New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12
u;oher Rentals Are Due
The throughout Greater City
Next Year
,owaRD TENDENCIES
= ,pF NOW NOTICEABLE
Cane Reasons for This
suilding Situation-Ex-
oerience of Landlord
o, ARTHUR T. NICHOLSON

.dv 70 pay next wear . higher
~, FOR your fat or apartment
s,,r.r you choose to call IT. The
-.-,,t over which Commissioner
'.-,v presides Classics all struet-
,. y. sor three or more families as ten
~ ", houses. but realty agents have
'. =, ,Of, pedal on the word tene-
and describe q house for three
~, ARE families as either a aathOuse
,psrtment house. If YOU 1--we IN
,.,,,se Of the medium price class
. -. - Get some grain Of consolation
y. ,te fact that Che biggest increase
ion .sls will not De IN the thiches'
% I' 49, ,reas Of the town, but IN the
lop.l"''f1 he eostlicst and best type oil
,eaHt " Rnt IN the crowded districts
i'sssS none that will be needed TO
ne ~ rent viii De a very heavy bur
nst' .''' ,.srv pockctbooks, which arr
tsl y Ell worn and light because OF
tIstes Az cost OF the very necessities
q lie.
-. heard il frequently said OF
10, owners ought 10 be ashsmeo
~ .ss'r faces. that they should De
q - - should have many other calam-
tsfsll them Il they raise the rents
4" 90, fats. Il thought the lsne-
g would not become victims 70 TINS
= mice epidemic said as
~ tenant the other day. VINO
Ss,,~,.srober sought renewal OF ms
- -, his APARTMENT Of six rooms ana
AZ 80 who was compelled 10 pay
a. -. more q month or vacate. he
~ ~. - NAN. lie formerly paid $40 a
log " The house In which he hveS
=. erected fifteen years ago, 50
!, h called new or up-to-oat''
huiiding that was designed 10 Le,
~ ~svimum amount OF comfort no.
-. for 'phonv' front having oeeh
Narrower. 10 is "a non-eleVatot
.ose steam hea. however Is SUP
h'l
Hay did this landlord raise the rent .
s ebsoIutelv necessary Tor him 70
- NOW rentals TO put the house IN
. 4. "...,.fac.ory productive class. FOR
81. ~,,rs be has been its owner ana
~. line the $4,000 which he mas
...s5 in the property has oareIy
..'r :. -, o. rer cent. Several years
..t..t.f me- return from the prop
I'D As the house gets o!der II
,5er to keep il ia repairs an, Anu
.-,.. ,,rstrs today cost many dollars
~, .bar similar work a lew years
MEANWHILE. taxes have increased
.te ro.l and many other bills are
-,r The fact that the properly
Il I.., -.~v badly managed was al
-i.,rt, i-0orc- 5ed on the owner
,s.r 40. Ir seeking renewal OF
Il. r-..--r, Ola the property ne was
.,. 81 .srrcscntGtive OF the lehGer
y. rcrif reduce the loan.
w. L-,v the building itself IS de-
eating probably much raster t Ii'a,.
.s- th.rk IN this age OF pullo.Lhe
i,ress." said the representative OF 'He
s-.caeor. "and the loan shouiu De
~esrorirgly lowered. Could you
.i,,, che 'oan three thousand
AL -te landlord quickly replied thst
b. could the agent for the lender suu-
..-iy asepmed different attitude
s- he thought he could renew the
II, Inn Tho owner went away won
ring vha. -fculties he would nave
Nd 10 face i his resources had not
.ss, spmc.crt for him TO frame an
Hrmatiye reply. The more ne stuuteo
he status Of his property rom ene
.an6point Of the borrower the moIe
u realized that he had failed 70 pro
ID an amortization fund with when
rentu.lly TO pay of his Indebtedness
These are only few Of the salient
,sssons why rentals are bound 70 oe
-seh higher throughout the city mex
ear the inward tendency being very
-,rted already In quite numb Der OF
,,rtres TRY TO erect to-day an apart,
zen, house equal in Strength anu
Inability 20 the popular Ola hous ss
nd Il will cost you many thousands
rore than the total sum expended on
\, house replaced. The cost OF ouild-
II materials has reached orgy
,sghts. and there is nothing as yet Oh
shith 70 base the hope that 1t Wall pay
ne 10 hold in allegiance proposed DTI'
less or residential improvements: INC
prospect is for an unbroken rise IN
.silding materials for many mVhtn ',
yst. and after the war there probably
vill b. such a record demand abroad
ior skilled building men that whatever
tunble occurs In the price Of materials
rill be more than Offset by the longer
tin. required here to put up ,Stse
,.u,.ures as the many artisans OF less
experience that will be necessary 70
mag, on such projects will not De
Is speedy workers. Every Gay IL N ~
to complete q job adds largely 70 lns
total expense; q month Or more oeyohu
The average time now consumed on .ne
building work will mean bigger sums
Tor ID. actual construction.