Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1918-11-30
HOUSES To RENT
ARE IN DEMAND
IN ALBUQUERQUE
Realty Men Say They Have
More Applicants Than They
Can Supply Business I'M
proving Much Building


That Albuquerque needs more
houses for rental purposes in order
to properly accommodate tha tom SIS |
who are flocking IN here from all I
parts of the country, is the consensus |
of opinions expressed by a number of
leading real estate men when inter-
viewed yesterday by a Morning Jour !
nal representative. Applicants for
houses are being turned away daily
because, in the language of a member
of one firm, there amt any"
There is feeling IN realty circles
that considerable building will be
started as soon as weather conditions
will permit and that Just as soon as
material gets down off its high
"hoss" Albuquerque will witness the
greatest building boom in it's history.
The opinions as CLEANED yesterday
follow:
Il have sold more property since
the armistice was signed than | did
during the six months period prior !
thereto, said Col ID. X. b, Sellers
A. L. Martin-"Bu Business has been
good with us all year, and have not
noticed any particular Improvement
since the armistice was signed. ] do
not look for an extensive building
boom to set in for several months,
The people are going to wait and see
just where they stand Prices are
high vet and | believe there will be
a disposition on the part of prospec-
tive builders to hold off at least until
spring in the hopes that prices will
slump, There IS an urgent demand
nor rental houses, and much city
property is changing hands. People
ria buying homes because they can't
eet them any other way. Albuquer-
sUh Is getting better class of people
rather people of more means
aWeW its healthseekers. They are
Win to pay better prices for rental
hCj,@ but they naturally want bet
ser aaf Recently clients of mine in
.atW wrote me wanting photo
Eauhs 5rl descriptions of houses
gaftra con $500 to $4,000 a year, 1
tag friends - theirs who were figur-
4 ea coming here. OF course we
have ro hing in Albuquerque that
rent ug uH ming like the figures
quo t.
r. uphal- -"Since the signing
of the sunAat nere has been con-
siderale Ui We ther and MANY in !
fluenZa caste SO have noticed no
particular Increased demand for
houses. gHs .GUiptIrns are, however, I,
that after 9a hat3Hye things are GO
ing to picE Hg 3aurgl arly in 1.-THE !
building line We laws a great many |
more request, nf rental houses than |
we can take IRE of ! expect to !
build two houses myself in the near |
future. During the past summer | I
built five houses and sold them all. !
have also noticed that we are get !
ting a class of people who are wiling |
and able to pay higher rents than !
formerly"
National Investment company
Business is excellent. There is a
great demand for rental houses. but |
it's the same old cry, there amt
none We have turned down several I
applicants today for the simple reason
that we had nothing to show them. I
We have plenty of houses for sale,
but the majority of the newcomers
want to try out the country--wdnt to
see how they are going to like it 1ere
before they tie themselves down. Peo-
Pile are willing to pay higher rentals
than in the past but they insist on
getting their moneys worth. TIE
houses must be in good condition
and, in most cases. furnace heated"
Gurule- Sandoval Realty company
1--WE think things have taken a change
for the better. Business has revived.
There is strong demand for rental
houses, but there 5 hardly anything
that we can find for rental purposes.
Recently we have even rented shan
ties that never could be rented before.
and there is a demand for more In
several instances there are two and
three families living in house where
just one family lived before. The flu
ture looks very encouraging"
w. c. Oestreich-'If the weather
were not so cold we would be starting
Z half dozen houses this week. As
soon as the weather moderates to
permit cement and plaster work being
carried on We are going ahead with
our building operations. After De-
cember we are going to Increase the
capital stock and facilities of the AL
buquerque Investment company so we
can do more than has been done in
the past. We do not build houses to
rent but build to SELL We started this
business last May and since then have
built about ten houses. We still have
a couple on hand. one of which is I,
not finished. Expect to sell both of
them by the time the last one is ready
Tor occupancy We look for mighty
good year in 1913" /,
Another prominent real estate man
said: Il have done more business
since September / than | ever did in
welve months before, and since the
,rmistice was signed business has
been better than It was prior thereto.
There is a great demand for vacant
OTIS. | sold six today. But of course
here is a disposition to delay build
ng until material becomes cheaper
have demands for rental houses thai !
cannot fill. | haven't a vacant :
rouse on my list today. | would not J
the building for rental
purposes of expensive houses. or
curse. now and then one, has APP
plications from parties who want
ommodious quarters and are willing
0 pay the price. But houses renting
round s25 to sS5 month, neat lit