The Daily Alaska empire Newspaper, April 29, 1936, Page 7

AMER|CAN HOMES A ARE J2 AS DANGEROUS S BATTLEFIELD/ e 34500 AMERICANS ~ * )/ OVER HALF THE NUMBER OF U.S.SOLDIERS KILLED DURING THE WORLD WAR~WERE ACCIDENTALLY KILLED LAST VEAR /N THEIR OWN HOMES ! FAULTY HEATING, RICKETY STAIRS, DANGEROUS INSULATION ARE UNNECES- SARY HAZARDS. TODAY OLD HOMES CAN BE MADE SAFE ~ MODERN HOMES CAN BE BUILT~ ON EASY MONTHLY TERMS !/ ASK _THE DAILY ALASKA EMPIRE, WEDNESDAY, A‘PRIL 29, 1936. THE HOUSING FORUM Can I afford to buy a home? Is| it better to rent or buy? How much | can I pay? There are two schools of thought on owning property — one says: | “None but the wealthy can afford to own his own home.” The other is expressed in the widespread “Own | ' Your Own Home” campaigns, which |hns not yet taken over, then own- urge everyone to buy a house. As is usually the case with flat dictims and slogans, neither is wholly correct. Many who are in the. very small income class cannot only afford to own their own homes but are better off financially, so- cially, and spiritually for so doing. It depends largely on the business of the bread winner, the make-up of the family, and the locale. If the family income is derived from a steady job that seems perm- anent,, if the family interests are centered in the locality, and if the neighbrohood is a reasonably stable one, then.the wise thing to do is to buy. ,Mdupnead and the family is about mg t9 move within a short time a real one; if the family interests are WATIQNAL BANKS | to dmmegrate through the flight |of the wung from the nest; or if the neighborhood in which one lives is in the process of flux from resi- @inie Bann3 8 TRUST COS. BUILOIG & LOAN ASSNS. ing a home,is more likely to be a " liability than an asset. And now how much should we pay? If we rent, we should not pay over 20 per cent of our income; if our family life is simple and our expenditures, other than the usual living expensgs, are small, we might stretch a point and pay 25 per cent. And if we buy, we should not pay more than a sum equal to two and MORTGAGE COMPANIES one-half times our annual income. ol On this basis under the long-term amortization plan instituted by the house can be_ acquires € acquired by monthly AL OTHERS | Federal Housing Administration the | payments over a period of years. |In most cases such payments are ! \ i ANV APPROVED BANK ABOUT MODERNIZING ‘ YOUR HOME OR BUILDING A NEW HOME ON ! THE CONVENIENT FHA PLAN ¢ CONSULT THESE FIRMS No Obligation At All For INFORMATION ADVICE ESTIMATES CUT FLOWERS AND POTTED PLANTS FOR BEAUTIFYING YOUR ROOMS Trees, Shrubs and Plantis for Beautifying Your Yard JUNEAU FLORISTS Shattuck Building PHONE 31 LOTS OF LOTS ,.,.. NICE ONES——TOO! Casey-Shattuck Addition Gold Belt Addition Seatter Addition CASH or TERMS Co-operate with the FEDERAL HOUSING ADMINISTRATION and beat the rent game . . . . ALLEN SHATTUCK ——Since 1898—— P DEFORMED STEEL REINFORCING Cement Plaster METAL LATH, 3.4 Weight DRAINTILE CONCRETE SEWERPIPE and SPECIALS Chimney Blocks Concrete Footing Blocks Tile, Fireplace Dampers, Ashdumps, Hearth Tile G. E. KRAUSE Dealer in Heavy Building Materlals GENERAL CONTRACTOR RICE 8 AHLERS €0, PLUMBING HEATING OIL BURNERS SHEET METAL I On the other hand, if the income |less than the rent would be on a is uncertain, the possibility of hav- /house of similar accommodations. KRAFFT’S Estimates Furnished Satisfaction Guaranteed We carry PLYBOARD Moulding and Finishing Lumbér PLATE GLASS AUTO GLASS Also the New Ultra Violet Ray Window Glass FRANKLIN ST. at SECOND Telphone 62 dential into that nondescript period § when business has .infiltrated .but Celotex i‘fimeau*- fflhng Hafdwai'e Go.' ALITY LUMBER H. B. FO§S COMPANY el Pirst Mot Old First Naflon&l Bank Building This chart, hrma\ui by. tke Fedeul Housing Adulnmrumn 's Division Ql Eeou-b.lql. shows _ the poruuhg- o( distribution of .the .amoynt -of mortgages ed, for m Dmmber banks hold 39.2 per.cent of these; mortgages, uurdigu, the. of 1 l per mi h for new construction 383, per cent represents er.-. and trust .companies, ever, which hold,32.1 per cent of. the total. -l»«- K nar -v em-tmtun 83.6 per cent for refinanced mortgages 3 FOR $13.37 PER MONTH— August Sieber, of Louisville, Kentucky is paying for his cotrage, 1ppralsed at $2200. At the end of 19 years, Mr. Sieger will own his home outright. This qmall monthly sum, no greater than rent, not only covers interest and re| ment of prin- cipal, but also inc¢ludes taxes and fire insurance. PO # That’s how easy'it is to buy and pay for a home under the Federal Housmx Admlmstr&flo sured tmor%gage system. Today you can have the home you want—and make your dreams of gome come true A down payment of 207 —an insured mortgage of 80% of dpprdl\e(l value — mterest charges principal-and insurance pm(l monthly in-cenvenient mstallmen BUILD NOW! Columbia Lumber Co LUMBER AND BfiILDING MATERIAL CONSULT US FOR FINANCING OF HOMES UNDER 2, FEDERAL HOUSING ACT TITLE NO. Reduces your fuel bills, and beautifies your hefl‘le. We carry a complete stock for immediate delivery. ; e ALSO- S e ¢ Celotex Plank _ Calofex Tile TEMPERED HARDBOARD—HARDBOARD TILE PLASTERBOARD—FIR FLYWOOD DOORS—WINDOWS--GL.ASS—PAINT Ask for the CELOTEX BOOK ALASKA SPRUCE—HEMLOCK—CEDAR PROMPT SERVICE LUMBER FOR EVERY PURPOSE Build with WOOD for PERMANENCE __ s - Jiiniean Lumber Mills PHONE 358 Architec cts and Contractors Juneau, Alqska