; :-r:-.n-'rr
TIIK IIKND IHTM.KTIN. IAII,V EDITION. ftKVI, OnBOON. flATI'MMY, Al'ltlf. 20. 1082.
9
if
3
61.
0 1
"77 7"7, j , 7 a A A 1 , I
Nation Has Too Many Renters to be Happy
Says Hoover:
"There is an issue involved in our housing problem far
greater even than the present temporary shortage of housing
facilities throughout the entire nation. IT IS THE ISSUE OF
HOME OWNERSHIP.
"The census returns demonstrate that our percentage of
tenants is far too high, and if we are to have a happy, con
tented and stable population we must increase the number of
those who OWN THEIR OWN HOMES.
"With the increase in construction of homes will come an
increase of employment, the general revival of the construction
industry and an improvement of business conditions universally."
Hoover.
There is logic in every word of this and it applies in Bend
very empathaticly. Bend is under built for the present popula
tion and it is growing every day.
The shortage in houses has held rents sky high and will
continue to hold them up.
The same money that is being paid out each month
for rent will buy homes. More home ownership as
sures a more happy and contented people, and a
belter, more prosperous city.
From a personal welfare viewpoint home ownership may
be observed from any angle but the fact cannot be avoided that,
no matter how great the sacrefice, a few hundred dollars in
vested in a home at a time when financial help is needed is
mighty welcome.
To pay rent when the possibilities of home ownership for
the average tenant are as great as they are today is a deliberate
waste.
Money with which to build a home is available now.
Building prices are materially reduced-real estate
is lower in price than it will be a few months later.
1
Now Is the Time-Lay The Foundation for a Brighter
Future by Owning a Home in Bend.
TACK 7