Home What Will Consumers Buy? New Products and Consumer Preferences Mortgage on America: Santa Clara County, California Explanation of Mortgage Terms Kinds of Mortgages Alternative Mortgage Instruments / The Adjustable-Rate Mortgages: Lending Terms Types of Lending Institutions What the Housing Consumer Wants Shopping Centers and the Chains New York: Fifth Avenue Shopping District College Savings Methods Loans versus grants for university education Managing and controlling money in marriage Preferences for Insurance Services How Does Your Credit Score The Perceived Risk of E-Shopping The Cost of College Foreign Enterprise in Florida: Land and Real Estate Nonprice Factors in Choice Decisions The Measurement of General Price Changes Workingman's Wife: Dollar Decisions The Economic Position of Home-keeping Women Have Home-keeping Women a Full-Time Job? The Family Income Today The Cost of Living and Its Effect Upon Real Income Business Without a Buyer Is It Possible? Life Insurance: Policy Contracts

Explanation of Mortgage Terms Home A "home," for census purposes, signifies the abiding place of a single family, and does not, therefore, necessarily denote an entire dwelling, which may house a number of families, as explained below. The inquiry in regard to tenure of home was made with reference to each family enumerated, regardless of whether it occupied the whole or only part of a dwelling. Thus the number of homes and the number of families, as shown by the census reports, are identical. Owned home An "owned home" is a home occupied by the owner, i. e., one owned wholly or in part by the head of the family living in the home, or by the wife of the head, or by a son, or a daughter, or other relative living in the same house with the head of the family. (But if the home is owned by a lodger or boarder who is not related to the head of the family occupying it, it is treated as a rented home.) Rented home Every home not owned, either wholly or in part, by the family living in it is classed as rented, whether rent is actually paid or not. Mortgaged home Every owned home which is not fully paid for, or upon which there is any encumbrance in the form either of a mortgage or of a lien upon which judgment has been had in a court, is treated as mortgaged. This applies only to owned homes and not to rented homes. Tenure The term "tenure" indicates the manner in which the property is held, i. e., whether owned or rented. Family The term "family," as used in the census, has a somewhat different application from what it has in popular usage. It signifies a group of persons, whether related by blood or not, who live together as one household, usually sharing the same table. One person living alone is counted as a family, and, on the other hand, all the occupants and employees of a hotel, boarding house, or lodging house, if that is their usual place of abode, and all the inmates of an institution, however numerous, are treated as constituting a single family. Dwelling A "dwelling," for census purposes, is a place in which one or more persons regularly sleep. It need not be a house in the usual sense of the word, but may be a hotel, boarding house, institution, or the like. It may represent a room in a factory, store, or office building occupied by only one person, or it may be an entire apartment house, containing many families. Moreover, two or more families may occupy an ordinary dwelling house.