Payments on $3,000 B. & L. Shares at
1/2% a month or 6% a year (savings) $180.00 a year
Interest on $3,000 loan at 6% 180.00 " "
Interest on $1,000 cash at $% 50.00 " "
Taxes (vary locally) 75.00 " "
Insurance 5.00 " "
Upkeep at 1-1/2% 60.00 " "
————
$550.00
Of the total income of $2,000, the $550 represents 27-1/2% divided as follows: 18-1/2% for rent; 9% for savings. In about twelve years the loan is paid off, and the home owned free and clear.
Zoning and What it Means to the Home
By DR. JOHN M. GRIES
CHIEF DIVISION OF BUILDING AND HOUSING, DEPARTMENT OF COMMERCE
Zoning helps home owners by establishing residential districts from which garages, and business and factory buildings are excluded. Apartments or houses covering more than 30 or 40 per cent. of the area of a lot may be prohibited in some sections. This all means a better and fairer chance for each family to have a home with enough light and air, and healthful, decent surroundings, near to schools, playgrounds and transportation facilities.
It may be added that zoning, when wisely carried out, provides for grouping of neighborhood stores at convenient points, and for guided growth of business and industrial districts, in the directions best suited for them.
In the words of the Advisory Committee on Zoning appointed by Secretary
Hoover:
"Zoning is the application of common sense and fairness to the public regulations governing the use of private real estate. It is a painstaking, honest effort to provide each district or neighborhood, as nearly as practicable, with just such protection and just such liberty as are sensible in that particular district. It avoids the error of trying to apply exactly the same building regulations to every part of a city or town regardless of whether it is a suburban residence section or a factory district, or a business and financial center.
"Zoning gives everyone who lives or does business in a community a chance for the reasonable enjoyment of his rights. At the same time it protects him from unreasonable injury by neighbors who would seek private gain at his expense.