Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-12-05
REALTORS To URGE
SAVING FOR HOMES
Launch Campaign Asking
Renters to Save $500
for Down Payment.

Believing that thousands and thous-
ands' of families that do not own their
homes could DO so, the National Asso-
citation Of Real Estate Boards this week
opened a countrywide educational
movement urging employed renters to
save at least $500 to use toward =
down payment for a home within the
next year
This campaign" was started Tuesday
when real estate Offices and banks in
cities over the country observed Ma
tional Home Savings Day" issuing fig
ures intended toa show the public how
purchase of private dwellings.
The starting of the movement was
featured by distribution of thousands of
guides listing small, homely means of
saving money found to be possible with
out changing living standards.
The association believes that thou
sands of families would be willing TO
make the necessary sacrifices If they
we're convinced they could save enough
to be in a position to undertake pur-
chase of homes of their own.
our plan does not begrudge the
family the automobile, radio or other
things dear to their hearts" says Harry
S. KiSsell, president of the association.
II SebhS W CuI Idli only on SOiilt ca
penditures until the funds for home
owning are assembled
For example. the figures we have
prepared show how certain sums can
be saved by planning appetizing but
less expensive meals than the unthink-
ing family is accustomed to having.
The figures also show how savings can
be effected by making some Of the
family clothing at home.
Stores win Profit.
"It should be remembered that the
stores and other interests get much
more out Of the family when it has
home than when it has not Every
one knows that the home owner, how
ever small is proud of his home. Once
he has it and is in it. he will spend all
he can to adorn it. He is better Gus
toner then for rugs and furniture and
electrical equipment for new clothes
for his family BETTING their new posi-
ton for an automobile. He will spend
money for entertainment with a freer
hand
There never. at any time, in our
gree test prosperity. have been enough
homes built in America. and the trouble
is not due to any indifference to the
home idea The trouble has been in
getting started on the transaction. The
bulk of the prospects for real estate,
building materials, labor, and service
are small-Salaricd people who often can
not assemble the necessary down pay
ment
We have not met this problem from
the Point of view of the working fami-
lies on whom we are depending to build
these new homes and benefit our bust
ness world think that in the turning
of pillow cases. in the better planning
of meals, in the reorganization of bud
gets lie the potential funds that will
tenant vacant structures and build
thousands Of new homes
= 1T may be said that We are placing
the burden on women. 1t is the woman
who wants the home and who would
make far greater sacrifices than we
suggest if she really thought she could
obtain it in such ways. 1t is as
sumed that the man is doing his share
by working at his business or trade"
Interested business institutions
throughout the country will distribute
the savings guide booklets as a part of
the program. In Washington the firm
of w. c. & A. N. Miller is acting for
the national body