Indianapolis Times, Indianapolis, Marion County, 31 October 1948 — Page 54

which enter into an appraisal are

ever-moving curve of real estate . values, Some of these factors are| the inflated urban real estate values, the fear of war, and the fact that currency in circulation is Ze Hig iy tha of 1039. re te men, and especially appraisers, are watching the downward drift of real estate prices and the rising selectivity of the buyer. ! Activity Tapering Off Actuslly, Mr, Hicks said, real estate activity has been tapering | off for the last couple of vears,! a fact which has been visible in| deed recordings and transfers, The turning mark was about June, 1948. The real estate market moved! to fantastic levels under the pressure of people who had to buy. There were many unhoused, and there still are thousands who feel improperly housed, There is a firm market, Mr. Hicks said, but nearly everyone has found shelter. Home-owners are taking their time to look around in view of improving their housing.

There are, however, plenty of buyers for sound values, and prices are. still fairly strong. 3 Rentals Still Few There still are practically no! rentals in single or double houses, | Owners of rental property have rebelled to the point where they

' ness. Many 80! Realtors insist that if the OPA rent ceilings were removed, rental properties would become available in abuhdance almost over night. ‘They point out that many large apartments are occupied by

sald the factors Almost limitless, especially in the

have:gone out of the rental busi-|}

~ i LO

AME

RISAN CO American Estates the former owner, g#--%

EA NIAL SOLD—This center hall, American type Colonial house, 4320 Washington Blvd., was sold to Mr. and Mrs. James T. Cunningham b o. Inc, Circle Tower. Charles F. Meyer, 136 E. 43d St., was

Office Equipment

All types of the newest office Includes

wide accountant groups. ants,

Calculators, tabulators, multi-|

from 11:30 a. m. to 10:30 p. m. in| Eachern,

single tenants who would, if rents went up, take in someone with whom to share the rent. Realtors also agree that the steadying of the market is good! for business in the long run. Few current home buyers will have to stand such large deflationary

draperies, even clothing sparkles after the trestment.

losses as may be experienced by those who were forced to purchase under the artificial urgency of the post-war readjustment.

Local Jaycees ' 2 to 1 Against Bonus

Members of :the Junior Cham-| ber of Commerce here are 2 to 1/ against a veteran's bonus by, membership poll, C. Wendell Mar- | tin, chairman of the Jaycee vetSans Bonus committee, said to-

y. embers of the organization returned 173 ballots indicating ‘the sentiment against a bonus at this time, he said. :

Complimentary Ticket Admit One to

THE KITCHEN LIVING HOME

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Cleans Small Rugs =~ Handy, ‘efficient

rug nossle whisks sway . surface litter la » twinkling,

Cleans Rediston = gets Into hidden nooks and crannies, car serte.

4190 North Pennsylvania Street Oct. 31 through Nov. 14, 1948 2 to 9 Daily—<tt to 9 Sundays

§ Shown by the Central West District’ Indiana Garden Clubs

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Stop Needed en MONEY is quickly . secured

Complete Line of Rebuilt Vacuum Cleaners. .From

i To Be Displayed the 'lequipment, including an electric| Hoosier manufacturers.

| The local NACA chapter, spontypewriter, will be displayed in soring the show, will meet with|

the Murat Temple Nov. 3 to 5 other state NACA. chapters, the when the local chapter of Na- Indiana Association “af Certified ® tional Association of Cost Ac- Public Accountants and-the Incountants meets with other state- diana Society of Women Acequ

products of

| A dinner at 6:15 p. m. on openpliers, recording devices and even tng day will be followed by a office furniture will be shown meeting at 7:30 p. m. John Mecfrom Detroit,| the Egyptian Room of the temple Mich., will speak on ‘Standard for three days. The merchandise/Costs and Budgets.”

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— . —— ete —— |Car With Every Home 40! The motor car is on its way to little. He says he wants to make |become standard equipment for the profit normal for a $4000 inthe American home. . Perry Brothers, builders, Wash- to be about the right figure. ington, D. C., are including a. small | tation wagon with every new companies have been disillusioned home sold in their Bethesda, Md., about building costs and are endevelopment, And the price of the car appar-/a basis, he said. ently isn't added to the asking e. The houses originally were on a foundation 22 by 28 feet) advertised from $22950 to $26,- and the two-bedroom home is] 500, -and the prices remained the about the same with a wing] e $1,077 station wag-'added to accommodate the addiop was added to the deals.

INDIANAPOLIS TIMES

a eo

Local Builder

cost of less than $5000?

Is a $5000 Home Possible? |

Paul Brandt Is Fascinated With Ideal ‘Poor Man's House’; Starts to Build Them

Can a family live under a roof with modern conveniences at a

One independent builder, Paul Brandt of Indianapolis, believes it can be done. He has become fascinated with the ideal “poor man's house.” His plans call for a suitable dwelling for approximately -

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$4500, Mr. Brandt, who lives at 6105 N. - Pennsylvania St, has two “sample” homes under construc-

for $4500, and the two-bedroom dwelling at $5400. Under his plan, three competent carpenters can turn out a one-

ten days and ,will show a profit “Tot -gbout- $400;

block nqrth, and has taken op{tions on 37 mors. {houses under construction are for |demonstration purposes, although {he sald yesterday he has had “15 lor 20 offers” from prospective | purchasers. Mr. Brandt says his idea is to {squeeze the profit in building down to a normal figure. Some [houses bring too much, some too

|vestment and beljeves 10 per cent

Some of the banks and loan

couraged to appraise on too high

tion, one with one bedroom, one|With complete oil burning heating with two. The one-bedroom home|equipment and a fully equipped ‘ {he believes can be sold at'a profit|bathroom,

bedroom $4500 house in a week to

He has purchased 14 lots in the pT 3600 block west and in the.-1400|.

His “sample”|

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regularity

points u steady, stab production. In the In

’ apolis area

manufact of foundry ucts had highest tur in Septembe employment

That $6( Up in" plans to ma: yesterday w

and insura fayette, In National its idea d about ten before the ministratior liked the id shrinking u "The “Th yette can 1 signers say a week. If up a treme low price | however, a ability of Corp. to pr a price ai are not op] cation idea The “Thi 6 inches |

* Wait anc Both e attitude to ployers to : The un in the Taft. to the bon it as such for manage The rulis upon -a lo stances. .T than the They also | which can 1 nomijc” are there are to the soug One of t in Indianaj would apply First, wo “economic” they must | and nothin must be rep the new “p This mean! picket line, could prod fAght at the

On the

Magazi hopped intc expansion couple of | Fortune's y tion fairly the deman products. . Co. has mo new $15 n

Works fo One of community polished, ea Older men of the load Young gram of © activities. Junior C. « ports that | of the Robe of the Ame dent of t 8chool Clul is presiden! town Unive In additi treasurer o and as suc biggest boo estate pros