Evening star., 1924-06-04
NEW BUILDING NEEDS
SHOW NO ABATEMENT
Tenants, However, Altering Meth
cd Of Living Rather Than Sub
NIT to Landlords Terms.
REALTORS TAKING NOTICE
Gwnsrs' @Take-It-or.Leave-It" Pol
icy Discussed.
TEALToRS TAKING NOTICE
RY.J. C. ROYLE.
sn.rts1 Dispatch to The Star.

Sparta1 Dispatch to The Star.
NEW YORK. June New build
9acs for dwellings,, business, and in
GusGiaI purposes still are in demand
throughout the country. but the take
y or leave il" policy of landlords,
builders and real estate men has suf-
rered a decided change. Too many
tenants have been leaving it," and
going to other localities or altering
their method of living rather than
accept conditions of which they did
rot approve.
AS a consequence, real estate men.
now gathered at the convention of
the National Association of Real Es-
tate Boards, in Washington, are con-
sldering methods which would attract
tenants and purchasers. Points OF at
traction were found TO differ widely
in various sections. hut the general
feeling was expressed today that
while mans business created a
value for the locality he was occupy,
ing the locality and neiEhborhood
often did equally as much for the
business
Views of Chain Stores Proprietor.
This idea has always been vigor..
ously expressed by H. c. Bohack OF
Brooklyn. who runs a series or chaln
GROCERY stores. He declared the ideal
most baby carriages are seen.
Every time | want to open a
store he said. II go to the streets
where see the most perambulators.
. People who have baby carriases nave
homes and live in them. NO matter
Row good u. street is for any other
business, I would not take mine there
unless there We're plenty of KIDS IN
the neighborhood. the more the bet
ter"
Tho value of desirable tenants also
was emphasized by the real estate
nen. +. S. Stroheker, vice president
of the Bankers Mortgage company OF
Kansas City. said today the value of
A farm was very considerably de-
rsudent upon the kind Of famiiy
which lived on it hat, he deciared'
vas tho factor which made II so diff
ficuIt 20 determine tthcaily just
row much a farm was worth.
Discusses Farm Valuations.
Farm valuation" he continued
s.naust rest upon at least two bases
the direct income basis of workshop
value and the community basis, or
farm home value. The question of
? farmers character and domestic
happiness enters in. In case of loan
on farm by a banker the latter
wants 70 know whether the borrower
IS honest, Il hard worker whether ne
Is married and content to stay al
homo and work, whether he has chll'
dre, and whether his family is a
financial burden or is able to help
him Upon these items, well as
land fertility and the farmers skin,
rnnends the Likelihood OF loans being
repaid promptly"
other real estate men pointed out
that while a factory, warehouse OF OF
even a store property m1ght i've i've
Gown the effect Of one or TWO oao
rents soon we're put on the down.
grade by an undesirable class o.
building" said J. c. Martien OF Balti, q,
+hn success of his tenants and mus.
toow when to decline a tenant I
whose entrance would be detrimental
~ .he success OF others in tho pullo-
ing
Trend of Building Declines.
The trend of building througnout
IRE larger cities is declining IN sen.
eral, although there are a 3nia nute tend-
Cncy however, the movement OF
wages in the skilled building traasS
is upward rather than doWnwSra,
ascordi5g te9at TO teiegFapne' TaeTe haSe been
several recent revisions upward IN
various sections of the country ana
II is unuuestioned that addltlonal ae-
Yrands will be mace on employers -
fore the end of the midyear per1oo,
AE Almost Il exactly the opposite trend
crisis afsthe bituminous coal indus.
try Hiftually all the Independen.
coal a 1dGoke companies in the sreas. !
Cor,eygw3fle district are expected
to announce wage reduction of 20
to 50 per cent and some have already d
done So This would bring inc
.caIa down to pre-war levels. Coal
svnerts expect the W. J. Rainey and
~ u g Frick Coke companies will
maintain a higher level than the
other producers, but even they arc
some reductions.