Real Estate
Cry Wolf Quotes
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 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.
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.
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.
