Possible Vacancy Allowance: The
home owner does not have to pay
for this item. He does not have to
pay heavier charge to cover what
ever loss the landlord would sustain
during times when his property lies
vacant.
Repairs and Decorations: The
renter pays for his repairs and dec
orations as part of his rent bill. OF
course the family that owns its
home must pay this charge directly,
but every housewife knows she can
make the charge for repairs and
decorations in an owned home low
er, by considerable amount, than
the landlord would have to charge
for them in making up rent bill.
A renter is harder on a house than
is an owner. Moreover the chang
ing of tenants is wearing on rented
structures.
The Landlords Profit: This item
the home owner is no longer paying
for.
Savings Enabl Purchase
The savings in the last hree
items, in many cases, allows suf-
ficient funds with which to pur-
chase a home. For example, on a
property worth $500 (house and
lot \, the landlord profit would
be computed probably at not less
than eight per cent, of this amount;
certainly he should receive h S
much in return on his money for the
risk and management costs which
ne must meet. Eight per cent of
4 800, is 5000 year. This is an
amount the renter pays for occupy
ing his rented quarters in addition
to all other charges for keeping up
the houst listed above. The land
lord of such house probably will
add also another 500 IN making up
his rent figure to protect himself
in case this property stands vacant
a month or more during the year.
! Z his makes 500 the renter pays
! aside from the carrying charges
TOR the house. That 500 would be
sufficient in many localities to pur-
| chase a home on installmeut pay
| nients.
But the advantage to the family
which has committed itself to buy
ing a home is greater than appears
OF any statistical tabulation. The
advantage is primarily not the mar
gin of actual saving but the fact
that a saving is made that would
not otherwise be made. 1t is uni
versally admitted that family Will
save money to make payments on
htme that il would not save in any
ether way, and it is universally con
eeded that a family builds up a
capital and credit standing Ii t
nothing but the goal of home owner
snip could bring about. Denials and
economies become easier IN order
tC achieve so great an end.
If hard times come for a while
the family will cut down its stand
ards in some other way and continue
payments on the home over the de-
pressed period. When clear sailing
is reached again, the family finds 1t
has lost nothing in standing and has
even increased its wealth TO the ex-
tent paid on the home.
There is a further and very real
way in which the family builds up
its equity in home which 1t owns.
It. plants vines and hedges, % g
bushes and trees. 1t builds up the
home itself into something finer
nd more valuable than the struc'
ture it took over. Women instine-
lively are home-makers, and they
find innumerable ways for making
attractive and livable the place that
is to be permanently their own,