New Britain herald., 1920-03-24
THE LANDLORDS.

|llIS III ISSdIu Lo ldhuioluo, cliu E in isolated cases have there been kl words for these individuals. York City is at present in the bes of turm oil. brought about by eetinS of the United Real Estate |ners and what transpired there. president of the Real Estate Ilers-Stewart Brownc-suggeste the association members stand Ether in an effort to get profits to extent of 20 per cent. net income he assessed value Of the property" |vas met with the demand that the lords get even more.
 ne law of supply and demand is ittedly at the bottom of the cost ents. There are not enough to round and the cost of building is reat that it is almost prohibitive Iild. The interest on ones money Fted in a building would approx a great rental for an apartment. landlords are taking advantage e law, coupled with the fact that petition has been practically elinl- Id by the cost of building. Why Id they not make a lot of money
 they ask. And the public. h wishes to make living condi. more tolerable. must ask the question of itself before starting medy. Why should the landlords an excessive profit? Why have hws in this state which govern r? Why do we prohibit the loan f money at more than a certain bf interest? What does the land do other than loan his money bat the money represents? What re going to do to prevent usury e landlord and still give the in lal an opportunity 10 exercise h,s to add to his cash drawers by hterprise and service?
 believe that the remedy for con- S eventually will lie in the office assessors, who must be men of capability and be aided by an gent committee of citizens who kady and willing to lend DOT bf their time for the general
 Possibly we are infringing Unconstitutional acts, but we be- that assessments. made often nth a due regard to the income property which is rented, would rage certain protiteering land
 Assessments should be made Rpa artments and tenements upon of what the property is earn hd We ilark back to the words of ew York speaker who advocated
 met return of 20 per cent. on -estment" be collected. Suppos- City ofSNew Britain placed a um upon the valuation of ty in certain quarters and then out to investigate the net re- bf each landlord in that district,
 his assessment until the value property, upon which he must xes. coincides with his return
 will be much bowling against
 scheme, undoubtedly, but why 'ern returns on property as well tash? Why not make the man
 getting a big income on noth- 1t the physical value of his
 pay some of it to the city: He ot be likened to d manurac-
 T a day Iaborer, both of whom
 y cNpcnd their brain and braWn lucing their dollars. The land
 merely placing his money out rest.
 gan see ultimate benefit 10 the
 Y of the city in this scheme Should q landlord own q ram-
 place, greatly in need of re- md have to pay high assess
 n his net because he is getting ents, he could reduce his as
 p by reducing his income the expenditure of money for ementS upon his property. He
 ertainly would be anxious to
 e his holdings. This method
 cedure would encourage new
 E, also, as the individual who
 to own a home would have to
 It the minimum amount of
 trough a low assessment and
 n who expended d great deal
 ling to rent would not receive
 ne net return as the prohteer
 le old building: consequently. 1.y1nIJ tho