Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-05
REAL ESTATE MEN /.
PROMOTE SAVINGS
Dealers Urge Plans for Ae-
curing "DoWn Payment"
Deposit on Home. !
BY GILES L. FINDLEY.

CHICAGO, December 5.-ReaI estate
dealers have abandoned fambovant
slogans of other years to tell prospec-
tive nome purchasers how to save The
$o0O needed for down payment on a.
small home.
Believing that thousands OF persons
who do not own their own homes do SO
by cutting corners" on their present
budgets, the National Association of
Real Estate Boards has inaugurated a
plan calculated to stimulate necessary
savings for new home construction.
Inc campaign is based en- figures
showing the buying habits of thousands
OF families and the financial experience
OF nome owners who have achieved their
goal by means of small but regular
savings.
Down Payment Problem.
without lowering present living
Standards, organized real estate dealers
nope by this means to solve the down
payment problem" which has ALWAYS
retarded home building and which has
Seen dccentuated in the past two years
by economic stress.
IT,, our plan does not begrudge the fam
ann
other things so dear to their hearts p"
says Harry S. Kissoll of SprinofieId
ONO, president of the association III
only seeks to curtail on some pxnendi-
lures until funds for home owning arr
assembled. arc
For example, the figures we have
prepared show how certain s,,n,s cor
pe saved by planning appetizing bIt
ieoo expensive meals than the unthink-
ing family is accustomed to having,
mere never, at any time. in o1r
gLeateSG prosperity, have been enough
!IolileS oullt IN America, and the troIbIe
10 not que to any indifference tn the
nome Idea. Almost any one would
quarters. -A'e LII rented
The trouble has been in oot.;ru
started on the TRANSACTION il ba setllhg
mat the bulk of the prosnects for Zen zen
estate, building materials Iah ~ tTa J
service are Small-Salaried nponJa NJ
down payment" '-'0 necessary
VA summary Of the figures bv which
tlle association expects a s5n.a 80.
~ could amaSs $500 in q wear ch1,,Is
i trie 1oAoWlng estimated savings: Clear
r n1f rugs, $40; repairing rugs. $40. deco
iaCls, S5U, curtains, 81; linens and
o1o.tN!y' go, window cleaning s6.
o oSg; making own house dresses ana
c itnuien clothing and pressing and
CIeanlng at home, SIS; amuse1,e 80
SAYINGS g on movies and other incidantaIs'
$40: betWeen-meal refreshponotr SaE,
$3.50 NAVAL payment dinners"
Better Planning.
h. Mr.. kissell believes the problem rsvar
mas been met from the point Of via eru'o 81
Ile working families on whom n is > u
PENDENT to build these new bo,,,o :" &c
tpenent the business world He tb; @u
oeCter planning of meals. little oco,A A'
mics by housewives, such AZ +, uooiio-
o woni, tp;lIoWcases and a general reors
f sisii[ [s OF budgets, will Supply noten-
IiaI FUNDS that will not onIv At, roenr
tESacanC structures, but will aIso lay ,,iiyy
'if1uSands Of new edifices DNA1u
~ answer to the criticism that +b;a
pan places the burden on wonoan r Sttl'
e sI says 1t is the woman who ,a 10,
me nome and who would 6o ~ "anCs
UNCUT ronmI Things than we suggest If ne
rraiIy thought she could Obtain T. "i 9n
b b., ways. The man is doing his rbora
W "orKlng at his business or +rada
po1 AZ least this plan is worth :rvin,
banker, business man, poIiticior Is
TI e. alike have declared ranaata ~
~ ~! Tor the past two wears that reet,.
, raom OF nome construction would hripo