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Show Friday, Much 8, 1996 The Dally Utah Chronicle The assumption made in this example is that the homeowner already had owned and developed the lot, that a conventionally built house would have cost $100,000 and be financed with a $90,000 mortgage at 7 percent for 30 years. Davey's company has worked out three different scenarios, all of which are matched against the cost of a conventional $100,000 house and are adjusted for the future costs of units, EBusiness from page 2 this area near Storrs, home of the University of Connecticut, designed the first unit of 225 square feet to be expanded gradually in a logical, organized sequence. As each unit is added, and paid for in full over the eight-yea- r period, the house gradually assumes its full dimensions. These are the steps: 1. The first unit, which includes ly parents, unmarried children, domestics or guests, so long as utilities are connected to the main house. After the house was described in Automated Builder, a trade magazine, Davey received 600 inquiries about its possibilities as student dorms, vaca- tion homes, motels, campgrounds lodging and ski resorts. JOHN CUNNIFF AP Business Analyst inflation, shipping, foundation and assembling. Scenario one, trie example cited, assumes ownership of an improved site with septic and well installed. Scenario two assumes land is owned but not improved, and that a small mortgage is used. Scenario three incorporates the cost of buying and developing a lot, plus a larger mortgage. Davey's figures indicate that in addition to owning the house and land, the follower of scenario one would have a bank account of $380,878 after 30 years, based on a 5.5 percent annual return and 3 percent inflation. The second scenario would would produce a bank account of $288,628, and the third, $208,642. Where did the money come from? Mainly from not paying, on a big mortgage for 30 kitchen, bath, living area, sleeping area, and loft, is purchased outright with the funds that would have been used to obtain a mortgage on a conventional home. Like the three units to come, this original unit is manufactured by Davey's company, Hom4Me Inc. and shipped to the site for installation. 2. The money that otherwise be used to pay on a mortgage is put into an savings account. 3. After 18 months you would have saved enough to double the size of the home by purchasing the addition. 4. After another 18 months, sufficient savings would have been amassed to buy the next unit, a family room. The addition of this and other units gradually change the design of the house. The bath area, for instance, interest-bearin- existing homes to accommodate elder- g Getting More Car for Your Money So you'd like a great 4x4 for the weekend, or a sports car that's fully loaded, but you can't afford w hat you really want to drive - right? Don't, be too sure . . . Consider a Used Car. Buying a car that's just one or two years old could save you thousands of The three analyses are available is enlarged. 5. After another 18 months, enough has been saved to purchase the final addition, which converts the louse to three bedrooms. . Fifty-fou- r months have passed and own a now home, you value in to a conventionally built .equal quality used cars still carry the manufacturers warranty. So if you're willing to buy a car that's 'new to you', maybe you can afford that car you've always wanted! 875-142- three-bedroo- The money house. It is mortgage-free- . that would have been used to pay a mortgage goes into your savings offering used car loans at fixed interest rates as low as 7.50 APR. And when you sign up for payroll deduction your payment can be made don't even some cases, these from Hom4Me Inc., 387 Merrow Road, Tolland, CT 06084. The telephone number is 860 While Davey is ready to ship, he recognizes there may be code and zoning restrictions in some areas, but he feels the benefits of his concept, and the needs of society, eventually may cause limitations to ease. He suggests that even without such changes, the units can be placed near The University Credit Union is currently automatically, so vou dollars. And in years. Borrow From the Best. have BEDIM as low as 750m mmm to think about it! Why Not Apply Today? There are four University Credit Union offices on campus and vou can apply in minutes! WmiveirsuGv CR Health Sciences Building 521 V Med. ('.enter EDIT UNION Annex Bookstore Research Park 1129 Annex Bldg. University of Utah 540 Arapccn Dr. account. If you continue to save that amount over the period that you would have been paying on a conventional mortgage you will significantly increase your wealth. 30-ye- Bennett from page 2 Bennett was the choice, and he traveled at Dole's side for the past two weeks through South Carolina, Connecticut, Rhode Island, Massachusetts, Maine, Vermont, New York and Georgia. "Dole is surrounded by staffers who are 20 or 30 years younger than he is," Bennett said. "A staffer doesn't have the courage to walk up to the majority leader of the Senate and say, 'Senator, I don't think that line quite worked."' Bennett could, and did have his say. "There were several times where we sat down and critiqued his performance about what worked and what didn't," he said. "I found that Dole is very open to . taking suggestions." One key suggestion Bennett and other senators made was that Dole throw away prepared texts and talk more from the heart, guided by a few notes. talking-poin- t "He doesn't read speeches very well anyway" Bennett said, adding the more comments better show the Dole! real, witty "If the American people come to know the real Bob Dole, they will find him enormously appealing." Bennett said Dole's changed style and advice from his friends were only one of many reasons Dole's campaign turned ff around. Other keys he said included that Dole has solid campaign organizations in all primary states, while others did not . "Maybe you can spend $4 million on TV ad campaigns (as Steve Forbes has) or give fiery speeches (as Pat Buchanan has) to make a difference in Iowa or Arizona," Bennett said. "But when you have eight primaries on the same day ... that you better have a solid organization simulactivities" forward can move your taneously in all of them. Dole did." Bennett said he will take turns with other GOP senators in continuing to travel with Dole. He expects to hit the campaign trail with Dole again next week. , TAKE ' A SREAR Wflltl WE FROM STU91N6 CARE FOR THE BIBS! The University Child Care Coordinating Office in conjunction with the Early Childhood EducationCenter is sponsoring an evening of quality child care and fun activities for children of University students ages tasks.) (Two year olds must be completed with 2-- 6. toilet-learni- ng SATURDAY, MARCH 9Til Early Childhood Education Center (East Village) p.m. NO COST To maintain proper ratios, children must be registered before the event date. 6:00-10:0- 0 SPONSORED BV ASUU To register call or visit: The University Child Care Coordinating Office 316 Union Bldg. 585-589- 7 5 |