Evening Star Newspaper, December 12, 1931, Page 18

REAL ESTATE Kansas Avenue $8,950 (Excepting Corner) Convenient to Fort Slocum Park Containing Seventeen Wooded Area. Acres of Homes Consist of Beven large rooms with Showers: Elects Automatic Storage Heaters, Bu Garseer - e Baths Ret Convenient to Fourteenth St. Car Line Floyd E. Davis Co. Realtors 733 12th Street THE BETTER HOMES Are Near the 14th Street Car Line Extended 5512 4th St. N.W. Featuring: Spacious Dinette Lavatory — Model Tiled Kitchen Frigidaire, Cedar Closets, 6 Dra Porcel Detached Garage $8,950 Convenient Terms Copper Corner 5500 4th St. N.W, Is Just the Location for a Doctor L. T. Gravatte 729-15th St. Realtor Natl. BRAND-NEW ALL-BRICK DETACHED HOME IN PRETTY Shepherd Park THE EVENING STAR, WASHINGTON, D.. C, SATURDAY, DECEMBER 12, 1931 HOUSING PROGRAM MEANS QUTLINED Wise Stimulus to Private In- vestment Held Way to Huge Annual Construction. If wise stimulus is given to private uildipg investment, with proper safe- | guards, provided the necessary legisla- tion is enacted, a $5,000,000,000 annual housing program can be developed, ac- rding to Dwight L. Hoopingarner, ex- ecutive of the American Constructior Council eaking before the President's con- 1 nce on housing here last week, Mr. Hoopingarner, a member of the Com- on Blighted Areas and Slums. however, that if any revival of ng activity is to be permanently artificial and uneconomic im- st be prevented Would Readjust Credit. “The desired stimulus and control | vided,” he told the confer- | ugh a readjustment of our general credit structure so as to provide equity financ for worthy projects fthout peril to existing fnancial agen- | cies and without jeopardizing private | investment and without the requirements of sound public policy. | was reported today. But in all cases the safety of the build- | Dunnington and Samuel S. ing-investing public as well as supplying | Tlust the need for satisfactory housing must | — be fully protected | “The way out of our housing difficulty | s to adopt the same general approach to | finance as already e | soundly financed industrial projects | whose securities have been proved in a | non-speculative market, in which the | proper relationship between the senior | r first mortgage security and the junior or equity security is frankly recognized and r provision made therefor in eral credit structure on a per- | manent basis The junior securities or equity | ! for worthy projects should | discounting facilities comparable | Procrastination, the enemy of real es- found in other acceptable lines | tate sales, costs hesitant home buyers f finance and investment. Properly |many things they really would like to applied, such rediscounting facilities for | have, in the opinion of the National As- the equity paper can and will discour- | sociation of Real Estate Boards age speculation or inflation, by placing| People who put off purchasing their a reward in the form of safeguarded |own homes lose 10 things, says the as- eligilibity, reduced rates of costs and |sociation official recognition to only approved| «adventure—Home ownership ha projects carefully determined. ~Better | brought this to thousands of familie building. rather than boom building. |that would have led drab lives other- with all of its dangers, can thus be|wise, et | “Education—The practical side of the adventure opens up a whole new world tc the renter. He learns about value: and prices, contracts, new materials and | how they ‘are made. Sooner than he may think, this education may be of real value fo him in his business life “Credit Rating—The home owner im- mediately assumes a new importance to store, bank, business and investment . The Randolph Terrace Apartments Spruce. Enjoyment, Prestige Would Create Many Jobs. ch a plan will also make one dol- lo the work of ten, and create a dozen jobs for labor, where only one ob otherwise exists. If set up as a | revolving fund, with rediscounting privileges, such’ equity financing can | insure a continuing large volume of | building many times the size of the ini- 5 ; opportunity tial fund itself and render enormous pP;jn]’)\m"n( It is fun to own a Service over a substantial period of|pome It is fun for adults to have vears, thus insuring a permanent con- their own place in which to entertain |and do all the things that the renter wisely done to DELAY IN BUYING OWN HOME COSTLY, REALTORS’ BOARD SAYS New Apartment House Is Purchased at 3900 Fourteenth street People Who Put Off Purchasing Lose in Adventure, m™tions. and Other Factors. cften hesitates to do. for_the children Purpose.—Many people have no defi- nite purpose in life. The goal of home cwnership has _brought stimulation to thousands of families Proper Background.—People do not gn and build their rented quarters. They have to take them as they are cople like to develop their own back- This is possible for the home It is double fun curity —From the time the initial is made the home owner is ing up an equity that gives him »f mind Stability —The whole home-owning transaction gives man and wife perma- nent ties, both civic and social “Prestige—This is a social benefit of home owning Thrift Habits. s to save ‘The home owner Grace Prescott, a barrister, has cted the first woman mayor of nanchester, England Mis been el God liquefy frozen first mortgage real estate | with the main entrance on Randolph street, over- | transgressing | looking Piney Branch Valley between Fourteenth and Sixteenth streets, has been purchased by Willlam H. Lipscomb, it The_property was acquired from Goldsmith & Keller, builders, The building contains 82 apartment units ting & new zoning regulation, the building occupies but about one-fifth of the lot REAL ESTATE. sponsible Elements Is Held Effective. struction industry, counteract the * |in the industry, has | mendation from varied as a means sources, vate organizations. | | zation, * sponsored by industry to “clean its own house.” The agency was established in 1929, after six years of consideration by rep- 111 Glenbrook Road Battery Park, Md. Open Every Day, 1 to 9 P.M. New detached brick, 6 r., 2 b., with chromium fixtures. Solid brass elec. fixtures, Colonial design. Breakfast room with china closet. Wonderful kitch- en with latest cabinets, fin- ished attic, insulated with Celo- tex, elec. refrig., bright cellar, garage. Lot 75 ft. front, Directions: Wisconsin Ave. to Bethesda. | Turn left at traffic light. ~Follow car line five blocks to Glenbrook Rd. Turn left. Go half block to house. Jos. A. Herbert & Sons Realtors 1013 15th St. N.W. through the agency of Clyde C. most of which have inclosed porches. Apartment Hotel Remodeled. Meridian Mansions Apartment at 2400 Sixteenth street has just been extensively remodeled, the work including enlargement of the dining room to the front of the building and provision of new furnishings and deco- Hotel Two-Story Flat Planned. | Construction of one two-story brick flat at 705 Fifth street northeast is planned by Sullivan Bros., as owners and builders. The cost is estimated at $6.000. Dis. 4590 Rk Valiios i Qs Gl G0 3117 Legation St., $11,250 5427 32d St., $12,250 New, of STONE, BRICK and FRAME construction— one a CORNER. 6 rooms, 2 baths, breakfast room, built-in garage, Celotexed attic. To reach-Out Conn Ave. to Military Road, to 32nd S 1 turn right square to proverty. . CONTRAGT BUREAU WORK' COMMENDED |Organization to Combat Irre. e S L SRR R R R U IR R R e | . The work of the Bureau of Contract Information, Inc., set up several years ago by afliated agencies of the con- to rresponsible elements” brought com- in- | cluding Government, officials and pri- | _This non-profit, fact-finding organi- the Associated | General Contractors of America, rep- resents an endeavor by this national resentatives of architects, engineers, | private construction eentracts, the writ- public officials, surety companies, manu- | ing of contract bonds or the extension facturess, distributors and organized |of credit, it is explained at the head- | contractors, its purpose being to com- | quarters of the Associated General pile performance records of concerns Contractors. seeking construction contracts. | —_— Information gathered concerning the| W. C. & A. N. Miller have revealed Tesponsibility of contracting firms is | plans for the construction of a twoe disclosed to those agencies “legitimately story stone and brick dwelling at 4915 entitled” to it by reason of being re- | Hillbrook lane, in the Spring Valley sponsible for the award of public or'section of Wesley Heights, North Cleveland Park New Corner Home 4330 37th St. N.W. Corner 37th and Yuma Center-hall plan, large rooms, 2 baths, open fireplace, very lange kitchen with electrical refrigeration, finished room in attic, slate 2-car built-in garage, fine High, restricted, convenient tion. A Real Value Priced to Sell Wm. M. Throckmorton Investment Bldg. (DETACHED) 2 Open All Day Today Drive out Wisconsin Ave. o Yuma St. and east 3 blocks to "house, or out Conn. Ave. up by Bureau of Standards to 37th St., morth to Yuma. roof, vard. loca- P DR RRRRR RN RN N RS ] Dist. 6093 Dhdutattesssastete ettt A S S R S S S R S S 4 —— HARAAAEARARLALLLAARARRALARLAERR NS Inspect These 4 New Homes In Chevy Chase Open for Your Convenience 9712 Military Rd. $14.,950 coni megiap o nemole of location well worth your examination, RZEZ7272222770702 5524 30th Place All-Brick Home, practically arranged and beautifully fin- ished. Do not miss seeing the kitchen. zrIIZIZZZZZ 5429 30th Place A home of stucco and stons with recreation room and fire- place in basement. Equipped with oil burner. $13,950 12,750 5701 32d St., $14,500 (Corner Northampton Street) New, ALL-BRICK. CENTER-HALL, Colonial home, situated on an attractively landscaped corner lot. securities of a conservative character | \\\\ /// and to achieve a reduction in the cost - of such primary financing, by providing | ) acceptable rediscounting faciilties in | \ - / that field will be most helpful. | b A 77 7/ ) 8 ROOWV : “It is imperative, however, to provide | With Extra Tiled Lavatory 441 Ingraham St. N W ing projects,” the speaker continued. | ‘Construction, wherever encouraged, | A truly distinctive home, 20x42, large deep lot, paved street and alley. Modernly appointed kitchen. should serve a timely and real economic See This Exceptional Value Z2222772227277277272, 5024 Nebraska Ave. N.W. A center hall plan. On the P Ve AT e Frr gl veoms Easy Terms May Be Arranged on Afly Df These HOfites Wm. H Saunders CO., Inc. 1519 K St. N.W. Dist. 1016 7538 14th N.W. (Just North of Hemlock St.) 12,750 8 spacious rooms, 2 tiled baths, built-in garage, break- fast room, attic is fully Celotexed. Electrical refrigeration. ‘There are six rooms of gener- ous size, two fine tiled baths, breakfast nook, electric refrig- eration, an attic, floored and celled with Celotex, Detached 2-car brick garage | need. Each and every individual project | should be safeguarded, so far as pos- | sible, against speculative elements with- | in itself, including provisions against | te ‘skyrocketing’ of appraisals and the kiting’ of loans, as well as against mis- leading or deceptive advertising and publicity.” HOOVER'S MORTGAGE " PLAN IS APPROVED Noel Sargent Tells Conference Re- discount Proposal Would Stim- ulate Construction. OPEN ALL DAY SUNDAY Edw. H. Jones & Co., Inc. Chevy Chase Properties 5520 Conn. Ave. Open Saturday Afternoon All Day Sunday H.G.Smithy Ce, 1418 Eye NAt. 5904 Clev. 2300 Also other 6 and 7 room houses similarly equipped. Convenient Terms $8,950 to 510,250 FREDERICK B. MILLS Owner & Builder Phone Georgia 4946 7 Move In Before Christmas / Sample Open to 9 P.M. 1804 C St. N.E Out East Capitol to 7 blocks north fo C St., east to houses. THEY ARE DIFFERENT! AND WILL STAND THE MOST CRITICAL INSPECTION! 7 Rooms—4 Bed Rooms Complete bath with shower also lavatory from master bed room ARRANGED FOR “ONE” or “TWO” FAMILIES! All latest and modern features modern kitchen Price Low! Small Cash Payment! Balance Like Rent! Facing 160 Ft. Boulevard. Near all conveniences, includ- ing graded, junior high and Eastern High Schools. Just & few minutes to shopping center and all Government buildings. Large lawn; rustic stone retain- ing wall; built-in garage SEE THESE HOMES—THEN DECIDE! WAPLE & JAMES, INC. 1226 14th St. NNW. North 0862 (Or Any Broker) Wesley Beights Beyond doubt rediscount banking by President Hoover, would tend to stimulate home construction, the | President’s Conference on Home Build- ing and Home Ownership was told by | Noel sargent, manager, industrial Tela- | tions department, National Association % , N Comparison Is Convincing But considering this subject,” he| added, “we must not ignore tendencies and conditions which impede such! DETACHED ENGLISH building today and, unless removed, | HOMES 6814, 6818, 6820 9th St. N.W. en the Federal residential loan (1 Block East of Ga. Ave.) em is established. | OPEN UNTILS P.M. The wage problem is so extremely | that it is impossible for any| 6 and 7T rooms, two complete baths, slate roofs, cement front and rear porches, large lots, beautifully landscaped, with £TOUp or organization to| on rear, large living rooms with open fireplaces, tiled ar formulate or express any satisfactory | concrete conclusion and recommenda- | in kitchens, inlaid linoleum, elect refrigeration, chee rooms, brick pantries, bright bed rooms h com tion as to the general attitude which the employers of the United States finished and Celotexed attics with large cedar room built-in cedar chests, the most modern interior dec should assume on the question of wage | fixtures, Each house individual in design. Here is your opportunity rates. to buy the home you have planned, built as you would build it. Terms and Prices That Will Please You Built by S. Eig Construction Co. WAPLE AND JAMES, Inc. 1226 14th St. N.W. North 0962 the home-mortgage | system, proposed The Garden Spot of Washington In the City But Withdrawn from Its Disturbing Features and Discordant Elements One impression made upon every visitor to WESLE HEIGHTS is the happy combination of natural and archi- tectural beauty. for its adaptabl “But we recognize that there exist unjust alignments of wages in certain | trades, as compared with wages of workers in other trades who. must possess substantially the same degree of ability. Some adjustments of wages in these trades and occupations would seem to be required before general industrial stability can be resumed; the | longer such adjustment is delayed, the greater the retardation of general industrial recovery.” Ezery home is placed in a setting chosen ness, with the result that the community is a harmonious picture—diversified against nor pressive of ar , but ex- stic taste and structural excellence. | Giving up hunting for the season, the | Duke of York has sold his six hunters | | for $5,065 | | | Silver Star Home 4929 Rockwood Parkway Designed and Built W. C. and A. N. Miller NORTH CLEVELAND PARK FIRST SHOWING 5532 30th Place Open to the Public as a Demonstration of the Higher Art in Home Building and Interior Decorating Interior Decorations Studio of Dulin and Martin HOMES— f wvarying sizes and types under construction and avaable for inspection. 4217 37TH ST. N.W Cormer 37th and Veazy Sts. Now, $13,950 Eight large sunny rooms—two beautiful baths—ALL BRICK OONSTRUCTION—floored _ attic—fireplace—big bright kitchen— pantry—Prigidaire—perfect hardwood floors throughout—Newest type range—daylight cellar—two-car built-in garage—BIG CORNER LOT —pretty shrubbery—house fully screened and ready to occupy. Never before have we been privileged to offer a home so fine in this close-in suburb at a price so reasonable—DRIVE OUT TODAY. From Conn. Ave. turn west at Bureau of Standards on Van Ness Street to 37th and north one block 1o house or out Wisconsin Ave. 1o Veazy Street and east to house. OPEN-—-LIGHTED—HEATED R M HOOKE Realtor Every home insu- lated with Celotez. $13.850 Here is your Christmas present for the entire family, a beautiful new all-brick house with a delightful living room, cheery dining room, model kitchen, large breakfest nook, three splendid - tiful baths. Be sure to iee this house \odayp e smseniabess OPEN ALL DAY SUNDAY AND EVERY WEEK DAY FROM 2 TO.9 REALTY ASSOCIATES, INC. Natl, 8744 1427 Eye . C and 4. . Miller DEVELOPERS 1119 SEVENTEENTH DECATUR 0610 Tower Bldg. Metrop. 2663