HOUSING: For the $50-a-Weelc Man

As an ex-Chicago realtor, Federal Housing Expediter Tighe E. Woods can sympathize with landlords caught between frozen rents and swollen costs. Woods also knows that rent controls would be unnecessary if moderate-income families could get decent houses at decent prices.

Last week, beefy, blue-eyed Tighe (rhymes with buy) Woods invited newsmen to his air-conditioned Washington office and shyly announced that he had a surprise for them: he had built a house to sell for $6,750, including a ½-acre lot and a septic tank. Explained Woods: "I thought it was about time somebody...

Want the full story?

Subscribe Now


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!