Image provided by: Morrow County Museum; Heppner, OR
About Heppner gazette-times. (Heppner, Or.) 1925-current | View Entire Issue (April 27, 1967)
HEPPNER GAZETTE-TIMES Thursday. April 27. 1967 Page 5 House Cost Can Drop to Nothing In 25 Years Ruvlnfi n limne Is Hip hl!l'st financial hlcp Hi,, typical family ever I.iUi-k, one Hint niiinv people np. primeli vv It II ticedlev trcp hi. ill, .11 Yrt, ,11, 1 vuii know Hint, over a '. year pi-rlod, your house iiii,l cost vmi not It Ina? Compare lliiil In riir purchases whii-h could dij; Inli) your bunk account nv rr the '.mil- period I i the tune n' S'-V'looo or more. I'erxiiaslveh svel i; It I n K Ikiii; Ii Mil null. is -i f .r shel tcr and uh-4!'i, two basic family needs, wus Kdltor tilchard W (INVIII in a re cent l-,.,iir (,( id., aiitliorl' alive House A. Ilium- matf ai:ihe Hi- put ii this ss.iv: "Assume lln- house buy-i-r taken nut a X se.ir $20,0(41 mortcane mi a $'..'.". io0 house. ,t Interest, he will pay $11!. -ion mi the tnoriKae.e In 2."i yearn, Put Income tux deductions of S.KN In Interest will else him an effective rebate, In the t,i bracket, of Sti.'l'Z Value K-ep Pace Sn his house will actual Iv cost him $:i'i.(lsd in mort eacc payments plus his S').lil Mown payment nr a total of Sto.iiiis Hut uMntf tllC modt conservative esti mates of increasim; value, the house sslll be worth at least Sln.UKI after 2."i years anil thai figure lines not lilt hide an annual 1 2'", In. flationarv factor In the value of money "In shmt, he svill be able to yet bark every bit of money he has put Into his house purchase. So If he sells the house, It will have rust him nothlnn. "Let's also assume that the home buyer buys eiitht ears ami kisvps each for three sear ami that Pitch ear Is worth approximate ly Sl.oon ami Is financed nt 12": . At the etui of Hie 25 sear period, he will have p.! hi about $2:1.1X10 for hit ears and will wind up svlth only cine ear valued at about Sl.fiOO," states O' Neill. Intoront Compare Well Maintenance and local properly taxes are added rusts to the home owner, of roiirse. but these are easily offset by the quantity and iii it I it - of livlnt; attained by the homeownlni; fam ily. Although the Interest charged for morttfatfo mon ey is higher today than it lias been fur many years, the rate Is still consider- less than those chare.- for autos, appliances . it.. ln,irv ltinw as color TV sets, all of which also have a hlc.li rate of depreciation. As a hede against Infla tion, the purchase of a home Is iirolia It 1 y the .soundest dollar Investment that the average family can make. ab!s ed and Power Mower Tips When vmi fill the tank of that posver lawmnosver, be sure to treat (lastiline svlth respect, liemember it Klves off flammable vapors which need only a tiny flame or spark to turn into searlnn fire or dangerous explosion. So do all refueling out doors where the dangerous vapors can't accumulate. Keep assay from all ignit ion sources, mid observe n strict no wnoklni; rulo. Wipe up all siillled gasoline be fore starling the motor. Install ELECTRIC HEAT now... you'll be glad, for years to come! You'll bo surprised how little it costs. That's be cause Electric Heat is so simple to install; no ex pensive duct work or furnace to buy. The whole job can bo dono quickly. Thnro is so littlo fuss and muss that you cun continuo living in your home without interruptions. Which Electric Hunt system is best? Depends upon your home and your family. Many adding Electric Heat to an existing home prefer baseboard units. Theysflre easy to install ond require minimum alter ations. Just run a few wires and connect to the heating units. If you plan to remodel, consider ceiling coble. The heating elements ore actually hidden in the ceiling. Tho warmth radiates down, just like the sun. Tins method gives maximum flexibility in home decora tion. For ultimate comfort consider a combination elec tric heating and air conditioning unit. This single unit gives you complete year around climate con trol; heats your home in winter and cools it in summer. Regardless of which electric heating system you install, you can be certain that your family will enjoy a whole new world of comfort and conven ience. You'll like the clean, steady warmth provided by Electric Heat. There are no "hot" or "cold" spots. It's safe because it's flameless. Electric Heat is a trouble-free system; just set the thermostat and relax to enjoy the modern heating method! Now's a good time to think ahead . . . think about tho cold, wintry days (and nights) that will bo here nil too soon. What better time to install Electric Heat? NRECA YOU LIVE BETTER ELECTRICALLY With base o lectrk Co Serving Wheeler, Gilliam and Morrow Counties Cotton's fiber strenclh is 10(),(MKI pounds per so. In.
