The star and Newark advertiser. [volume] (Newark, N.J.) 1908-1909, 1908-04-14
The Real Estate Situation.

Each day seems TIC bring with it increased demand for real estatep proper
ties sThere however. seem to &c n available flats or partnents Of n
kind or the market notwithstanding. the Charge demand for them. Several New
fork AM Brooklyn families were nahl to procure flats during the past
week., and were obliged to seek one or two-famny houses in the suburbs. a IS
has been told IN these columns, Newark Isl not prepared % meet the coming
rush and demand for has Nw York families are 10 accustomed o living
lin flats m apartments tht they naturally inguref for such accommodations
when contemplating a residence outside of New York. If Newark desn not
wake up and get ITSELF hap to accommodate this class of people by erect
ing such buildings it will aus and force a big lost o Newark. 1t will
lbe, however, a gain for the suburbs, wheret there's are many special advantages
particularly to those who have young families. At the start the novelty
lof living in the country Will be superseded by the many dvantages gained,
Tau city improvements there. as in my other cfy. and cost OF living about
the same. these people will become attached to the suburbs and bring, per-
Ihsps many others with them. Many Newark families ire looking FOR resi-
idcnces in the suburbs while a great number have already located themselves
There
The suburbs. it might be mentioned in this nneci are as slow, if not
slower than Newark at the moment as regards the future. Newark. o. course
is a manufacturing city n he number OF its manufacturing plants are con-
lstanty increasing. The commercial aea of Newark is also spreading. Both
their former holdings for business purposes. This is driving all classes of
residences to The city ines and into the suburbs. This is continuing and the
suburbs nov arc not in a position to accommodate the demand. They are in
the same predicament for dwellings al Newark is for modern flats n apart
lments As nearly Ill the ntractn concerns are doing very little, ad a
great many of them nothing, at the present time buildings could he erected
very cheapy, Those owning tracts OF properties along this side of the Or
Iange Mountains rave the opportunity of their ives to GUILD up the entire moun-
tainade from Upper Monclatrt to Mnlburn. There is considerable being done
in e. buildings on the Upper Montlafr and Orange sides of the mountains,
and At Caldwell there is a n excellent opportunity. The tract known As the
caldwell Cedars property is on the market ne ne of the many suburban o-
Iportunites nov ope to the real estate Investor The wise will build. build
M build %
estate "A al Investment, rs we'll IS are residents Owners as wu as brokers
could increase their sales considerably if they would ony advertise more of
such offerings and advertise them extensively as well as with more details
The Illustrated way, While a little more expensive han III usual method
twouh ereate IN desired interest n cause sales. Such advertising describ.
ing exactly house n the layout OF its room creates much Interest n a
desire to become Its etc. We have many inquiries why this is not
done. oil why fuller particulars are 10 given in he usua method of adver-
Using We mention this simply as a mattero of information.