We have been legislated to death.
This condition is depreciating the value of real estate, restricting its marketability, and driving manufacturers out of the City and State of New York.
It is almost impossible to sell any real property in New York City at the present time at its assessed value.
The owners of real property are becoming terrified by the number of laws which have been enacted affecting real property in New York City…in each succeeding year there is a law passed…This compels the owner to expend…large sums of money, which…are absolutely needless and useless.
You can no longer distinguish the real estate owner by the smile of prosperity, because his property is now a burden and a liability instead of a comfort and a source of income. To own a factory building in New York City is now a calamity.
The Real Estate Board of New York is informed that thousands of factories are migrating to New Jersey and Connecticut in order to be freed from the oppressive laws of New York State.
Contrary to the predictions of the canners, the next year there was no shortage of canned vegetables or fruits.
I can’t see what all this talk is about. How is it wrong for the State to intervene with regard to the working conditions of people who work in the factories and mills. I don’t see what they mean. What did we set up the government for?
Not only is this against the principal of home rule, but such legislation transfers the enforcement of the law to an unknown and untried body of men and takes it out of the hands of the Fire Department….one of the most efficient departments of the City of New York.
Many owners will be so financially embarrassed by the great expenditure made necessary thereby that great numbers of buildings would be forced into foreclosure or otherwise sacrificed.
