Evening star., 1943-02-06
More bui|dino
And Ownership
Seen After War
Realtors Must Seek
Part in Greet Era,
Sovings Aide Says

Increased nome building and own
ership after the war was predicted
yesterday by Ralph H. Cake, presi-
dent of the United States Savings
ana Loan League, during a meeting
OF the Portland (OregD Real Estate
Board.
He said that the job of the real
estate business and of the savings
and loan institutions is to figure
out their part in the great era of
postwar home ownership, ''in terms
OF doing it with our own ingenuity
taking our own risks"
The other factors will be there
TO achieve this great era. the post
poncd spending Of the citizens, and
the will of the building industry it.
self to get costs down to a new
market" he said
Private Enterprise" Needed.
THE postwar world will be a
great place for private enterprise
because it will require for it's re-
building the things at which private
enterprise has always been best. In
the history of mankind private en-
terprlSe has done all of the major
rebuilding which has ever taken
place.
The postwar world will need the
man of ideas, willing to take risks
with his money, his time and his
talents 1t will need to get things
accomplished efficiently and not
have blueprints lying around on
Government ofiicials' desks for two,
three and even six months.
More than any other phase of
production. home building has been
cited as the great emphasis of the
early postwar period. Some people
plan to get most of the job done
by Government building and public
housing. Actually no great home
building program will get going if
1t is turned over to the Government.
Let's plan to do it ourselves, let's
keep the real estate business in the
hands OF local businessmen, all the
way from the planning of the build
ing to. the financing.
Urges Financial Overhaul.
I'VE have to be ready to work for
and accept some changes. We most
certainly, in America, have to get
our financial house in order. We
have stacks and stacks of banking.
insurance and savings and loan leg
tslation in State and national ar
chives and still we have not solved
the problem of how each of us can
do the most effective job in the
United States. We have to get our
home financing system fashioned
into real tool to take care of the |
credit of our fellow citizens who can
afford to own property.
I'm my opinion, that means a
lot of families who will live on 81 400 |
a year as well as those living on
$4,000 a year and upward Our
home-financing system must stand
on its own feet, using the plans and
energies of local and private busi-
nessmen and relying upon their ex-1
perience in measuring a risk rather
than on the taxpayers to take a
loss.
II plead for clarity in analyzing
some of the propositions which
come before us, both as realtors and
home financiers. Let's be sure that
we do our part toward preserving
the private business system by sup
porting all of those factors which
belong to it and appeasing none of
Its enemies. I am profoundly in
terested in future cooperation be-
tween the real estate men of this
country and the savings and loan
associations so that we can prove
to the great mass of consumers that
they are well served by private en-
terprise," Mr.. Cake stated.