New-York tribune., 1875-02-08
THE DEPRESSION IN REAL ESTATE.
INVESTMENTS AT THE PRESENT TINE SAFE AND WISE

INVESTMENTS AT THE PRESENT TIME SAFE AID WISH
WHAT MAY De EXPECTED FROM A RETURN OF
COMMERCIAL PROSPERITY.
TO me Edttor Of Fhe Tribune.
SIR: 1t is now three years since there was
any active demand for real estate in New-YOrk CITY and
It, vicinity aud holders OF that kind OF property are all
auxou,ly nquring long the decline is to continue.
and when II ever, will be turn IN the market
This subject necessarily closely allied with the pros
pcrIty OF city. L. has been SAID New-York has
M greatest era OF prosperity, and lis business
now mlny departments. helng gradually Transferred
other pl4ccs II Is Olkaly that many more dwclhng7
factories or storehouscs will be required. But IT, rs ap
pears to be more generally believed. the present only
one " those periodical snverngs and shrinkiugs which
the business community has had 20 suffer every fifteen
or twenty years from which II has ALWAYS hereto
fore arisen with renewed Lealh ana vlgOr pushing for
ward prosperity until its business has far OutgroWn
anissister cincs tnen 1t may be expected that at
colnparativey early period real estate will oo again
sought for as an investment To forecast just when this
" DE-. we must first consider what has heretofore been
The leading cause for activity tIis KIND OF property
This wa clearly n0thiue Oher than the general prOna
ulenes- OF business pursuits IN ana arochd N'"-l'A
P1orl, who al acquainted with the real estate
business OF past years know tlat IN favorable seasons
revival OF bushes, always began about this season OF
the year The business and professional men OF AL par
SUITS IL making up thelr counts OF the years pr
,n losses al lts close generally found some balance OF
Or fl varying from hundreds to thousands OF doiIAr'
as the annual gain. wIich they sougAt 10 invest !"
stocks. bonds MORTGAGES AMI real estate creAtln@ ID
tnat way an activity the market T-eFe nave Deeh
for many years past only occasional exceptions 10 ms
course as Tor few years f1Jwns the pinIc' OF lo''
1851 ana for ths past three years Tho consequence nus
been an average continual growth Of the ciiy anu an IN
crease OF the value real estate ID and aFodhu H. Las
trader who htd drawn slOO)0 from his business ana IN
vested It in eligible lot, around New York found alter
year or two no licHty ID ceiling the properly 0'
price paid hm good annual interest Oh MS outlay
ana this instead Of aiding 10 sal' OF H. was 'n III
duremep: 10 make fur1hcr Investments As he coi4I IL
f,rt M ch traer In the past three years great
cb,nre ba. been seen NJt that the real estate hds
chang a. or is desira Oeness In le long rdu ~ III III
vestment, but the manuflctufer'' ihp'''oi'' JUICE
retailers and all at the en- oI eAcn year 'n'o
lS7l on making up ther records OF ILe yen "-'.
have found no gam but contrary too oIJeh tA7
result been lIss ald instead 0t there oe'H@ '
era, mill Ok doll a. the close Of each y'A IOuI
THIS source 70 invest IN real estate, the current h IT,
y,rseI. and MANY business men wOnIf make cOisl"el%
bI. sIcu1 former real estate nve'imcuts TO rhrS
money Ike good their decreased chWt-L /" prove
ms & Is I! & f TTcrs % ~ firms i,f Snug ing
br.vcly for or tyO n the lace or cnormoI7 OsHtS
Ia t a. , r ti- f,toJ VIM, Il loss TO thrm,ri We, ana
knowing 10 bs tne case with 50 many respectable
h-nls 10 ot probable those who All! sand aud
pay m made any gains IN theIr husiItos duIlhS
;.. same period. Iuuert, KuOwn that many nave
sustained themselves only by tue sale OF securities pu
c..sed prosperous times, nus increasing aic
depression III class Of property. An inquiry IhO
the cau-e fOr the past three years % d'NcTse
business Is pertinent lnd the writer "ouli D.
glad tu tlcI iIrd DY more lul llscs'i0n thAn H
nIs mad I'D oar auIiy JoIngI' AssurrIy ths cau-r lies
drrp.r tlIl the m.r' uo'-r 'hV-ru'uy 'i o cIIIrv,
mo = @ curfc.rY tIt has OcrI very stable III yaIAc
now .or tn" past -.N JrtF-.
Bu. w.ut y.r .c ,u,r FOR this we can expect no IN
creased dc.n,AI house. aud lands IA dHi around
Neg Yora, uI.I reJt"r pr.sp.ri.y attends the maAh-
4cIr.E and mercantile 4ncr'S ~ here We need i-ri
no l ru IOr tue estate II his prosperity
once .ln returns. r4-rc nave been 7lin r -rIS pI ne
prr-.Iuu " Zen N Ms see utd Almost Ftiut-
-s, uu. w.t. return Commercial pTJ7p rly u our
c.y tAu.e had sJcriuccL their properly Iouhd
tAeu.. Ives dispose Of u 80 prices equal 10 thHr
expcct 4i!0ns. D4Icr ctZ Hs VINO can rcineAiDcr
-lu. oi Wuit c-I'1 the Wild ana visionary In
vc- nrats 1856. also rcurnDcr that any
of tItm wOu. brought ,lcr cost LHd Iood ILL.,
t-r-.t In 49, 80 ile may be 1id OI HVrS--
urujs ua.t lIer period, which. 1AouEh oohhg
very uupr0- fiar the panic OF 415I -hl on ufOuSA
enc irs years eventually proved fortunes 10
Ir.r .OI .er-. TIE Ulll Wl'h Inc same may
be La Oi Iny+5,.u-ut> ul.iIs 1865, 1872 Aud 1910
A. tle iverlss OF grOW tAls city, oY ihe year
- a. now Only generation I'll, tne cry VIII he D"t
~ sol. ly II .IfI RIVER, irs overflow extending
aIO..4 on D. .Dl3 ground qlte cOmpae ~ To all points
WiJhu ten m.I:s Oi the CB HIM And there l. uOhing
tu4l parent wItn fanny yJuh- cu4 lreA can to-day
c.Adrrn not - iuavl tAan IN real esLtto III ana
around NeN-Y0lk cry. Tue dIncdly 49, JUS. now, 10
nnI -III, 90 uy ~. . H. l.
lrr.