The Bismarck Tribune Newspaper, March 6, 1920, Page 3

SATURDAY, MARCH. 6, 1920. friggin soa BS al “BISMARCK DAILY * TRIBUNE Take Your Prch of. Three Tioasind : of the vacant lots we have for’sale from the river to the pen- . itentiary. ‘A great nianv of these wére ‘never before on the Warket; ‘many of them have been for sale only in large tracts and most of them at prohibitive prices. We haye induced the outside owners of these lots to 'nlace them on the market at reasonable prices and, better than that, we)are allowed to sell them on very easy terms. You cannot ‘heln but make a good profit on them even if you don’t build. There must be a tremendous amount of building done in Bismarck this year these lots and prices will advance. now. FE. YOUNG REAL ESTATE COMPANY SUITE FIFT EEN, peor el iis BANK BUILDING .- - RHONE SEVEN EIGHT R You can’t lose if you buy ia. op This will mean that the natural demand: will take up:many of ; OWN YOUR OWN HOME + st It is a regrettable fact that Bis- mark, with all the outdoors to grow in, is almost‘ as badly ‘congested to- day ‘as Chicago or New York. Pro-! portionately there are as many: or more homeless. people inthe capital ; city. | Newcomers, finding Jt impossible to rent a home, have keen compelled to buy. This has ‘simply resulted, im ; robbing Peter to pay Paul. The oust-| ed tenant merely exchanges places! with the new-comer, and he must! build or buy. Nothing has been done to relieve the congestion. We hear vepeatedly in this aay of high ‘costs for everything that “You || can buy more cheaply than you can, build.” That may; or may not be true. The Tribune is inclined to doubt whether any great saving can. be made in buy- ing ready-built. Mén who own prop- erty are just a& wide‘awake and shrewd as those who desire to buy. Property owners are awake to pres- ent values; they- know the demand for homes is greater than the supply, and they are not sacrificing any le- gitimate profits. The practice has been and will continue to be to add} to the original cost of the house the increase due to present costs of ma-|) terial and labor. Therefore, when you buy a Yeady-made home, unless you are’ lucky, you are payittg brand new prices for an article which is second-hand. Buy if you must, but build if you can. There’s satisfaction in building your own ideas into a home. Such a home becomes a part of yqu, a source of pride and a joy forever. And even if it does cost more, it’s’ well worth it. |.) The Tribune An Appreciation of advertisers; is to-be congratu- lated upon the OWN YOUR OWN HOME campaign now on. Bismarck must have: some new homes. Almost. every day the. aid of the Commercial Club is sought.to assist new. people . to find a place in which to live. This is a ‘condition ‘perhaps true thru- out the nation, but that it is true in Bismarck is‘ of very great in- terest to every citizen of our city. civic hospitality; it is a business opportunity. The site of Bismarck, is admira- ily turned away is an unfavorable advertiser of Bismarck , civic spit it, while every family which home at reasonable cost, or a fair | rental, is a good advertiser. is. marck is certainly destined to a || phenomenal. growth within, the | next. few years. it unless it be lack of housing fa- cilities, The business attractiveness of the city is beg taken cate. of in a-.very commendable, manner, by local .interests, but if we shall, se- | manemt residents, we must, at least meet the demand for homes as ful- ly as that demand is consistent with a permanent growth of the city: Bismarck has the money, has the spirit, has the 'sitage, has the men to solve this housing problem. Bismarck will rise to her oppor- tunity and keep abreast of any de- } mand for her permanent and con- sistent growth. It must be done, it will be done and Bismarek will | oi SISMARCK COM. CLUB. P. R. FIELDS, President. GEO. N. KENISTON, Secretary. and its clientele || This is-more than a question of | ble for home ap is an Every fam- | a been provided with a comfortal ‘le i Nothing can stop | | cure increasing population of per- | +|t + lI! BUILDINGS GO UP ; AS PRICES GO DOWN | ” Consider ‘able. interest..is being aay ested in home and business building \ in this city and lumber dealers, and ontractors here believe that with an ‘anticipated drop in prices ‘of building ‘materials this spring and that. there will be an unprecedented boom in'this feature of ae city’s de- i ;velopment. i The first, indication of ‘a cut ‘in the price of building materials was the recent announcement made by the Weyerhaeuser Sales. Co., distributing agency of the ‘Weyerhaeuser inter- ests, probably the. largest in the coun- try. The company hag informed its agents and dealers that a ten percent cut) in lumber prices just placed jin ef- fect will, continue, in force until June 1 at east. A lumber company. of ,this, city, |.which handles Weyerhaeuser, prod- ‘ucts, stated today that the reduction j would amount from $5 to:$25 on each 1,000 feet of lumber. * i| Other lines of building materials will probably follow in reducing prices and a general decline, might ‘occur as | early as two or three weeks. Nothing definite on this point, however, has been announced by any of the larger | companies, The Carpenter Lumber Co, reports ithat there are a large number of peo- ‘ple figuring on néw buildings, both igome and business . structures, _al- uzh no big, contracts have been Ipsed as’ yet. ivhigh this company has recently on. ured run from ‘$10,000 to $12,0 |'These same homes, it is said, could erected for $6,000, or )$7,000, sped }|the war. ‘The Finch Lumber Co. is not antic~ ipating any very gteat declin building material prices for the ‘see ent. This company is doing ‘consid- erable figuring on remodelling | and \]repairing buildings, but does. not an- ticipate any great amount of new building: until prices have shown a + |marked decline. rt error te mer ee _ Why Buy a House for Another. Man? Every, dollar you spend for the rent of another man’s house, means.a dollar off on his investment-—an extra dollar in his pocket, to invest in other property. At the-present rate of rents you pay for thehouse you live in, in less than ten years, . time—and what do you have at-the end of this period—only: a bunch: of worthless toe | ~yent receipts, while your landlord then = has property on which every dollar of his investment, has been xeturned. WHY NOT BUILD YOUROWN HOME? You‘can make the dollars you are paying. out in rént build your own home, and ina few years you will have the property rent .}- free. The cost of upkeep will be low. com- pared ‘With the rentals you are now giv- ne some one else and thé satisfaction i is initely. greater. Theres is:no safer investment’in the wala : than real estate, and no investment is eas- ier tomake. Only asmall initial payment is needed—you can pay the balance thru the aid of Buildipgend Loan Associa- tions’or banks in monthly sums no great- ‘er than the rent you are how paying and , in the end you’ have something —YOU * HAVE YOUR. OWN HOME. y ways good. what the American home is.” CA. F INCH LUMBER COMPANY America today is experiencing almost a return to’ the feudal. system of the middle ages. We're absolutely subject to the dictation, taxes and terms of.the landlords, -This statement, is a:faet— it’s'a condition of inadequate housing facilities expressed to you in a manner that may make you realize the one way out—a return to your iridependence to live within your means, to.live comfort- ably, wholesomely, rightly, conveniently and economically. HOME OF YOUR OWN. Be your own landlord. Invest your yearly rent in your own property, plan’ your home to your own needs, comforts, conveniences and ideas: Give your family the bene- fit of living in a pleasant environment, athrifty community and a contented neighborhood. The answer is—BUY OR BUILD A "Bismarck Must Build 323 Homes in 1920 123 new houses are reanined} in Bismarek each year to keep up. with the increase in population. £ During 1917, 1918 and 1919 building, was slack and a shortage of 200 houses was created. This shortage, together | with the 123 houses required for. 1920, means 323 houses must be built this year. Owning your own home.will make our town YOUR town in a way. that merely living here in somebody else’s heuse cannot. . The people today who own their own homes have shown confi- dence in this community by investing their savings here and that confidence has not been mis-, placed. The small investments they have made have grown to large’ and substantial invest- ments, and while they were saving their investnrents and had them in homes their credit was al- CONFIDENCE, One of the Essentials of Saccess, Comes ae the Knowledge of Ownership ofa HOME “Upon the homes rest our moral character; our civic and political liberties are grounded there; virtue, manhood, citizenship grow there. American citizenship in the long run will be, must be, BISMARCK BUILDING & LOAN ASSOCIATION. F.H. CARPENTER LUMBER COMPANY BISMARCK REALTY CO., F. E. YOUNG REAL ESTATE CO. ue IS THE SECOND OF A SERIES OF NINE TALKS The prices of. hee %