The star and Newark advertiser. [volume] (Newark, N.J.) 1908-1909, 1908-04-03
y n ~ e p.
sneciaI Reel Estate Davs-Tuesdays and Fridays.
The Real Estate Situation.

Following the suggestions offered by THE STARS during the past week,
activity in tho real estate field has beenm orea active than ats any time since
last fall Investors are nw commencing to realize that in Newark real estate
there is something nor valuable than ny other city outside of New York
surprising advance. or is one large real estate owner put it Newark property
shortly will practically be worth its weight IN gold" Z
The wage-earner ut the present time never had such an opportunity to Sc
icure his own little home. wherein to make his family happier than their pres
lent, perhaps unsanitary. quarters He can, with very little capita, secure n
kind Of a dwelling, paying for it according to his means Many wage-earners
do not In fact know what opportunities arc To- within their reach. Some
land a great many, tool are backward and do lot care to enter a al estate
brokers' office, fearing being snubbed n otherWise ncourteousy treated OF
There is not a ral estate dealer in the city who will not only show the wage
Garner the bargains he has but will particularly call his attention to the nan
by negotiating the loan for him. The wage-earner al call o any broke. in
Newark and tell him just how he is fixed ad what he is after. Hardly one
in a thousand will leave that broker without being properly fixed" and inc
ing fault with himself for nt having one to the broke years g TIE
STARS suggestion to all is to do it Now and before property values soar
too high for them. which they are bound to do very shortly.
Several property owners. discussngT THE STARS remarks of last Tuesday
claim it is not possible for many owners of the so~caHed "shacks' to improve
their property n account of lack of money. In man cases this is true. but
there are man solutions. In most cases the owner can ecure thu necessary
method. If he cannot do this he can exchange his property for some the o
so central which will bring him a little more revenue than his present posses
changes and in order to get such properties they are willing to max better
and more valuable trade deals Therea re a number of such owners OF n
improved properties that are lot aware of and do not understand this cal
estate exchange business or the various opportunities Withm their each. IL
they are unable to improve their properties they should consult the brokers
and look wei THERE exchange lists They will find man offerings to jump at
and thus afford someone else able to improve his property as we'll Us develop
the citys general ppearanc and rapidly approaching needs Is d..
The development Of such unimproved properties houd begin at nee II
over the city. and particularly in Broad and Market streets The city might
equally convenient par of the city, and dispose of the property to some con
Germ that will erect a modern office building o N the entire property, at the
Same time widening Canal and Commerce streets Many claimr would "a
the city to erect the building itsefa and greatly enarge the ground Hoo space
for general business and market purposes. The present market, 1t is claimed
lis unsanitary. owing to the dampness created by being built w the canal
There are MANY other dlapidated structures 0 in use N Broad and Mar
Iket streets that should be torn down and new modern buildings erected to re-
place them The sooner this is done the quicker will Newark be prepared to
meet the enormously increased business needs of the very near future.