New-York tribune., 1869-04-10
REAL ESTATE.
Nrw.YoRK. Friday, April ., 1909.

NEw-YORK, Friday Aprll " ieo"
A. IN o'clock tomorrow there is an auction
sale at westneld ~ j. the Central RaiEoad O ''V
building lots Ii..a ...lH . ~. Mn the
Topography wealth. and SURROUNDINGS OF the' "a -
ton will We think confess to some dinieuity m ~
ing for the low value OF real estate IN 'na' ~ ~ -
pared either with New-York or chicago Inv "No1"so
wealth TO each Jnhabtant OF Dos'On eNNvoue '1NS
tbat of this CITY and is vastly greater thao
80 :. cu,oa,o Roston is also q prosperous and
onIdlv Growing CITY Us foreign commerce is greater
tap mat ofny other city In the country, except New
York The quantity OF unmproved properly IN inc Guy
ard burbs in the market for building lots proportion
nfely much smaller than with us, or with the Chicago
eonc why then should not real estate be as high in
1,oston as in New-York Chicagoi We confess
we arc unable to give satisfactory answer
10 this question Taxes said to be somewhat heavier
in Boston than they here Boston horsecars, how
ever, inviting than our own, and IN order
that the front platforms may be always available Tor
ladies' smoking strictly forbidden 10 those individuals
who would willingly face east wind and showers OF
mud could they be permitted this alienation OF hcr dis
comfort The most probable explanation OF tAo
anomaly is, In the case OF New-Yofk 'ns'
here moro people, in the fullest accepaon Of the & MO,g
in NewYork Is aont l6 while in Boston t is only nn
1t is true that tho high average OF Eew'1Grk asde
up mostly Of people who could not have house 70 ,
selves even If houses were as cheap s .e notLinc
90 the effecfye demand for houses other lnah tcuc
ments Bnt the tenement house population lnnuehVe ~
another way tho price OF houses for single lanes NJ
body wishes live in those parts OF the cry weIe
uent houses predominant, and 50 a coslscFaple lusl
of houses which would otherwise eohIr!Dnte
10 supply the demand Of faInihess OF HHheT
class than the inmates OF tenemens are
made unavaIlable for their purpose. Then, IN
tho second place the boarding hOuse population OF New
York Is enormous cepsus OF the bUardinRhouses ana
hotels oc0npied by permanent residents OF the elty
wouId asOnsh the inhabitants OF Boston, Philadelphia
and Chicago, II not our New Workers.. IL at the
me time the prices paid for board and rooms were in:
cuded people would longer wonder at the charges OF
DelmOncO and the tariff OF the BreyOort House.
Many OF the families who now paying Tor
board and lodging which literally exhaust their
incomes. would gladly take houses il they could get
them on reasonable terms Many single men VINO
shrink from ineurFng the responsibility OF marrying,
abandoning the perous life Of bachelor, wond 1--we as
TO have intended they should. We are fr
from aserbng perfection in these respects 70 Boston
All the evils which merely allude 10 incidentally IN
tins article all there, though 70 much less extent
than in NeW-YOrk. -
to Chicago where real estate is expected TO rise like
thermometer on hot GOALS and where the market -
dun unless lots so up 10 per cent every iOrtnlght
tye can se5 no solid basis Tor the hgh
prices OF property, especially in those parts
OF the city which have not yet passed beyond the o9
cabin stages There exists parallel between tne sae
OF things there and here They have unlimited room 70
spread themselves railroads running 10 the very
Heart OF the city and branching out in every decloD,
cheap lumber, brick, and stone and great skin III NOV
ting 6oases that nothing is lost by tearing down s