Evening star., 1945-09-25
Realtors TO Fight.
'Sociia|ization' of
Real Estate
$500, 900 Research
Foundation Planned
To Aid Owners
BY ROBERT ]. LEWIS.

In a NatlOn-Wlde move against
public housing and to safeguard
real estate interests, a $500, 900
research foundation established
here soon will sponsor a grass
roots" association to represent
millions offsmall property own
ers throughout the country, The
Star learned today.
Hitherto kept under wraps until
organization got well under way,
the National Real Estate Founda-
ton today was revealed to have
held meetings in 10 States of
home builders, bankers, mortgage
bankers, building and loan execu-
tives, insurance company repre-
sentatives, suppliers, contractors
and real estate dealers.
Fifty of an intended 300 trustees
representing the 48 States have been
chosen. By November, when the
full roster Of trustees to operate
the foundation has been elected,
the organization will press for a
charter by Congress. The founda-
ton is now incorporated in the Dis
trict as nonprofit corporation.
A bill to charter the organization
was introduced in the Senate by
Senator McCarran, Democrat, of
Nevada on the closing day before
the summer recess, and action is
now being held in allegiance pend
ing full organization of the Board
OF Trustees, 1t was reported.
Six Local Officers.
Six of the 10 temporary officers
and trustees are District residents.
Oficers are: Arthur w. Binns,
real estate and property manage
ment operator, Philadelphia, chair
man: George E. Schuster, insurance
executive, Toledo, Ohio, vice chair
man; Myron Davy, District builder.
treasurer; N. C. Hines, formerly
executive director of the Home
Builders Association of Metropoli-
tan Washington, secretary and exec
utive director
Trustees are: Herbert u Nelson,
executive vice president of the Ma
tional Association of Real Estate
Boards: Joseph H. Deckman, Dis
trict wholesale building and supply
dealer; Lewis T. Breuninger, local
realtor; Bruce Baird, president of
the National Savings g. Trust Co.;
Harry A. Taylor. East Orange, N. j.,
mortgage banker. and Morris Ca
fritz, president OF the Home Build
ers' Association of Metropolitan
Washington. representing apartment
house and hotel ownership.
Incorporators were Messrs. Breun-
niger, Davy and Deckman.
Explaining the purposes, Mr..
Hines said today the organization
will mean to real estate owners
what the Rockefeller Foundation
means to our health and the Ma
tional Industrial Conference Board
means to industry"
Research Is Planned.
The foundation, Mr.. Hines pointed
out, will have as major aims re-
search Into the trend toward So
cialization of real estate" and an
investigation of real estate taxation
and the financing of home owner
ship.
I'VE want to find out and report
to the public the real reasons be-
hind the trend for socialization of
real estate" he said" Public hous-
ing is socialization of real estate
under the guise of slum- m-clearance
housing for the poor"
Mr.. Hines added that the question
of public financing also will be a
subject for research by the founda-
tion's staff. I'VE want to find out
if there Is enough private money
to finance the job. and II there is,
the public should know it," he said.
The executive director pointed out
that the foundation would be an
educational institution only, and
that, in line with its articles of in
corporation, generally would seek
to sponsor, encourage and finance,
in whole or in part, activities de-
signed or intended to increase the
number of private home, farm and
other property owners throughout
the United States" as a foundation
of good citizenship.
Immediately ahead, Mr.. Hines
pointed out, is the launching of a
Nation wide organization of small
home owners to be known as the
National Small Property Owners As
sociation. The foundation will un-
dertake this project in November
he said