Indianapolis Times, Indianapolis, Marion County, 4 November 1951 — Page 60

©.

NORTHERN HILLS—Six rooms with a bath and a half are featured in this spacious frame

nial home at 7979 Evanston Road.

Teeters in a co-operative transaction with the Evans-Bromert Realty Co.

Kingsbury, a telephone company executive.

No Housing Oversupply, Says Trends Analysis

Although the nation’s popula number of families actually has

tion’ growth is lower than the increased much more rapid rate of new residential construc- than the total population. tion, it does not necessarily fol- An even more impo ‘low that this will lead to an tor in housing demand than th oversupply of housing,” Arthur number of families is family inM. Wéimer writes in the current come. During bad times families jssue of the Review of the So- are forced to “double up’ white ciety of Residential Appraisers. in today's period higher inThe group has 7000 members in Comes more families are de4 the United States and Canada. manding homes of their own Dean of the School of Business In 1939 only 10 of A hefM any at Indiana University, Weimer families had meomes of $3000 gives a number of reasons why a *0¢ Over whe bs he 001: housing shortage exists despite responding RS — an apparently favorable ratio of erat : 3g > : Ioreute ry population to housing. es A sha It is the’ number of families) 2TETT number of persons workrather than the number of peo- 8 P°r iamily. Fa ple that is significant. The size Higher, marriage ates. in the of families is decreasing and = decade have contributed to during the past 10 vears the the increase of new households. CEL Shifts in population, especially Pr to the Southeast and Southwest,

have caused maldistribution of housing.

LUMBER—FLOORING By

BALL PARK LUMBER CO.

1440 S. Harding

HOME SUPPLY CO.

The One-Stop Bathroom and

Kitchen Remodeling Store ®

Free Estimare, RI. 5894 236 E. New York St.

Eve. Till 8

It was sold recently for Richard D. Eastridge by Realtor

By DEAN H. ROBINSON Perhaps we should take “Small”

Colo because even though it only has sides, There is seldom enough H * two bedrooms it is still of good room in ‘the average coat closet ugh size. However, the rectangular but not in this’ house. In fact New owner is John W, shape and simple lines ‘should this might be called the “Closet make it extremely reasonable to House” because there are nine: build. plus a large utility room,

The overhanging roof, built-in

Northsiders make in

The house could be

THE INDIANAPOLIS TIMES

the front door and see what the and garage in the front make this

First there is- & 3 home really designed for back out of this week's home vestibule with a closet on bothiyarq living.

the inside is

The

flower box, and two porches all clear through make the exterior attractive and makes this part seem extremely The fireplace with book built without the garage if the lot shelves on both sides should ap-

spacious,

4-0

like.

the

was too narrow to accommodate peal to most people.

Sales for Week .. Tota $685,129

Forty-three sales were listed in report of the North Side Realtors, Willis Adams anTotal value of these transactions was $685 125. The, sales Norman L. Oxford St

this week's Associated chairman

nounced

sales

GARALE

Hammer 3805 N

Fred T. Hill -3312 Brouse Ave Uptown Realty Co.-1211 E 49th St. and 732 E. 33d St. A. H. M. Graves, Ine. 5620 Crittenden Ave. Forest B. Kellogg—560 E. 81st

. } ! | | | t

St.. co-operating broker Gregory & Appel Fieber & Reilly nois St. and 208 W. 44th St Butterworth & Co.—6365 W 11th St., Rosanna Village, Fort- LL ville, and 1828 E. 65th St. Haynes Realty Service Randolph St. 2002 N. Talbott Ave. 2739 Guilford Ave. 1129-31 W. 31st St. and 4933 Brouse Ave. co-operating broker Walt Veon. John Max 5920 Winthrop Ave: Robert E. Walker—744 Sherwood Dr. Gerdenich Co.— Ford Woods

2668 N. Illi-

| {

— - "Fr re TE

1609-11

Inflation Can Be Beaten By Buying Home

Money invested in single family 1313 Eugene St. homes affords one of the best . 4007-9 Central hedges against inflation, writes

The kite

Fill in mail to Scale Model Home Planning Department,

The Indianapolis Times,

hen and utility

Using Poem

gen

Pining Voom

x Tw.

he 2 Bedrooms, But It sa Large Home

living dining area extend house which

room

Let's take a little trip through are well planned and the Kitchen

-

The two bedrooms are large

and both have @ross ventilation.

The: master bedroom has two huge wardrobe type closets with sliding: doors. The bath is conveniently located for household members as well as guests, As stated before this is a lot of house for a small amount of money and if you like it and it suits your needs complete build-

ing blueprints and specifications

are available,

#168. ]

Do You Like This House?

this form,

inclose chéck or money order

AT-1352 L

Open Mon. & Fri.

Ave,

Hall-Hottell Co. -

6210 Parker

Ray B. Westerfield in the October issue of the Appraisal Journal of

LINOLEUM, ASPHALT, TILING, VENETIAN BLINDS

ED. J. HAHN

2716 E. Michigan St.

IM-5591

a

WELL DRILLERS W. D. CLARK & SON

1429 WOODLAWN MA-9003

mm mms = For Information Pertaining To These Houses and Lots In the Addition

CALL

-

5730 N. Oxford St.

Ave. the American Institute of Real Hugh Teeters Co.— 5811 Hillside o

Ave ting broker Evan cstate Appraisers. Ave. co-operatin oker Evans- . . : fil < + Bromert Co. - Dr. Westerfield, president of the

F. C. Tucker Co.-—108th and First Federal Savings and Loan Bellefontaine Sts. eo-operating Association of New Haven, Conn., broker Fred T. Hill, 6261 Windsor znd Professor of Economics at Dr., lot 69 Windcombe. Yale University, presents a very William 1. Bridges timely article on “The Effects of Inflation on Savings and Real Edgar Brodbeck — Indi- Estate Values.” anola Ave, One of the" most significant and The Spann Co. Inc.—735-37 E. far-reaching effects of inflation, Minnesota St. according to Dr. Westerfield, is Willis Adams 16th St nd ts impact on savings. The loss ' : = he dollar Springmill Rd in purchasing power of t phew FF. Carson. Co. Lot sdved is not compensated for north of 56th St. on Meridian Te either by the current interest rate

id on saving deposits or by Bruce Saypge Co.—5538 Broas pa : way, 6920 Park Ave., 3816 N. New earnings of government bonds.

& Son-

3505

. . He points out that the “douJersey St, 1610 N. Euclid Yo pling of prices the past dozen 2834 Questend Dr., 31 W. 36th St, 'vaars has confiscated more than

5893 N. Delaware St. co-operat- naif the saving deposits of 1939

ing broker Gil Carter, 5735 Indi- and large portions of the savanola Ave. co-operating broker ings of every year since then.” American Estates, 6676 W. Wal- In inflationary periods, Dr. ton Ave. 3432 Forest Manor Ave, Westerfield maintains, financial 128 W. 73d St. and 1129 Ivy values are reversed so that the Lane. " forms of property ordinarily deemed safest become the most

O. D. PATRICK, Owner

HI-4285

GRADING and DRIVEWAY INSTALLED BY

RAY BOLANDER

SEWERAGE SYSTEMS AND GENERAL STREET EXCAVATING AND GRAVEL

Noblesville, Ind.; R. R. No. 5. Ph. Mobile Service 3A83663

ROOFING and SHEET METAL WORK DONE

REESE ROOFING CO.

DRTH $ M 2 HARDWARE Inc. Sot a Lovmmsisnidy of Beasuispd Pome

«ve + BR-5454 sivas veees.BR-6863 ..BR-0415

N. Keystone at 52d. Nora Branch Castleton Branch ....

WIRING BY

BR-5486

The New Patrick Homes Feature

Nationally known

MENGEL Deluxe Kitchen Cabinets

and

FIREWELL Aufomafic Oil Healing Equipment

Furnished By

INDIANA DISTRIBUTING CO.

2131 N. Sherman Dr. CH. 2439

PLUMBING INSTALLED

CHRIS GREINER PLUMBING CO.

4220 E. 10th St. : BL-4639

ACE ELECTRIC CO.

1400 MILLERSVILLE DRIVE (H-1453

&

*1,000,000*

Ee. T

— ’

29-—on the North Side of West 66th St.

Three bedrooms 1 and '2 baths 2-Car garage Fireplace

Hall-Hottel Co., Inc.

127 E. MARKET

Two porches

a SEE

MA.-8581

wma First house EAST of Rood 421—The Old Michigan Road formerly Kool time

OPEN TODAY 1-5 P. M. Morning Preview, 11.12

Lot 200° Frontage, 300’ depth Price—$18,500

Meridian Mortgage Co., Inc.

TO LOAN FOR

Remodeling Repairing Your Home

For COMFORTABLE LIVING

Use Our E-Z Pavment Plan

Call the Lumber Number, MA-2419

{ 1 {

CONTINENTAL

Lumber Co., Inc. Morris & Harding St. MA-2419

Mr. Turpin on Premises

1143 E. 54+h St. | 3

JTraanspalis 9.

Building plans and specifications; first set. $7.00 How Many? Additional sets on same order, each for.... $3.50 ..... cianan The Portfolio of Sixty Small Hotes. seanesoPR00 0 Liens rene TOTAL ENCLOSED (Small Home No. 188.... ...icivivees NAMe ...iseverviranivesss . Sever anseaavees Arassrnseces renad AAress ...oscecssvissincennnrs Brrr sasrEnstrat ras snus aes CY soiiinnrrninses Fevaebnsna ny . «BUBBLE Loni iidn ncn inn ‘een hazardous; and those . Teparded as other forms of intome rise fairly

speculative

circumstances

in normal

may become

soundest investment.

He states that

financial

the

in such periods

it is desirable to be in debt for the debtor pays interest and repays principal in dollars of less

and less purchasing power,

suming as that

wages,

asis generally the case salaries, profits, and

~losely together as inflation proceeds.” It is Dr. Westerfield's opinion that to safeguard savings it is necessary to put them into “something that rises in dollar value consonant with the general price level.” and one of the best sources is real estate, particularly single family homes.

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In

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Smartly styled console in genuine mahogany veneers mounted on

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BLALK-DAYLITE TELEVISION

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ILLINOIS

FJ d00.Y 1 de FURNITURE q

A Fatal

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lllinois Street Store Opes Every Evening

SIMMONS

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He

It'll B In Tol Hot E

Suburban ¢

The mo weather h reduce the in the city in other citie row. The Weat below-freezir to 28 degree with snow other Indiar better. The Weatl the accumul: and tomorro ure 2 to 4 i Bad weat! vote estima which had to 140,000 o voters regist Vote Some elec there is sno the turnout 120,000. Municipal in 103 Ind towns. The Democratic publican ma Previous | was in 1927 stuck at 38 Spee The bitte for election ¢ and nine cit up during th a series of minute appe: Indication: will hinge small majori gin being es and 10,000 ei The eleve campaigning with the loc tion of Fra dianapolis | Democratic Mr. McKir Washington apolis Dem for a big Bayt's mayo Mel Democrati McKinney's manship spi paign consi victory tomc Republica: McKinney's the campalg “proof of national iss the election Republicar day Judge mayoralty 1 morrow by The polis * morrow and The outco! by unofficial machines a: tomorrow

Clark | Lead ii Poll by

Judge Ale over Mayor final tabula Straw Vote Judge Cla of all votes Bayt polled increase fo noted In thi per cent of and Mayor previous ms The pe follows:

For Judge | Republica For Mayor Democrat Straight Re lean Vol Straight Ds cratic Vo Republicans Democrat Democrats publican No Party \ Indicated The tabu! in one day percentages 58.9 per ce 41.1 per cer Votes, 37. Democratic Republician 125 per Republican no party v cent. The Tin Mayor is prediction row, It's record and political tre can draw | Names ceived Tir Mayor car the City Di represent bracket an City. Vote Tot

LOCAL 8 a m. 7a m. 8 a m. a m. Latest h