The New York herald., 1921-07-24

Not the least interesting phase OF the
great home buying movement or the past
two years has been the education pro-
vided former tenants In real estate mat
ters--particularly those dealing with the
burdens Of the taxpayer. The writer
had this fact brought to his attention
quite forcibly recently in a conversation
with q new home owner. This man was
one Of several hundred who purchased
to prevent eviction.
"Before I purchased home," he be-
gan, IT had an idea that all a landlord
had to do was collect his rents. pay out
a small portion for upkeep and deposit
the remainder as velvet have learned
since, however, that the owner really has
something to worry about
"As O tenant paid $40 month for
the upper floor Of q two family house.
One day the owner informed me that
he Intended to sell, and was consider
ing an offer. Having family. i'm
mediately became alarmed over the
prospect Of losing my home. The fol-
lowing day called on the owner and
too high would purchase the house In
order to be assured Of q permanent
home. He stated that might have the
property for $4,000. or $1,000 less than
he had asked Of the other buyer, and
we closed the deal.
AFTER figuring up the annual out
iay-taxes, interest on mortgages. amor
tiEation, repairs, insurance. &C. found
that the revenue from the existing rents
for the two floors fell short of meeting
expenses. As an owner / had to raise
my rent $40 monthly and ask my ten
ant TO pay a similar amount
would do It over again? OF course
! would. I am steadily increasing my
equity In the property and have learned
q valuable lesson in economy. My ex-
pcrience has taught me, however, that
landlords are at least entitled to fair
hearing In the matter of rent increases.
I had heard great deal about the
beckbreaking burdens Of the taxpayers,
but / had to become a property owner
before took these statements serious
~. Believe me, sir, they are not exag-
Herated."
Oddities I'm Titles.
Observing a paragraph In these col
umns recently dealing with the many
titles In England and Scotland held on
curious tenure, a prominent real estate
owner Of this city calls attention to a
novel lease made centuries ago on n
property in Scotland owned by his people
until q comparatively short time ago.
The original lease was for 500 years
and the rental one bushel OF wheat, to
be paid yearly to a Scottish Earl This
lease still has 100 years to run. Accord
ing to this real estate man many of the
old leases of a similar character in Scot
land contained a provision that, In addi-
zion to the grain or fowl to be paid on
certain day. the occupant would furnish
a fully equipped man-at-arms. with
horse and spear.
Land Law Invoked to Test Treaty.
To determine the breadth of the treaty
between the United States and Japan
relative to the purchase Of property by
Orientals court action has been brought
IN the Superior Court OF Sacramento,
Japanese of a residence in Highland Park,
q fashionable residential section of that
city. The suit Is brought on the ground
that the existing law prohibits tho sale
e< residential property as well as agri-
cultural lands to Orientals.
Use One-third Of worlds Acres.
Only one-third of the worlds potential
food producing area Is under cultivation
and the crops raised on that third,
thanks to agricultural science, increase
yearly. declares the Philadelphia tn
.ndSsfrcr.
The United States has about 400, ,000,-
100 of its 935,000.0O0 acres OF arabic
nd under cultivation, yet II raises.
hong other things ope-sixth Of tho