Evening Star Newspaper, May 7, 1921, Page 11

Real Estate Investments Part Two. REAL ESTATE BOARDS PROTEST FEDERAL CONTROL OF HOUSING " Local Dealers Report Attitude of National Association as Vigorously Opposed to “Government Subsidy™ System. ‘ Government control of housing or rents at this time is vigorously op- posed by the National Association of Real Estate Boards, according to Fred E. Taylor, president of the associa- tion, who was in Washington this week on his return trip from the spring meeting at New Haven, Conn., of the exceutive committee of the national body. H. L. Rust, president of the local real estate board, to- gether with the other Washington delegates to the meeting, arrived here | ahead of Mr. Taylor. Mr. Taylor In an interview with The Star’s representative minced no words in stating the attitude of the national body as determined at the executive committee meeting. “The national association is op- posed to federal subsidy of housing in any form.” he said. “The plan is fundamentally foreign to the prin- ciples underlying American business and in the end. will threaten the sta- bility of the country’s economic wel- fare.” Legislation “Frowned Upon.” Attempt's to effect legislation con- cerning the amelioration of the hous- ing situation were formally (ro\\'ncd| upon at the committee meeting in New Haven. The committee is com- posed of presidents, past presidents and officers of the various realtor organizations throughout the coun- try, comprising some of the foremost realty representatives. It was de- cided by these men that the question was “outside the field of new laws' and subject to economic processes. #%o recommendation of the execu- tive committee in this respect will be presented to the national body of realtors at the annual convention in Chicago, in_ July, Mr. Taylor s: There is little likelihood that the ac- tion already taken will be overruled at that time, it was indicated. Willlam E. Shannon's Views. Willlam E. Shannon, president of Middaugh & Shannon of this city, who returned with the local delegation from New Haven, was pleased with the action taken in this connection. Government control of housing. a condition which Senator Calder last week de impends unless pri- vate builders succeed in relieving the housing situation, would tend to perize the masses by retarding new enterprises and holding out false hope of ultimate ownership, in the judg- ment of Mr. Shannon, based on his ex- periences during the war as manager of the real estate and commandeering division of the bureau of industrial housing and transportation, United States Housing Corporation. From personal observations Europe Mr. Shannon believes that government control of housing is not a success, killing much of the in- centive for progress along business and civic lines. Says Idea Should Be Rejected. ““The idea lho\'l;d bewliekcled in this Decause the whole subject prop- erly under the local initiative and enterprise as regards time to build, what to build, where to build and terms suf able to the people of that section,” Mr. Shannon pointed out. “A home and its comstruction and purchase is inherently a local proposi- tion, and can best be handled from be- ginning to end by the local people. Ours is ome of the est countries in the . stretching 3,000 miles east and | ‘west and 1,500 miles north and south, ‘with all the differences in climates and tastes these figures imply, thus giving us here a far more difficult problem to handle than would be the case in Eng- land. It is this fact that has brought forth our various types of houses, perhaps not up to the European standard of So- called architectural perfection, but far m comfortable and healthier to ive in. ermore, 1 speak from experi- ence when I say that the constant que: tion on a government-controlled home i, “Who is to occupy it?” And the answer is always the same, “The man or woman with the strongest political in- t may be necessary to have some o under government control, but it hehooves us of this country to see, be- fore we have more government owner- ship and more government control, that we have officials who know something more than book knowledge concerning that which they are to control. ~German System Objectionable. “The German system would not be toilet and bath; etc. d-| that whether they are a row, complis permitted by the independent think- ing, self-respecting. American work- men to exist in this country. For this country such a system is wrong, the layout™ is wrong. the design is wrong, and its long payment plan, which in some cases is as much as fifty years. is for no other purpose than to keep the citizens from owning property in fee, for as 1 was frankly told. as long as the government own- ed the mortgage on a man's home that man would do as bidden.' In the question of housing. we have nothing to learn from Germany except that which would be bad for our citizen- ship. “In England. 1 found rather a dif- fercnt state of affairs, the manufac- turer taking the place of the govern- ment, but with about the same results. ‘The master’ with great show ap- pears as if he is desirous of having ‘his workmen’' own their homes, gen- erally in the hollow, while he lives on the hiss, but the very small monthly paym spread over years of time keeps the mans from securing his home in fee, because death, accident or a convenient strike throws him out. “Our people must realize, unless they desire to degenerate to the Eu- ropean level of dependence, that no man has a right to live in a home that will take more than fifteen years to pay for, and no healthy man is entitled to a home unless he can earn enough to pay a reasonable value for it. My main reason for looking into European housing conditions on the grounds was that I had heard so much about building homes in this country ‘by the mile and selling them by the foot' that I really believed at that time that we were all wrong in our home production. U. S. Homes Superior. “I now make the positive statement semi- detached or detached homes, this country produces the best-built, best ventilated, brightest and most com- fortable workmen's homes of any of the foreign countries which I have seen, and that this country sells these homes, with rare exceptions, on the safest terms for the occupant's good of any country in the world. “The reason that America produces the best small homes is because America is the only nation that has made it a business to do so. It is in this country that you will find the home of the modern building associa- tion, the modern savings bank, the modern trust company, the modern insurance company and the realtor— all of whom assist that benefactor, but misnamed man, the speculative builder, to give to all the people homes, American homes, homes on top of hills, homes with real win- dows, wide doors, ventilated cellars, roofs with air space and modern sanitation; and because of unrestrict- competition, at prices that this government did not and cannot ac- call Main 6935 for appointment. BUNGALOWS. Monibly, Monthly. 1,500 304 Union Trust Building Tenth Cut i Exclusive Agents E. Schneider was the former owner. Since 1899 “No Place Like Home; No Homes in town with ground all around for less than houses in a row. Exhibit, 4211 12th. Take F street or North Capitol street car marked “Brookland” to end of route, or Cash. T 13w Yor Balo by Realters or Owner aad Bullder. MIDDAUGH & SHANNON, INC. Floor, Woodward Building, 15th and H Sts. this advertisement sut for reference. Write for illustrated booklet. 3135 Highland Avenue, at Ashley Terrace Corner lot on most desirable street in this wonderful suburb, and a bar- gain for a quick buyer. Library, parlor, center entrance hall, ingle nook, dining room, pantries, kitchen, bedroom and bath on first floor; five master bedrooms and bath on second floor; two servants’ rooms on third floor; cellar completely equipped with storage room, modern laundry, servants" This home was built by day labor under the supervision of a competent architect, and cost over $25,000 to build before the war. It is completely equipped with metal screens and awnings, and is the best buy on the Washington market today. POSSESSION MAY BE HAD AT ONCE. Price, $19,500—Terms Can Be Arranged Open Sunday From 10 A. M. Until 6 P. M., or by Appointment W. C. & A. N. MILLER Telephone Main 3868 BUSINESS SECTION The Foening Slaf. Classified Finance Ads. WASHINGTON, D. (., SATURDAY, MAY 7. THREE OF FIVE APARTMENT BUILDINGS ties. cquired by Felix Lake for approximately $250,000. Mrs. Rachael Jenne Rawlings handled the sale. Home Like Ours” Be Sure to See Our SUNSHINE HOMES MICHIGAN PARK 12th and Michigan Ave. Monthly. 000 64 2, This Conn. Ave. Town House —is built for permanent comfort and worth from foundation to roof. It contains 11 rooms, 4 baths and 2 spacious inclosed sleeping porches; built-in garage; has pipes for vacuum cleaning system; all closets of cedar; hardwood floors and trim; electricity and hot-water heat; all other equip- ment details completely modern; most reasonably priced. R H The Turin apartment houne, thix week, through Shannon & Luchs, by Felix Lake from Mary Chapman. The building contains sixteen npartments. office of Shannon & Luchs. ported cons is a modern thirty apartmen Felix Lake, local Other. Left—Apartment house, at 1315 Belmont street morthwest, purch: this week by Loui and Cassie Carliner from Gerson Nordlinge: The consideration ix xald to have been $150,000. TWO APARTMENT HOUSES |2t AMONG SALES OF WEEK Belmont Street Property Purchased, | pyies. Price, $150,000—The Turin Also Changes Hands. Two apartment buildings were sold [ this week through the office of Shan- non & Luchs, in addition to a number of other smaller residential proper- They were the apartment at 1315 Belmont street and the Turin, 1924 17th street northwest. The Belmont street apartment was purchased by Lou liner from Gerson Nordinger for a re- deratiori of $150,000. It structure and Cassie Car: containing 1 investor, added an- other property to his list’ of invest-| = | ments with the purchase of the Turin 2 from Mary Chapman. , corner of 16th and U streets morthwest, | ern building of sixteen apartments. transactions through this office follow: This is 2 mod- negotiated Cleveland Park An enviable corner location, commanding a splendid view of the city. Lot of nearly 9,000 feet, with garage accessible from the street. House contains 4 bedrooms and 2 baths, there being a bedroom and bath on the first floor, in addition to living and dining rooms, kitchen and pantry. Immediate possession. For Further Details and Inspection, Phone Main 2345 SHANNON & LUCHS 713 14th Street N.W. SOLD THIS 1924 17th street northwest, 1921 12 l’agu— BALFOUR APARTMENTS BOUGHT FOR $250,000 Felix Lake Purchases Building From Mrs. Rachael Schneider * as an Investment. The Balfour apartment house, at the northwest corner of 16th and U streets northwest, has been purchased | by Felix Lake, local investor. from Mrs. Rachael der for proximately § teday. The was negotiated of prominent residents make home there. The building contains thirty ap ments, of from two to X rooms bath each. The rental income is about . it is said. The apartment covers an arca of nearly 10,000 square fee i Mr. Lake, it is understood. will hold | the building for in t purposes He recently purchas Chastleton apartment house, at streets, paying a record pric SECURTYSAVIGS GETSBULDING 707 the, Acquisition of the building at 9th street northwest, adjoining home of the Security Savings and Commercial Bank, corner of 9th and} G streets, with a view to enlarging| the savings department, has been | authorized by the board of directors of the institution, it became known today. i A. B. Fitz Simons, architect, has drawn plans for remodeling the ad jacent property for banking purposes The wall separating the main ban building from the neighboring struc- | ture will be removed, providing se eral hundred square feet additiona purchased through the Brady purchased from Michaels premises 121 6th which she will oc- Kathryn street northeast, y for a home. through the office of Jesse W. Raw- lings The Balfour is a six-story detached structure, of light brick and Indianal, limestone construction. A number their | ¢ jof th NEET T0 TAKE P HOUSING PRORLEW Architectural Experts Also to Consider Economic Condi- tions in Building Trades. Consideration of the housing problem and of economic conditions in the build= will occupy the attention of architectural experts from all parts of the country at the fifty-fourth annual ention, May 11, 12 and in institute of Archite auditorium of the ) stitute, which is_composed 9f s from all parts of the country, is organized for the th. ndard of archi at ding the professional ap subjects of timely cussed. Speakers and Themes. Corbett will pr " Bui Harve LrTow ed by lantern slides. mentals of Town Planning.’” 10 be givifl by John Irwin Bright. will be followed on of the subject une Milton B. Medary ideration will be s of the building 4 in the report mmittee. Econoniie £ trades will be report of the structurad - and a paper entithed of the Industry® pres s H. Hammond There will be a formal viewir cond national exhibition of the ins tive woek of th mbers of t ap- ters of the institute. -ntatives of congressional and official Washing= ton will be invited Very thorough c given to various ph industry | “Tienry M. Carpenter of New York | city purchased the property at 1023 8th street northwest from Mary C. floor space on the 9th street side. The present Sth street entrance of the hibition at this time building will be elim- Mr." Carpenter will remodel| neyr, acauired building will | this building and occupy it as a home. | 1saac Y. Chiswell acquired from |James L. Fieser the house at 1436 Place street northwest. Preston S. Millard, a coal operator of Bakerton, W. Va., purchased prém- ises 1320 Farragut street northwest from James H. Wilson. Mr. Millard will occupy this house during the fall and winter seasons. Charles W. White became the new owner of a six-room house located at 1114 Spring road northwest from Paul A. Putski. Toseph 1. Langer has sold his home at 319 A street northeast to Siegfried Michaels. Harry S. Jones, a local investo quired from Leitye May Pauly t six-room brick house at 514 Lamont street northwest. After extensive im- tended and enlarged to include the added space, with suitable banking cages and customers’ writing tables installed. The new room will be re modeled to conform with the arch tecture of the main building interior. Work on the project is expected to begin shortly The proposed addition to the bank's quarters is the third since its organization in April, 1913. At that time the institution opencd business in_the middle of the same block on 9th street, utilizing limited space. ‘With the completion in 1914 of quar- ters at the corner of 9th and G streets the bank removed from its original location, Later these quarters were enlarged to the present offices. Officers of the bank are: Julius T The savings department will be ex- | mit assembling and hanging the tion has been in the hands of e, Albert L. Harris, chairmam assisted by Edward W. Donn, i3 Frank Upman, Waddy B. Wood and F. V. Murphy. - Informal Dinmer at Close. The convention will close with 28 informal dinner at the Chevy Chase Country Club, to which delegates, members, guests and ladies are lns vited. The committee of _the itself consists of L. P. Whe man; John M. Donn, L. M. Leiscnrine. Delos M. Smith and Albert Speidem oth committees nam composey Officers or the institu dent, Henry H. Kendall, Be first vice president, Char rot, New Orleans, La.; provements Mr. Jones will occupy this house. Adam Brandt has sold his house at 307 M street northwest to Abner S. Clark, who will hold for investment. Peyser, president;*Fred McKee, vice president; F. G. Addison. jr. vice president . Baulsir, cashier; Latrobe Owens, assistant cashier, and J. Louis Shipley, assistant cashier. 72777 A Cleveland Park Bungalow Description: Large living room with extra large fireplace; dining room, breakfast room and kitchen on first floor; 3 large bedrooms and bath on second floor; hot-water heat and electricity; screens and awnings; large lot to paved alley; in the best condition. Suitable for commercial purposes. Three-story building alley. Lot alone is worth more A most desirable lo- cation just half a block from Connecticut Ave- nue. Contains 12 apartments of Rents nearly $7,000 per annum. This home i located. 734 15th by people of refinement; table gardens; fruit of all stock; splendidly fenced very best; station 4 miles stock and equipment. located in a distinctive people live; stone dwell: dens; surrounded by st orchard; approximately 3 houses. Price, $45,000.00. On my list_are practically best sections of Virginia. Ful folders upon application. . 70070077 DOWNTOWN BUSINESS PROPERTY $13,750 An Excellent Investment Apartment House 14th Street Heights in excellent condi Price, $47,500 Terms can be arranged Ellerson & Wemple = Phone Main 603 %nmnmmmnummmmmumnmnmm T VIRGINIA COUNTRY HOMES “THE KNOLL"—A very beautiful place in a wonderful region where there are many elegant country homes occupied residence, commodious, with modern equipment; heavily shaded lawn; box hedges and trees; flower and vege- 400 acres, 75 acres of which is virgin timber, remainder in high state of cultivation now carrying 100 head of $65,000.00 will buy property, including furniture, farm “INTERMONT"—A really charming country home, ideally tecture, every modern convenience; abundant shade on extended lawn; picturesque flower and vegetable gar- acres of which is in blue grass sod; garage, barn, tenant H. W. Hilleary 1000 Vermont Avenue, Washington, D. C. Mein 4702 president, William B Francisco. Calif.; s Stanley Parker, Boston, ur D. ¥ treas- Everett Waid, New York, or light manufacturin [F] on large lot to 30-foot than the price asked. 4 and 5 rooms and bath each. on and most conveniently St. N.W. T handsome colonial type brick kinds; gracious views; nearly and watered; outbuildings the macadamized road. Probably region where many cultured ing, pleasing style of archi- one wall; revenue-producing 00 acres fertile land, fully 100 all the best properties in the 1 information and illustrated