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.