The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-03-26

Some Interesting POIRIs From Men who
Make n Business OF RentinE and Selling.
The condition Of the real estate mar.
kets at any time depends upon SO large a
number Of other interests and industries
that it generally furnishes a first-rate in.
dex OF the prosperity Of q community, In
this city, and toan extent in the entire
State, there are other considerations Of
various kinds, however, which affect the
real estate supply and demand to such an
extent that the market cannot be Justly
taken as q reliable indicator oil anything.
An ISTRLLIoRNCIR reporter has recently
had talks with several Of our real estate
agents with view to learning something
OF the condition OF their line OF business,
and he has succeeded in drawing them out
not only In this particular, but in getting
in general way some new knowledge oil
the particular influences which work upon
the market. Talking with Mr. Alexander
Bone, ST., yesterday, he said that there
was not the same inquiry after real estate
that was generally noticeable at this sea
son OF the year, People seem rather dis
posed to loan money at modest interest on
real estate security, than to invest out
right IN the property, Being asked to
what reasons, he asCribed this state
Of affairs MIR, Bone said the causes
were various, Real estate owners
have difficulty in realizing any.
thing like reasonable return for their
investment. Rents are high enough even
taking into consideration the taxes and re-
pairs, But the laws governing tIAnsaC.
tons between owner and tenant are 90
one sided that II q lessee Is OF dishonest
disposition he can viCtimize the lessor to
the extent Of whole years rent, and the
latter be powerless to help himself, This
Is done, and done repeatedly. Mr., Bone,
though he exercises extreme caution In
renting, has had this experience himself,
and one or two others were bitter In their
complaints concerning the same thing, A
house Is taken at the lst OF April for one
year, without any written lease. 1t is then
impossible 10 Gust the tenant until the
next April, and then only by giving three
months notice. II he fails to pay a cent
OF rent, the owner has no remedy, for the
tenant will claim his exemption oil 500
from attachment; and list his goods 80 that
the amount will cover oil his possessions,
In some instances agents have actually
hired tenants TO vacate the premises be-
fore the expiration OF the year,
This common loss by bad tenants has
the effect, also, OF making the average OF
rents somewhat higher than they would
otherwise be, All our intoTmants agree
In noticing a tendency In renters 10 seek
houses at lower figures. The demand for
tenements ranging from S. to Sl2 month
IL far In excess OF the supply; such, In.
deed, Is the discrepancy that something
will have to be done. Many tenants who
have TO leave their present abodes on the
first OF the coming month, have yet failed
to secure houses, "Flats,b such as they
have in the large cities, ID one Of the rem.
edies proposed, Probably this plan oil
building tenements will be adopted here
before many years. The space for build.
ing such houses as will now find renters
Is pretty we'll occupied, and sltes cost too
much money to be used for small houses
OF large houses for rent the supply ia
ample.
Sales OF real estate In the city recently
have indicated that desirable property In
all respects will command liberal prices.
As before remarked, however, there is not
much inquiry for costly property, There
are number Of the best residences In the
city on the agents. states, 80 far without
takers. The hegira to the Island seems 10
be thing oithe past for persons TO whom
considerations Of economy are not power.
full inducements. Several OF the most ele.
giant houses In that part Of the town are
In the market, but do not seem to meet
the views OF intending investors.
Some desirable country properties have
been disposed Of within q lew months, at
rather exceptionally good rates, but the
came remarks will apply to farms, In a
smaller degree, as to city estate, There
seems to be disposition to hold of unless
extra favorable inducements are offered,
What this indicates, or by what 1t is
caused, our informants could not say.