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Story
October 3, 1919
New Mexico State Record
Santa Fe., Santa Fe, Santa Fe County, New Mexico
What is this article about?
An editorial promoting the benefits of home ownership for personal stability and community regard, advocating amortized mortgages and quality construction to achieve a lasting family haven.
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Full Text
Home Town Helps
INDUSTRIAL VALUE OF HOME
Well Recognized That Ownership Makes for Highly Desired Stability of Character.
Man's greatest business in life is the business of living. And nothing contributes so much to the success of this business as does good housing. Civilization is built up on this idea. The most progressive and civilized nations have been best housed.
Today the industrial value of home ownership is well recognized. It develops a pride, a self-respect, a stability of character that makes the home owner the man to be desired. The man who can save and achieve a real haven to house his business of living has something that differentiates him from those not so fortunate. His credit is better, he is more highly regarded by the community, and he is the desirable citizen.
Most homes must be built on loans. As handled in the past, the mortgage has been pictured a home wrecker, a dreaded something to harass a man's old age.
Today the tendency is toward amortization, which is a gradual paying off of the principal so that in time the home will be free and clear. Amortization removes the only drawback to the ownership of a home. Whereas it is hard to save $4,000 to pay off in a lump sum, it is easy to pay $33 a month for ten years, plus $20 interest charges, which latter decreases every month. How many of us have bought things on the partial payment plan, meeting the payments easily, and meanwhile enjoying the luxury of possession?
Just so it is with a home. And provided it is located right, one or two rooms can be rented that will cut the monthly payments in half. That feature alone has proved the deciding factor with many who desire to be a real success in the business of living.
But this home should be built to last, to be in as good condition when the payments are finished as when they are started. That means spending money where it doesn't show--for a year or so. It means good plumbing, good heating, good, sound timber framed by a builder worthy of trust, by a man whose bid may not be the lowest, but whose bid is based on the kind of construction that will cause the home to stand up bravely against the elements, a real haven for the business of living.
INDUSTRIAL VALUE OF HOME
Well Recognized That Ownership Makes for Highly Desired Stability of Character.
Man's greatest business in life is the business of living. And nothing contributes so much to the success of this business as does good housing. Civilization is built up on this idea. The most progressive and civilized nations have been best housed.
Today the industrial value of home ownership is well recognized. It develops a pride, a self-respect, a stability of character that makes the home owner the man to be desired. The man who can save and achieve a real haven to house his business of living has something that differentiates him from those not so fortunate. His credit is better, he is more highly regarded by the community, and he is the desirable citizen.
Most homes must be built on loans. As handled in the past, the mortgage has been pictured a home wrecker, a dreaded something to harass a man's old age.
Today the tendency is toward amortization, which is a gradual paying off of the principal so that in time the home will be free and clear. Amortization removes the only drawback to the ownership of a home. Whereas it is hard to save $4,000 to pay off in a lump sum, it is easy to pay $33 a month for ten years, plus $20 interest charges, which latter decreases every month. How many of us have bought things on the partial payment plan, meeting the payments easily, and meanwhile enjoying the luxury of possession?
Just so it is with a home. And provided it is located right, one or two rooms can be rented that will cut the monthly payments in half. That feature alone has proved the deciding factor with many who desire to be a real success in the business of living.
But this home should be built to last, to be in as good condition when the payments are finished as when they are started. That means spending money where it doesn't show--for a year or so. It means good plumbing, good heating, good, sound timber framed by a builder worthy of trust, by a man whose bid may not be the lowest, but whose bid is based on the kind of construction that will cause the home to stand up bravely against the elements, a real haven for the business of living.
What sub-type of article is it?
Editorial
Promotional
What themes does it cover?
Moral Virtue
Triumph
Social Manners
What keywords are associated?
Home Ownership
Amortization
Character Stability
Durable Construction
Financial Success
Story Details
Story Details
The article argues that home ownership fosters pride, self-respect, and stability, making owners desirable citizens with better credit. It promotes amortized mortgages as a feasible way to own homes, suggesting renting rooms to offset costs, and emphasizes building durable homes with quality materials for lasting value.