Accounting

News Story

With the availability of credit for use by the American consumer, the ideals of saving money for future hard times has seemed to have all but vanished. The average consumer can now even play his or her cards on the stock market as only 10% down is required to purchase stock shares, with the other 90% easily financed by a loan from a broker. It is estimated that annual sales of clothing in the amount of $140,000,000 is sold through the credit plan in the united states alone. Even big ticket items such as cars, washing machines, furniture, and vacuum cleaners can be purchased on payment plans. As this nation is continually gaining momentum in financial stability, the home mortgage system is exemplifying our constant growth. Just a few short years ago, the average American worker would not have been able to afford purchasing a home for his family, but now with newly introduced home mortgages, the dream of owning a home is now within reach for many working class families. Let's take a quick look at how Sears Roebuck & co. is making the dream of home ownership a reality. First, not only can a buyer purchase the entire house and furnishings from Sears, but Sears will also finance the purchase with a home mortgage. Second, Sears owns the entire fabrication process from the lumber mills to the doors and windows factory. Houses sold through the Sears catalogs are shipped directly to the buyers by railroad. The mass of materials typically require a community with a rail siding where boxcars can sit while waiting to be unloaded. The precut materials are numbered and assembled according to a plan book, like a giant model. There are currently 370 various models of homes that can all be viewed through the Sears catalog. Not only are the frames for the homes shipped and built according to the manufacturer's instruction pamphlet, but also the inner workings of the homes such as plumbing and water pipes. Here's an advertisement for all you readers from Sears themselves.

Make your Dreams Come True! Realize the independence, the happiness, the comfort and the economy of living under your own roof. Get YOUR share of contentment for yourself and for your family that comes only after you live in a house of your own. Get away from living in cramped apartments and flats and know the joy of living close to nature where your children have a chance to play safely next to friends and neighbors. It is now so easy to own a home! Thousands of people are living in their own homes and enjoying them while they pay for them on a monthly basis. Instead of making your landlord richer, why not pay for a house that one day will be yours. Select your home now, form over three hundred designs. Each house is designed by experts and is backed by our satisfaction guarantee. Come in to your nearest Sears location now and pick up a home booklet.

Those words from Sears basically sum up this entire article. Credit