t The Statesman. Salem. Oregon, Sunday May TX. 1345
Eager-to-Build Vets Finding
Salem Contractors Wary of
'No Down Payment' Homes
Br Charles Irelaea
Stft Writer. Th SUtmt
The new-horn Industry in Portland has entered m new phase
fx-servicemen there are purchasing houses with neict-to-nothlng down
fallowed by payments that are nominal by today'! standards and Sa
lem veterana have started to ask when houses here wilt be available
on similar terms.
The answer, and it comes (ram E. E. Tate, veteran administration
lan guaranty officer of the Port-
lnd regional office which serves
the state, is that Salem can have
the same thing when and if build
er construct houses here that can
h o!d for the VA-appraisei val-
V
Until recently the very thought
of this was fantasy, but Tate says
that Portland 'contractors have
"sharpened their pencils" and fig
ured ways f building bouses that
can meet the loan provisions In
cluded in the GI bill of rights.
In addition to building a house
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which will sell tor a VA-apprais-ed
price, contractors also must ar
range for sale of the mortgages.
The sticker here is that many lend
ing institutions are opposed In
principle to 100 per cent loans;
another factor Is that the smaller
portion of the Loan which VA guar
antees must bear a 4 per cent in
terest rate. And that is low on to
day's market. However. Tate said.
Portland contractors seem to be
encountering no difficulty in sell
ing such mortgages.
Caeer GI BUI
Financing of the houses in men
tion is conducted under the provi
sions of section 505 of the GI bill
of rights, according to Tate. In this
FHA guarantees about tO per cent
of the loan and VA the balance.
Called "no down payment" homes,
they actually require an , Initial
payment of two or three hundred
dollars, but this defrays costs of
closing the mortgage and does not
apply on the loan.
Houses selling: under this provi
sion in Portland are priced from
S7.SO0 to $9,500, according to Tate.
Monthly payments on an $8,000
house on a 20-year basis are $51.51
plus taxes and insurance, he added.
Tate said that the VA loan of
fice in Portland has been virtually
swamped with contractors since
the advent of the workable 100
per cent loan for veterans. They
all want to build houses that way.
Queries also have come from Al
bany, Eugene, Pendleton and On
tario builders, he added. But none
yet from Salem.
'Happy te Disease
He said the VA loan office In
Portland would be "happy to dis
cus" the subject with anyone who
might consider such an undertak
ing in Salem.
As the plan operates, contrac
tors take their plans and specifi
cations to the VA office and get
them approved before a spade is
turned. Then VA assigns three ap
praisers to inspect the proposed
building sites, as well as the plans
and specifications of the proposed
construction. If approved, the con
tractor is given a pre-const ruction
appraisal committment and csn
proceed with the sale of the houses
even before they are finished, ac
cording to Tate.
Houses Sell Fast
Tale cited a recent example !n
which a Portland builder who had
completed one group of house sold
another group of 20 in one day
before construction was started.
Tate said he thought, and hop
ed, contractors interested in build
ing such houses in Salem would
be able to secure financing through
existing Salem lending institutions.
He added that he was confident
they could get it someplace if they
tried.
The Salem veterans administra
tion office does not process loans.
All queries there are referred to
the Portland office.
'Our business is to get veterans
into houses," Tate concluded. "This
plan is doing that in Portland, and
we would like to see it wotkUn
Salem and elsewhere as well."
Experts Say
Rules Change
For Grammar
By Aaelaiae
NEW YORK -VP)- It's appar
ently OK now to even use a
preposition to end a sentence with.
A lot of things are happening
to grammar.
They are signs of a liberalism
that is spreading through the Eng
lish language. It is part ; of an
evolutionary change. Expressions
that once bore "don't touch" lab
els are gradually gaining l quali
fied acceptance. So many new
words are being added that some
dictionaries now put out Supple
ments between editions to keep
up with the pace.
a. is aa uw suuf 4 as. gii i j nsf ,
standard of acceptable English." j
says Prof. Allen Walker Read of ;
Columbia university, one of the
modern expert!.
"One style is proper to one
audience, another to a different
audience." j
Changes Nat New I
Changes and growth are not
new to English. Prof. Albert H
Marckwardt of the University of j
Michigan, author and authority,
on acceptable English, says the
vocabulary of the language ap-
ymi cuuj us (jiuuuinra in uiree
and one-half centuries and the
number who speak it has in
creased 50-fold. He cites figures
indicating that 270,000,000 speak
it today and foresees considerable
increase in that number.
The (American) National Coun
cil of Teachers of English, with
more than 11,000 members.
played a considerable part in the
changes. When wide usage flouts
an old rale, the teachers (chiefly
on the college level) research and
study to determine whether they
are Justmed an e nana sending
that usage should overrule the
rule. They discuss their findings
in articles and conventions and
wrap up their conclusions In stu
dent handbooks. Many of these
are used to teach composition to
eoHrge freshmen, who nwraSer
more than half million a year.
Alterataesss Aaeeered
Here are some changes ap
proved by one or more of these
experts
Prepositions may be used to
end sentences sometimes, if wedg
ing one into the body of s sen
tence makes it awkward or alters
the meaning
OK is given unqualified stand
ing1 as a word in one dictionary
Several others label it "collo
quial." though some still omit it.
Even "ain't" is not as com
pletely blacklisted as it used to
be. Though some dictionaries still
ignore its existence, several list
it with some such tag as "illit
erate" ond "not regarded as good
usage." But one says it has some
sanction as s contraction of am
not. And one expert says if
enough people use it, it will be
come established in the language.
good or bad.
The new Theodore Roosevelt
National Memorial Park covers
53.000 acres along the Little Mis
souri river in North Dakota.
Watch Found
During March
If you lost a watch during the
month of March and It was still
running when you lost It, you may
be on the way to getting it back.
City police received a letter Sat
urday from a Mrs. Ray Barnett of
lone, Oregon, reporting that she
had found a lady's wrist watch
lying on a sidewalk in Salem dur
ing the month of March. "The
watch was still running, so appar
ently had not been lost for long."
Mrs. Barnett wrote.
She told police she would be
' glad to return the watch to the
rightful owner, if such a person
could describe it and tell the ap
proximate time it was lost."
TRUCK FIRM BANKRUPT
PORTLAND. May 21-Ay-The
Rand Truck line, which operates
between Portland and the Oregon
coast, filed a bankruptcy petition
today. The firm has operated to
McMinnville. Sheridan. Willamina.
cuss Junction. Agate Beach and in
termediate points.
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