An Auction As Seen by a Boy

HELLO FOLKS – I took three of the children to the sales barn the other night.  The next morning their mother asked Dana (8) how it all was.  

Here is his reply: “Oh, they had a lot of stock there and a lot of people. But the auctioneer talked so fast the people couldn’t understand him; so they finally got tired and went home.”

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A young man spends most of his time between 12 and 21 waiting to become his own boss, – Then he gets married.

“Andrew, why do you always sign Sammy’s report card with an X?” the wife spoke up testily. “Because,” came the reply, “I don’t want the teacher to think that anyone who can read and write would have a son like that.”

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Congress has just passed a housing bill that gives purchasers 35 years to pay for their home. I believe the interest rate is 5 or 51/2 per cent. This bill is supposed to be a help to the middle-income families. To my way of thinking it is reverse economics; just as are so many of the things government does.  

Experts in the field of finance have boiled the problem down to a pretty definite solution. It, amounts to this. A young couple just starting up can pay for a new house that costs as much as three times the annual income of the wage earner. Therefore the man who makes $5,000 dollars a year can afford a $15,000 house.  That house could and should, for sound financial reasons, be paid for in 15 years. 

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