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Show I QGDEN HAS BASIC CONDITION I I DEVELOPMENT; NEEDS MORE I PUBLICITY, IS REALTOR VIEW President Rasmussen of Guaranty Mortgage Company Gives Review of Experiences on Pacific Coast; Has Greater Liking for Utah Climate After Visiting Three Other States; Makes Arrangement? for Financing of Home Building Here; Would Have Scenic Beauty Revealed to Tourists II Returning from n tour of the Pg 5 title eoaal and Investigation ' real J estate condition? Iij mi of the larger if . : I? l throe slates. Carl I'. Has II niussen. presit'.eni of ihe Guaranty $u Mortgage company, declared yestei If day that, while I lie cities of the fljj ooat-t are wonderfully proeresshe- he jjn mid reasons foT renewed confidence 13 in Oyden- crenier liking" tor Utah II riimnte and belle! thai this city and II jtatc win have cnjaei- progress ii' IE Che n. hp future than eer b nm jf I f While on his roast tour President dm i. Lamm sen made arrangements with m California financial homes which as- A iuro the piarinB or considerable jjf i ,-, in oedt-n home building, un ffi fler plan- to which the would-be S h.me Owner i- able to make mall IF initial payment, followed b monthly fij; payments upon a house built to his Hhing, EL "In i he five weeks that I have Dl hen -.way. I have visited Seattle, nj Portland, San Francisco, Lois Angeles Ifj and San Picgo and have studied the ffl eondition- BUrrounding the real estate j business In each one One greal big if factor stands out in all of these, the $ people ire bnvine homes, iher la less III r. nilng than formerly. LUMBER PRICES LOW "Seattle had an enormous growth 11 during the war period and with tie 1: tnendoua salaries paid, the bank deft de-ft posita piled up 36 to 10 per cent j above normal. Now they have shrunk Mi back to prewar days. The lack of ill market for cannerv products has also .:;. affected the city. But there arc not ' suffieienl homes there. Prices are i much higher there ihan in Ogden, 20 ,'j J to 20 per cent more for dwelling J.'l houses or for apartments. The lum- Wj ber industry is waiting for more Bet t tied conditions. No doubt the price . of lumber Is as low as it will be for -' ' bi me time. There is good opportunity l for building houses at almost pie war pricea. I "In Portland the people were more I conservative during the prewar pe- riod. They didn't reach as far In the 'boom' period and are in better shape Hl financially Portland has a home I.J' scarcity; meetings arc telng held II' there to devise ways and means of I i building houses The best method ihev have found is through building I jj .ir.d loan companie s furni.-hing money I ll io be repaid on the monthly basis I They give very good terms ronsid- arable new projects are In ght in Portland, hui pricea an -'ill higher i than In the Ogden district, especialh un land. What ou would pa) MOOfl to $1500 for here eos:s $2600 to $SOO0 there SAN FRANCISCO'S NEW PLAN ' -Th' conditions m San Francisco are good. The banks report a blR de niand for mone , Indicating 'he build inc and commercial progress. They i : . -, - n;ili7.pil the folly of buildine buildings on top m each bther and have tunneled Market street through Twin peaks Btattlng a new residence district nl beautiful home", with paved Btreete. garages on each prop -rt. schools built "n th' group plan Dwellings of Ogden Worth HOOoO would be between tVL, I and 116.000 oh this property. TbeJ !i " on rea -..liable trims These houses, by the v ay are no' as substantially built as those m Ogden. The grounds are very line, the dlsiriei of 500 to 1' acres IS dotted with new homes San FranCiSCO has a scarcity of places for rent and consequently a big demand The price or lots varies from $10,000 in $15. A pri f $ioo to $800 per front foot h not unusual in some district.- and i-" considered reason able. Th- old race track is entirely covered with modern buildings. i "Los Angeles has a most notable construction period, enormous buildings build-ings are goini; up and everything i nis to b- in ood shape financially. The modern homes are of the adobe plan, ih- old Spanish ideas being used. Concrete walls of the old style surround these homes. The price of lots from 10 to 15 miles from the city center is frequently from $2 to $6000 The people build their j houses largely on the monthly pay-in. pay-in. nt plan. The system seems to be to eacb have O home and a garden spot. It would be well to adopt the plan In )gden. everyone own a home purchased on small monthly payments. pay-ments. I made some financial con nections in San Francisco and Los Angeles through which w- will be able to place some money here on 'he same basis and by which we can se- icure these latest architectural ideas, too. As in San Francisco, the people of Los Anpeles do not budd as sub- jstantially as we do here. But the prircs are considerably higher. Lots are three or four times as much in corresponding locations. One th iu- ! sand dollars Is a very low price for ; ! :i lr.t in .mv resident Inl section. Rents are 2o to 40 per cent higher they are almost prohibitive HOW ADVERTISING PAYS " Los Antele.s has certainly gained from persistent advertising; and on that Utah has been dormant They have lots of driven down there but we have nicer drives around Ogden If Los Angele.s had Ogden canyon or the basin back of Mount Ogden or had the opporlunitv for a drive along the Wasatch foothills, it would add a million dollars to its- advertising, they would not lorget to do something about them but lelliug the world about the wonders. That's what boosts Lo.s Angeles. When I see the amount of tourists that flood Los Angel and then go home io tell their friends about that city. I see what Ogden could do Ogddh has points that fa: excel anvthing Ios Angeles ever heard about. The climatic conditions are merely a matter of imagination It will be warm one day. during daylight day-light and then in the evening and the next day one must bundle up It depends upon the way the wind blows The climate here is more enjoyable en-joyable ami people of Los Angeles Who have been here acknowledge it. The only advertising of I'tah Is now-tied now-tied to Salt Lake; we have other points of Interest but we must let the people know about them, that's all. OGDEN SHOULD ADVERTISE "San Diego's condiions are about the same as Log Angeles They are building very attractive modern homes there. The man with a farc ilv who does not own a home i- 8 man not worthv of his position in life, according to their viewpoint. Everyone Every-one in San Diego v, ants to own a ; home. They don't give as easy terms !ln San iiiego as Los Angi-les. Ralboa park fa one of the most attractive -puts in the world, a place that nature na-ture and science nave made beautiful That's one thing we could and should have In Ogden; there are several I good locations for such a park. Our Ogden canyon, when we protect bird life and look after other natural beauties of the canyon, will be very 'attractive but we need more of the exploitation of our really beautiful spois and ectlons. "The home que3ton In Ogdon- as I I view il after this trip, is one where i people must own their ow n houses. Then everyone becomes a booster, all become interested in their home city. The tendency to live In apart uients is really a bad system. Homes lis what we need and we have the i room for homes and lots of them, with prices cn lois very reasonable. I With good building opportunities" |
