New-York tribune., 1868-01-20
REAL ESTATE.

NEw-YoRK, Saturday. Jan ls. 1868
Our reports from nearly every large Town anu
city I'm this state with accounts of high rents and
scarcity OF dwcngs Persons intending to take houses
the coming Spring, have been expecting decline ID
rents equent tho almost universal depression IN
trade aud are surprised when they are told rs many
tenants Albany few days that rents Will be
hig 90 per cent in Albany after the lst OF May Bud-
g has not been suspended during The past feW years
but the supply Of houses does not now meet the
demand the other nand, more houses have been
erected IN most OF our towns and cities SINCE
1861, than during similar period at
any previous time and the year 1861 particularly
marked by an unparalleled activity In tins respect bHt
the statistics show greater per centage OF improve
ments during tho past Elk years, consisting OF costly
buildings for business and manufacturing purposes than
ever before Capitalists looking for the most promising
investment Of their money and seeing the great domand
there has been for buildings OF this latter class, and the
almost fabulous rents that have been oered,'haye neg
leoted degree the construction Of dwellings. aud
this branch Of building has not kept pace with the In
crease in population
local writer says OF Hamilton, Madison County: "It
does little singular that village should be 80
crowded many wanting to here to live, and such
high rents being paid and yet few buildings being put
up Rents thought to bo very high last year. but
ey seem to least per cant higher this, and ene
ents very 10 be obtained on these terms even
We canuot say where the trouble Is exactly, but it looks
wonderfully as though those who the building lots
IN the pest localities were holding them out OF the reach
Of those who would buy ind build II lots could be OBJ
tanned AZ reasonable Another reason may be that
men who have capital, have not sufficient public
spirit 10 desire to increase the prosperity OF the
town By their exertions. II somebody else VIII
bnd and thus enhance the value OF their possessions all
right The time, we hope, will soon come when we shall
have a d fferent class OF men here-thOse who will en-
deayor 10 build up the town. and be willing TO risk occa
slonnlly dollar OF their own In 40 doing The compile
ton OF the railroad to this place next Summer VIII serve
in great measure TO make some desirable changes for
1t will be impossible for all 10 indulge In RIP Van WIN
ke sleep within sound Of the rumbng wheels and the
denaut snort OF the locomotive. In the mean time we
would invite the attention of those who wish to make
residence here TO the purchase Of eligible sites and the
erection OF buildings for themselves. They will then
have what they want independent In regard to rens
aud can defy moving days and landlords"
Over 81 OOOOO worth Of buildings were erected In Troy
la.t Jacob has sold three houses In
OF erection I'm Newburgh Mr. Dewitt g. Thompson Of
The following sales at auction were recently
made AT Newark y. J.. lot on the northory side OF
Market-st % feet inches wide and 50 feet deep anu
known as No. o. Mlrket-st, for kl,0o0i lot on
the south side of New-st, 200 feet west OF Hud'
son 80 feet wide and lO6 feet deep for 500; lot
on tie north side OF Thomssst. 100 feet eat OF
Mubeuy-st, co feet wide and about lla feet deep.
for 600 tract Of salt meadow the south side Of
Morris Creek southward from the little island. containing
four aorcs strict measure for So Another tract
lying near Badw ms Pond $50 called containing two ana
three quarter for $40 Another tract lying
on Newark Bay bounded south by eadOwDf David Dodd
and north by meadow OF Lewis Person containing about
eleven acres. Tor ~ acre.
These sales were all genuine and the price" good.