, 1922-03-04
RENT SITUATION
IS. Analysed BY
REALTORS here
Home Ownership and Trans
portatiop to Outlying Dis
tricts Included in Pro-
gram for Casper.

Promote home ounership. provide
rono means OF transportation so tnat
prvpertios in n outlying disticts
will be accessible to the rehner1es ana
business districts, educate people en-
trusted with rental properties TO take
care of tho premises and teach PEG
pie 30 walk a block to save on ront
make I'M the program of the Casper
Real Estate board following n detnh-
ed analysis OF the rental situation in
Casper.
HtrhlfKhts that developed during
tho analysis of the rent situation here
which has been under FRO on many
sides developed the fact that In many
places rents have not been reduced
to meet tho economic pressure when
il facing Casper: that, predictions TO
tho contrary, landlords renting prop
erty based on a 20 per cent return
arc not clearing over 5 per cent; that
renters are primarily responsible for
the conditions here that allow desir-
able properties TO be out Of proper
ton through tho practice OF paying
bonus TO landlords and even to 5ani-
tors at times TO facilitate their en-
trance into apartments and other de
sirable houses.
The situation is held critical here
because of the fact that there Is no
.srm OF transportation to convey PEG
Mo lying in the outskirts to the trad
ing and industrial centers of the city.
The main sections of Casper are con
gested because people will pay bonus
as for ~close-in properties while more
desirable homes, houses and other &c
commodations go begging at figures
in many cases cheaper thnn similar
properties, similarly located. bring in
Cheyenne, Sheridan and other towns,
known as 'low rent" cities in Wyo-
ming.
This analytical review of h sit
uation was undertaken at a meeting
of the Realtors yesterday moo who
gathered for the purpose Of cooper
ating with other agencies in Casper
thu are striving to bring about re
lief from conditions held Objectionable.
Among the speakers who placed
their views before the Realtors were
N. p. Wheeler, veteran Casper real
estate man, who has made an inves-
tfgaron of the situation through long
experience in observing conditions in
Casper; E. p. Bacon, general
sger of the Natrona Power company,
and Charles Anda, IN n apart
ment owner of Casper
MI. Wheeler opened the discussion
by calling attention to the fact thai
rents were on the decline In Casper
except in a few rare instances There
is a general reduction trend to meet
conditions that must be met in Gas
- 60 ~ -E4.r d, A. o-a-NE-.,1 a. --1-r
Mr.. Wheeler also called attention
to the fact that every member of tn
Real Estate board could show that al
properties listed with them for ren
a been reduced and that the ind
vidual members of the association
were impressing upon their client
and upon other property owners tn
necessity Of reducing rents.
He announced that neither he nc
any other member of the Realtor a
ISOLATION believed that an rents ha
been reduced to meet the present col
ditions but he believed that these ce
tain exceptions would always be
bone of contention unless persons wi
rent properties cooperate with 9TH
agencies in an effort to work o.
equitable rent relief here
It vas charged in the meeting tn
certain prominent people here wi
own properties, had not yet seen q
light and were charging rentals tn
had not been adjusted to present co
dItions.
One OF the greatest features IN
must be taken into consideration
landlords here is the cost of upke
Of properties. Lack of cooperate
on the part of some tenants neces
tates high rentals. It was said. to
place properties in repair after Il
ants move out.
Other features that were mention
TO show a lack of cooperation wi
landlords was general misuse of pr,
critics; lack Of care in keeping {
houses and grounds In shape; destrS
ing walls by driving nails, spikes a
other devices INTO the walls: movi
out without notifying landlord, p
uniting water pipes and other nxtu1
TO freeze. destruction and theft of e
niture and other costs which nee
state high rents TO insure medium
turns.
Taking into consideration intere
vacancy. depreciation. taxes. repa
and other costs, the property owl
hero has to receive a large return.
was stated. in order to make remit
houses a profitable investment.
Some light was thrown on the
cal situation of e. p. Bacon of