THE PRESIDENCY: The Hoover Week: Oct. 6, 1930

"It is easier to borrow 85 percent on an automobile and repay it on the instalment plan than to buy a home on that basis. . . . The whole process of purchase and finance involves a ceremony like a treaty between governments."

So declared President Hoover last week to members of his Home Building & Home Ownership Conference as he officially started them on a survey of the National Housing situation. The President's chief aim: easier credit for home purchasers. ¶To the White House with many another oldster learning to read...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!