Evening Star Newspaper, October 3, 1925, Page 20

20 REAL ESTATE. BABSON NOTES DANGER SIGNALS OW ON FINANCIAL HORIZON THE EVENING Which must be watched. It is an old saying that the dancers must pay for the flddlers. It is well enough to borrow money, but unless that money is properly used for permanent im- provements which are reducing op- erating expenses it will ultimately bring disaster to the borrowers. Interest Greater Than Loan. The great dead weight of interest charges is being most forcefully brought to the attention of the world today in conmection with the refund- ing of the foreign loans. It will be remembered that in the case of the Belgian debt, which was settled a few weeks ago, the accumulated in- terest amounted to more than the original loan. will be even more clearly emphasized when the refund. fng of the French and Italian debts is discussed. OCTOBER 3. 1925. REAL ESTATE. STAR, WASHINGTON, D. T, SATURDAY, chant and investor o ire BREAKING RECORDS pick up. The Babson chart, which reached the low point of 2 per cent below normal in May of this year, is 50,000 Families Expected Change Homes in Six Months Ending January 1. [fnr the working classes to own their own homes.” Reduced Taxes on Smaller Homes Proposed by Baltimore Offici | He said that the full va al [plcea on expensive houses and « {orate buildings would muke up 1 - money lost to the city. now 11 per cen above normal. Most of the business statistics show an im-! proved situation, and there is also a ! distinctly better sentiment prevailing ! throughout the country. Of course, early frosts have caused disappoint- ment in certain sections, and. usual, the farmer is seeing the dai side instead of the sunny side. Iy 1 believe that the crops for 1925 will show up distinctly better than 1924, An analysis among business men seems to show that the complaint is not in the volume of business, but in the profits. Hence busines: men should look for ways of inc River Too Deep for Bridge. Special Dispatch to The RICHMOND, Vi proposed Rappahannock Rtiver BALTIMORE, October 3.—A plan to lower taxes on small homes has been suggested by Judge Gontrum of the| Appeals Tax Court. i The plan would make levying of city taxes similar to the system employed by the Government in collecting in- come taxes. ntrum suggested the first $3,000 “My plan is only a suggestion,” Gontrum said in discussing it. “‘But I feel that something should | be done to relieve the small home own- er from taxes which will sooner or later in many cases force him to sell his property and live in a rented flat ! “We do not want Baltimore to be-|° : 7 come a city of tenements and tene i neer ment dwellers like New York and oth. | tom fo ) . er large cities. The only way to pre- | feet de vent it and keep living conditions in | may the proper way i to make it vossible ' or do First Decline in Postal Savings—Cost of Living Ris- ing—Too Much Interest Great Burden—Gen- eral Conditions Declared Sound. to October BALTIMORE, October 3.—At least not 50.000 familles, it is estimated by real estate men, will have moved during|worth of real estate be assessed at the six months ending January 1. |only two-thirds of its value and taxed “Reports of opening and closing of {accordingly. Each $1,000 worth over meters indicate the biggest number |the first $3,000 would be assessed at| of changes In residence in vears.” full value, G Grimes of the Consolidated Gas Many of the city's small homes are & Eectric Co., which controls the gus |valued at approximately $3,000 and || may BY ROG g to any marked extent. although 1y decline in the near future. fonal Association of Real} ards now states that rents than for some time local overbuilding in ctions has caused a downward Specia o partment et o e site up system I heen an posits. sald | some a | tend that spectal section. Out of 100 cities reporting to this assocla- | tion it is found on analysis that resi- ‘in 70 of them: 19 of the cities indicate a lower level, while 11 report residential rents _|on_the upgrade. There seems to be a shortage of residences in cities of populations under 25.000. while rents are tending to weakén in the larger cities. In other words. there is an increasing demand for small single-family resi- dences, while apartment construction scems to have caught up with the de- Interest ssue U on How Interest Mounts Up. When investor considers bonds and preferred stocks he naturally is interested in getting as high a rate of interest as possible. The higher the ' of vield of the stock or bond, the | sed investors are and the idly bankers can sell | sccurities. It is generally accepted as | od news to have bond and preferred oversubscribed and to sell rapidly. We all forget think that the higher the rate of erest the greater the burden on | society; and the more securities sold ater the interest charge which an totaling about s shows the fol $7.893.000.000 125, compared July 1 i< had on deposit the 1 these ing savings dey rued new deposits There has been no time during the 20 years when this total interest as been increased at such a during the past 10 is_is a real danger signal dving Higher e vasily savit ind by the fact =0 much to . There reason fc increased sav of living is ap- e oom bungalow with full fixture : concrete walks, large dry m addi mount of the cost ing upw $5.360 00 y. ‘including all interest w_five-room bungalow with all of the Cmentioned improvements. - Price, 00: $500 cash, $57.50 monthly. terest. five-room bungalow with bath Price. $5.050; $250 v Inudiag interest ! Dunkalow with bath Corner” lot. “can $250. Labor 404 t 1t elght_rooms. $450 cash, $62.30 monthly, ¢ bath, two-story co- attractive. Al 250: $850 cash: $50 number of other bungalows to be sold ur- | on most reasonable terms. Beet locations. Sama | Wit one Rk of Bato: BIVA Good s that the | ™ 1 show an 3 per cent over last | Rainis t the 15th a e out Balto. Blvd. to Cottage City. CHAS. M. LIGHTBOWN Owner and Builder Kite Perfect Homes: Northeast Washington’s Prettiest Homes And they are Kite-built, too—which means they are the most complete Homes as well. Delightfully located— 3028-3056 Monroe St. N.E. —wholly detached—and in a neighborhood where everybody takes a pride in the home. There is just enough of country about the sur- roundings of these Homes to make them most attractive. Six rooms and bath: sleeping. front and back porches; laundry and hot-water heating plant in light and airy basement. Perfect floors ; electric fixtures and decorations in excellent taste. Wide lawns and pretty back and side vards. Price and Terms That Will Interest You Motor or take trolley out Rhode Island Avenue N.E, getting off at Monroe St., and it’s just a step to these Homes. Our representative is there every day and evening—including Sunday Built—Owned and For Sale by Harry A. Kit Member 1514 K treet phone e Main 4846 ington Real Estate Board Kite Perfect Homes=————=—=——m—=0d HOMES . of Guaranteed Construction in Beautiful CLEVELAND PARK Nor is their guaranteed construc- tion all there is to be talked of. Good taste and exemplary refinement and diversity of appointment mark them as uniquely desirable from the point of view of every expectation. Four Built—One Already Sold > S@l ) SAMPLE HOUSE TODAY | 3626 Norton St. N.W. . cription—Semi-detached, on lot to con- crete alley, 8 rooms, newest fixtures in bath, with fixtures and finish commensurate with a4 home of this qualif Built-in garage, ice-making machine, newest kitchen range, huilt-in_ ironing board and steel cabinet in kitchen TO INSPECT Drive Qut Massachusetts Avenue to Wisconsin Avenue, North on Wisconsin Avenue to Norton Street Wenger Bros., Inc. Owners and Builders Or Your Own Broker 1627 K St. N.W. Main 3174 Real Values in Real Homes efficiency rather than mourning about conditions. Fundamental conditons as a whole were never better than today. I mention some of these dan- ger signals not with the purpose of discouraging any one, but simply as a warning that we may not de - thing to_hurt these fundamentally kood condidtions. We live in the finest country in existence, and we should employ every means to keep it so. (Copyright. 19251 In both of these figures will probal interest is today the original debt the cou of yei believably larg figures give the Rritain and Belzium and four smaller countries which are now negotiating for settlement Figures are in millions of dolly Princival $4.800 418 es the published show thut the reater fizure than nd will become. in Great Britain As a result of the recent political overtur: Jorge Prieto Laurens, for- mer| r of Mexico City and gov ernor of the state of San Luls Potosi, | is now employ@i as'a soda fountain | clerk in San Antonio. Total S5214 $ Lesson in Avoiding Debt shows | 1se of The reason that the intere less than the principal in the Belzlum i3 because Belgium was | charged no interest on itx pre-war | debt. As to the money paid on the | debts already funded, I find that | 276,000,000 of this must be charged | to interest and only $46.000.000 charged | to principal. Surely this should be a | : cturer, mer- ! Youveturnedfo Studebaker tradeforone to-day o } 55 Chevy Chase Parkway Beautiful new detached hleck | g park Tot. trees. Pric n for inspection. INVESTORS I Have Been Authorized to Sell and Recommend the Following as Sound, Safe and Paying Investments 1712-14-16 A St. SE. Three buildings containing four apartments of 3 rooms and bath ‘each Each building rents for $1,320.00 per year No operating expenses This property shows a handsome return Price, $10,000 Each Terms can be arranged J. DALLAS GRADY 904 14th St. N.W. Main 6181 Gallavded Parke New Homes Just 2 Blocks North 9th and Florida Ave. N.E. $7,150 Terms LESS THAN RENT 1110-1124 OWEN PLACE () roou clectricit in icebox, hardweod floor: le rear porches, laundry tubs, in coal bin, lawn sodded and landscaped heat, built Cpen Daily for Inspection Phone Office for Free Auto Service C-H.SMALL & (CO. Realtors—Builders 925 15th St. N.W. Deal With a Realtor Main 6861 Architecture—- Environment— Name— All Clonial— JEFFERSON PARK, VA. On the Upper Road to Alexandria, Va. Ward-built 22 Floor Plugs Center Hall Plan Open Fireplace Landscaped Downstairs Coat Closet Magnificent Oak Trees : " 1-Piece Sink Large Lot i Slate Roof Built-in Garage Servant’s Toilet 4 Bedrooms Breakfast Room Laundry Tubs Automatic Hot Water 2 Baths 2 Pantries Heater Living Room qu Floors Thruout Dining Room Miracle Doors Full Attic Metal Weather Strips WATER—SEWER—ELECTRICITY OPEN TODAY DoUCLASS % 1516 K Street Franklin 5678 and electric distribution In Baltimore. |are being assessed at full value. “There was a slight slump in Ju and I was worrled,” Grimes said. “So | = many of the builders T know cut down operations for fear there would not be people to buy or rent their houses | and_apartments, “But August brightened up. and now the builders are going full blast, | with every Indication there will bhe plenty of people to occupy the houses built. 5 Money seems plenttiful, no reason why the up trend should not continue at least for the a slight decline toward the center of next six months. Our total orders of | the city. all kinds are running 2,000 a month | Moving men say the costs of mov- or more above I e about what they have been ported by officials of a real estate and tal firm. “There i% more movement among the a signed up more apartment leases than for some time. There will still be plenty of apartments, however.” The 1d T see about the same. RS AR ) MR. FRANK ROSE AND MR. G. HERBERT CHAPPELEAR Announce their association with Raymond Realty Company, Inc. As members of the firm Brand-New Miller-Built Home in Cleveland Park 3611 1daho Avenue —and Idaho Avenue is just one square from Wisconsin Avenue at Porter Street. Of most pleasing design, wholly detached—and with terrace and lawn lavishly planted with shrubbery. Six rooms with handsome tiled bath, with built-in fixtures. The living room has a most attractive open fireplace, with artistic sconces and glass paneled French door open- ing onto a large covered porch. Coat closet in entrance hall. The dining room adjoins—kitchen beyond, equipped with one-piece porcelain sink; best of gas ranges, and dresser with plenty of shelf room. Outside pantry and broom closet. Three large sleeping rooms, closets in every room and linen closet in the upper hall. In the basement is the heat- ing plant and the double laundry tubs. Beautiful hardwood floors, electric floor plugs every- where, and the finish of the walls and woodwork is most effective. You don’t get all these things usually in a House at this price—in such a location. $15,250 and terms will be arranged Open for inspection all day Sunday and every afternoon and evening. W. C. and A. N. Miller 1119 17th ¢ i Main 1790 Deal with & Realtor Cleveland Park Homes 4 Built—2 Sold | 3412.14-16 Porter St. Attractive Homes of Unusual Design escription: Slate roof, large cement front porches, side entrance, spaclous living room with fireplace, breakfast porch, dining room, kitchen, pantry with builtn refrigerator, 4 bedrooms, 2 tile baths; attic_with stairway; oak floors; hot-water heat; built-in garage. The lot is 152 feet deep. These homes have one of the highest elevations of the city. Pl'ice, $14,500'Anractive Terms Open for Inspection All Day Sunday . Lawrence R. Smoot and Company 1516 H Street N.W. Main 4860 \———[o]c——]olc———]a]——] E | fl fl M= le——]al———]alc———la][c—] fl | | m | fl tment dwellers, and we have | ftents are remaining stationary, with || situation a8 to houses was said to be |/fi 108 Virgilia Street New England Colonial, one block west of Connecticut Avenue. on a wooded lot. with an abundance of well developed shrubbery. @ The environment is perfect. the surround ing homes being of distinctive and attractive types. This is an exceptional offering and should ‘interest any one looking for a home in this delightful section. It is priced at a figure which will make it an attractive purchase. Features The center entrance hall is spacious. heing tv fect wide: the rooms are large and chee is an extra room downstairs suitable desired. The second floor has dressing room and two baths reached by means of an easy stairway. Electrol automatic oil burner, * heater, screens, and other d make this house abqut as livable and cor is possible to find. Open for Inspection All Day Sunday C. BUSHMAN SMITH, Inc. 1703 Connecticut Avenue North 2522 PP > P ¥ XD B SO XY === = S=S==S=>4S=S2 OPEN ALL DAY . D = UNDAY =3 IR This and Other Bran-New Hmes t Wynnewood Park (The Old Noyes Estate) Await Your Inspection Additional features of : Age-old trees Fine shrubbery Open fireplaces Built-in garages Large porches Access to schools and churches Hot-water heat Breakfast nooks Adjacent to country clubs Restricted villa sites Reasonably priced with terms E3SPEIES IS SSASS= S22 F ROCK CREEK PARK inspiration homes via 16th Street, Silver Spring and Sligo, as shown on map. Invest Only in Greater Washington Real Estate THOS. E. JARRELL Realtor Washington Savings Bank Building Main 766 Deal With a Realtor