Evening Star Newspaper, September 19, 1931, Page 18

REAL ESTATE. POPLLATON SHIT CHANGES NARKET Deoreased Growth Rate Seen as Cause of Demand for Improvements. A new building market, created Q.hrauthchn inroads o(~omlmnc= rather than expansion, ma; one of the results of decreuez ro lation growth rate, in the opinion of L. Seth Schnitman, . chief ltAtIstmnn.dr"!.l ’;‘v e Corporation, as expresse e Rreitestanad Foooid, Polnting to the diversified housing needs of smaller cities, as compared with cities of 100,000 and over, Mr. Schnitman shows that one and two family houses in smaller cities are even now being erected in Ewer volume than in 1921, whereas cities of over 100,000 the apartment house becomes increasingly important. In 1921 one and two family houses erected in the areas outside the cities of 100,000 or more inh: sented 42.5 per cent of all such struction in the country large. Since 1921, practically without interruption, this ‘type increased in importance year by year. By 1930 the small dwelling type in the smaller cities and suburban reas represented 68.3 per cent of all ich construction in the country. These small centers in 1930 had a combined population of 32,620,087, or 46 per cent of the urban population of the entire country. Apariments Less Important. “Even in depression one and two fam- fly houses are far more important in the smaler cities and subu than they were a decade ago,” Mr. Schnitman says. “At the same time, the apartment type is of fess importance TS ago, all h this class of housing, in the intermediate years, made measurable inroads on the one and two family houses, even in the smaller cities and suburban areas. “In the past the erection of new units, whether mulii-family or single family houses, has been deter- mined by population growth. Signifi- cant changes loom in dwelling types of the future if the shifts in population characte: are carefully weighed, #nd more especially if the in- dustry is to maintain its present plant and personnel. “On population growth alone, the for utilizing existing facilities over the next few years are not par- !,‘lxuhrly bright,” the writer continues. [ Trading of Realty Without Cash,Still Big U. S. Activity Oldest Business Method of Barter and Swap Prevails Today. The world's oldest business method, trading by exchanging, value for value, still is very much a part of the real estate business, the National Associa- tion of Real Estate Boards points out in a current release. Although it is no,longer possible to buy Isnd with a sfring ot beads, as was done when this continent was fi settled, Jand can be bought with land, ery stores with country estates, and suburban cottages with commercial sites. | g R estate properties can be traded in times and bad, the Association declares, and this phase of realty ac- tivity caused Exchange Departments to maintain real estate offices in many cities Iast year. ‘Widows left with homesteads too cost- to keep under their widowhood, if unable to sell immediately, trade their homes for dependable rental income properties. Builders take over houses and give vacant property in retu people move from one section to ai other on a realty trade; and houses, lots, and commercial structures are handed back and forth constantly in profitable exchanges. ‘The State of Ohio once obtained the Governor’s Mansion by trading vacant lots for it, the association states. Some- times trades are “three-way" ones. A rear admiral had two lots in New York Oity, There were no buyers for the lots, which were expensive to carry. A ‘man had & modern house which he wished to sell but there was no mar- ket at the time for the house. A coal operator had a block of 12 houses; he wanted the modern house owned by the second man but did not want to pay cash for it. i The rear admiral became the owner lof the investment block, cut off the taxes and loss of interest he was sus- taining on his vacant lots, and received & steady income until his death. The coal operator became the owner of the house, and the owner of the house took the vacant lots, on which he built an- | p other resids 14, Walls, builder; to. make repairs, | Benning road northeasf e Construction Shows Gain. Despite a total August contract loss of 33 per cent over August. 1930, F. W. Corporation re that 4 of 13 districts.in the 37 States east of | the Rockies showed construction con- tracts larger than in that month a year ago.. Upstate New York, the Cen- tral Northweet district, the New Or- Jeans territory and the State of Texas THE EVENING HOMES DOMINATE BUILDING PERMITS $865,000 Cost in Projects of Week, Including $500,000 Apartment. (Continued From First Page.) 2-story brick addition, 3133 O street; to_cost $6,500. Edward Lingle, owner; Sears, Roe- buck & Co., designers and builders; to erect one 1lp-story brick and frame dwelling, 5420 Carolina place; to cost 7,000, Fred Blankenship, owner, designer and builder; to erect one 2-story brick and frame dwelling, 3612 Alabama ave- nue southeast; to cost $6,500. John C. Paige, owner, desigrier and builder; to erect one 1-story frame dwelling, 5523 Grant street northeast; to cost $5,000. 3 Charles W. and Alma E. Peters, own- ers; Charles E. Dillon, designer; Robey Bros, builders; to erect one 2-story frame dwelling, 4403 Albemarle street; to_cost $4,500. District Construction Co., owners and bullders; to erect five metal private garages, 5311 to 5319 Third street; to cost $1,000. B. F. Edwards, owner; George T. Santmyers, architect; Martin McIner- ney, builder; to erect one 1-story brick store, 1509 Rhode Island avenue north- east; to cost $2,500. ‘Terminal Refrigerating & Warehous- lnfl Corporation, owners; Schneider- Spliedt Co., builders; to make repairs, Four-and-a-half and D streets south- west; to cost $1,000. Mrs. Bessie L. Brennan, owner; G. N. Bell, designer; Meitzler & McKay, build- ers; to erect one 2-story brick addition, 3532 Thirteenth street; to cost $1,400. Raymond Pagliochini, owner; Paul 8. Lubienski, Inc., builders; to erect brick garage, 3327 Alabama avenue southeast; to_cost $1,200. Washington Hotel Corporation, own- ers; R. P. Whitty Co., Inc., builders; to on roof, Fifteenth and Norris , 1737 t; to cost $1,000. REALTY BOOKLETS OUT Two More Pamphlets, on Policy and Design, to Be Mailed. Two more subjects will be outlined in STAR, WASHINGTON, D URGES PROFIT-SHARING [ Bishop Edgar Blake Holds Jobless Care Up to Industry. LOUISVILLE, Ky., September 19 (#). —Bishop Edgar Blake, Indianapolis, advocated profit-sharing in industry in an address to the Kentucky Conference of the Methodist Episcopal Church yes- terday. They bishop was imtroduced by Gov. Flem D. S8ampson as “not only & great theologian, but & clear thinker and & sound as well” Bishop Blake said it was not the task of society to care for the jobless. ‘“The big employers who benefit from their labors 'h"llbl'i?:y" lh ‘work lho\l‘l;m the of care e N L 4 BURNED IN BOAT FIRE Gasoline Blast and Blaze Destroys Speed Vessel. WESTERLLY, R. I, September 19 () —Four youths suffered slight burns gnu yesterday when fire destroyed the | ina 16-foot t Gigolo. owned by BM!MWW of St. Louls, Mo, at the Watch Hill Yacht Club dock. ‘The injured, all of whom were in the boat, inciuded Jack Shinkle, 14, son of the owner. The fire followed & gasoline explosion caused, apparently, by & spark from the starting motor. The boat was valued at CALIFORNIA " like in this bungalow. and others in the group, S corpatate. them h to ‘be bullt 1o your order. "Drive s cozy home or G. W. CHASE drive out Georgia Ave Bample _ h Lt ONEFAMILY HOME . STILL LEADS FIELD Study of Trends in Building Leads to Report Future Will See Increase. (Continuéd Prom Wirst Page) rents; and there are many other like disadvantages to be overcome. “The attention of the United States Department of Commerce to improving bullding codes in cities has already made it easler for a family to live under its private roof, as proved by a lower percentage of apartment dwellers in citles which have adopted the prelim- iry recommendations of the depart- ment. Cities using these regulations provided for only 35 per cent of their newly housed families in apartments in 1928, ‘This compares with 53.78 per cent, the average percentage in ?;5 cities of families provided for by new apartment buildings in the same year. Supervision of construction now being generally practiced in one form or an- other by buflding and loan associa- BUNGALOWS and quse; Piney ranch Road N. TAKOMA PARK SATURDAY, SEPTEMBER 19, 1931 tions will have something effect in eliminating wnu“-n": clency. Child’s Needs Put First, “Consideration of the child's needs is first in every normal family, Privacy, sunlight, fresh air and play space are conceded to be the normal, healthy same inef- environment for the young. Far from being able to supply these, the apart- ment _bullders’ tendency is toward smaller and more efficient units, while the -lnne-mn:y in the nature of t| lesign special ‘nmom mlt;g to m‘w:‘m.“. of the eni:.di accordance rcl studies, ‘There is little m::' }:ym-e children’s luxuries in the modern effi- clency apartment. It is éasy to see how such improvements could be included ‘l:xo the normal cost of & one-family use. “The one-family house always carries with it & desire for actual ownershi, of the home. Sentiment -4 in most cases for financing facilities loan associa are almost univer- sally available, None of the cost of old- time mortgage renewals is incurred in financing home ownership under the bullding and loan amortization plan.” In & month the number of idle steam- ers in Japan's ports has dropped from Quintana Place 7th & Rittenhouse St. The complete all-brick semi - detached homes. Only 88,250 OUTSTANDING - | VALUE No. 2358 Mass. Ave. NW. Bheridan Circle section. Suitable for Legation, Fra- ternity or home. English basement type., Steel, brick and stone construction. /14 rooms (5 master bed rooms), 4 baths, lavatory and tollet on first floor. Built for en- tertaining. Government park in rear. Reconditioned and redecorated throughout. REAL ESTATE. GEORGIA LEGISLATURE FAVORS TAX REFORM Bill May Result in Spreading | notes, Realty Ievies More Fairly, Frem bowlers to top hats est move of fashion in Paris. hats are of velvet, those in wl irposes, thus spreading fairly, acccrding to the Na- {ation of Real Estate Boards. ‘The bill provides that a constitutional amendment making such classification possible be submitted to voters. ‘When realty is nct classified as to im- | wearer provement and use, then vacant land Days taxes on the same basis as income- 4 117 Glenbrook Road In Beautiful Baltez Park A DECIDEDLY CHARMING HOME. ' ON BIG SCAPED LOT IN MIDST OF FAR MORE EXPENSIVE HOMES. © $9,950 Big living room full width of house, with lovely, spacious front porch. Fireplace flanked by book- shelyes, dining room and breakfast room off kitchen, 2 bed rooms and bath. Big floored attic with cross ventilation. FRIGIDAIRE. GARAGE to match. Lovely gardens, rose trellises, shrubbery and trees. This 1s a splendid buy. Open Sunda); 10 Until 6 iz of the customary flower or brooch, Ex Bis BUNGALOW BEAUTIFULLY LAND- phlets sent out this week to > of the National Association of Real Estate Bcards who are receiving special business-aiding bulletins as & new serv- ice this year. A paper entitled “Real Estate Broker- age Policles That Are Money ‘This Year,” prepared by seven men from various parts of the country, will be re- céived by members of the brokers' di- vision )?ol:d -}1 illustrated study entitled YeThe. for Subdivision Design” is for the homebuilders’ and lers’ division. 415,000 less than the original price. Open on Saturday and Sunday from 2 until 9 pm., all showed advances over August, 1930. —— Payne Will Speak. Staff Capt. Gilbert Payne of the Volunteers of America will speak on “Hope” the weekly religious service their relief mission, 471 Pennsyl- vania avenue, tomorrow at 3 o'clock. Capt. is . Frank H. Wise, ler of the Volunteers, - Beautiful New Corner Home 4th & Farragut Sts. N.W. All Brick—40-Foot Front Center-Hall Plan only $10,950 it CAFRITZ % BUILT BY DUNIGAN . . . BUILT RIGHT, Drive Out Wisconsin_Ave, to towe Roas FUnTLET Into Glendrock Moad 1o Second Biock. i pene. hpe i e o BOSS & PHELPS tive and methodic cultivation. J. S. GRUVER, Owner | ~Quantity production And mam mer. i ER, 1417 K St. Realtors National 9300 to insure 'gsofiubh mm Ig u; - mesh obsolescence 4 the imp! New F our--Room, Center-Hall Brick Gurve of ! o i o child ratio and the sharp decline in our $14,95 growth rate. - - are suited to the needs of : which has been educated to her living standards. “Our tion has been educated to and to combat actively & declining birth D. C. BOARD INCREASES Membership of Realtors Shows Rise Despite Withdrawals. " 2808 34th Street N.W. VACANT Massachusetts Avenue Heights A distinctive New colonial brick residence, appealing in its simplicity and charm of refinement t. mmulthlutmfio!mmfnmmum Observatory, its close proximity to the National Cathedral and new embassies—a definite character m:n“e&mm:‘ ht-;‘ been blished—a real suburben atmosphere and yet within 15 minutes’ 3387 Stephenson Place N.W. Today;n Outstanding Value! vy it section, bea ook nteiod? o, St TSRt ¥ of any other time we will be pleased to show you this most attractive [ . Drive Rittenhouse Street Broad Branch th t 1o | egnenson Fiace ahd Turn ight. Ypitmeen Ghevy Sas S e indRot Besl Park, where vaiues are increasing. PHILLIPS & CANBY, Inc. Exclustrely 1 Nnonnl 4600 “‘“Ei i 5619 Colorado Ave. (Between Lonstellow & Madison Sts.) - $12,950 A home that and your flfld—:'fllmm’l“ Large lot covered with shade and fruit trees. Qn rear of lot is the children's playhouse, beautifully equipped. Detached home in perfect con- Mbrary with fireplaces, sun room, firsi-floor lavatory, '-,:‘l '.1&":.1‘". baths (lfll"ltm). enclosed sleeping poreh, tiful lot 60x12234. Entire property in -w-h:-. e-:‘l:h-. e % Out-of-town owner has authorized an unusually 10> price, and it represents an unprecedented value Open Saturday Afternoon and Sunday 10 AM. Until Dark 1704 Schwab & Valk Conn. Ave. Esclusive Avent Investment Bldg. The Buyer’s Opportunity—Now 11 Rooms—4 Baths—1st Floor Lavatory Decatur 2333 Half block from Furni 14th St. car line, urnished FARADAY PLACE THE, CAPE COD HOME One of Several ~ Charming Designs of Early American Character close to churches, Open All Day Sunday L. P. LILES Realty Asseciates 1427 Eye St. - Na. 8744 G st schools and stores - segem of Dunigan-Built Homes e . . ‘Your careful inspection of con- struction and conveniences—then consideration of present and fu- ture values in this highly restrict- ed community of all new homes. Sample Open to 9 P.M. 1715 “D” St. N.E. *8,150 Convenient Terms! Colonial Design All Brick Bix large rooms, many closets, hardwood floors throughout, pan- eled papering, hardwood trim, numerous electric outlets, latest electric fixtures, large screened breakfast and sleeping porches, beautiful tile bath with shower and many built-in features. See the Kitchen uipped with Westinghouse refs tion, enameled gas range with heat contrcl, floor covered with heavy inlaid linoleum, walls and ceiling with Sanitas, bullt-in breakfast sot that folds away when not in use. WAPLE & JAMES, INC. 1226 14th St. North 0062 3* Big Features—Inspect Today Dinette A convenlence and refinement of much higher ced homes now featured by Duni- D in & popular priced e. Just off the kitehen—ideal for breakfast and lunch, * . . 1 onclusive Evidence of the desirability of FARADAY PLACE DETACHED HOMES is shown by the re- fined class of people who are- BUYING there. One of BOSS & PHELPS fine developments in historical Fort Bayard Park, a restricted community in St. Ann’s Parish. Amazingly large rooms, intelligently planned; 1 and 2 BATHS (with shower), some with breakfast rooms, all vgitll electric refrigeration and built- in garages; designed by John W. Kearney, architect; and best of all, GUARANTEED materiat and workmanship, without time limit or qualification. PRICES RANGE $9,850 to $13,750. OPEN SUNDAY AND DAILY, 10 AAM. TO 9 P.M, Drive out Wisconsin Ave. to Fessenden St., West to 45th St. and North to Faraday Pl. BOSS & PHELPS OWNERD ) - $8950 . + . TERMS Street and Alley Paved Never _have we offered so much in value for so little in price, Six large rooms, de- tached garage, cedar-lined closets, oak floors, hardwood trim, colonial brass fixtures, large, airy cellar, fully screened. Double laundry tray and servant's toilet, screened breakfast and and sleeping porch and coat closet with full-length mirror, ‘Wrought-iron rails on stairs, , new type radiators (narrower to save space). D. J. DUNIGAN, Inc: Tower Building National 1265 ‘_\—__’___ 4419 Argyle Terrace N.W. To Be Sold Quickly for $29,500 THIS LOW FIGURE REPRESENTS FAR LESS THAN BUILDING COST TO REPRODUCE THIS LOVELY HOME, yet it is BRAND NEW and one of the most beautiful in all this exclusive residential section. Is situated on a LARGE CORNER LOT, overlooking Rock Creek Park, beautified by a granite retaining wall on all sides and is truly & masterpiece in both design and construction, Upon entering you find a spacious CENTER HALL with numerous closets. On the right a huge living room with fireplace, on the left a gen- erous size dining room, a music room, then the (ule tiled kitchen with big pantries, electric dishwasher and complete equipment. A tiled lavatory and concrete living porch complete the first floor. There are five bed rooms (three of master size), two complete baths with showers and plenty large closets on the second floor, and the third consists of two finished rooms, bath, cedar storage room and trunk closets. In the cellar there are storage rooms, furnace room, another bath and & generous size ball room. ) ‘The house is of red brick, trimmed in limestone, has a tile roof and & two-car brick garage to match. THIS HOME WILL BE OPEN FOR INSPECTION TODAY AND UNTIL SOLD Clip This Ad and Drive Out at Your Convenience RM HOOKER ¥:» Two Baths Colored tile bath ToOms on the second floor; one adjcining the master bed room. One with bath and shower, Newest artistic fixtures, 2* Big Kitchen Equipped with Frigid. aire, latest type gas range, 6 ft. one - piece porcelain sink, built-in cabinets, inlaid linoleum :“n'\! Sanitas wall cover- 3* Tower Bldg.