Real Estate
Cry Wolf Quotes
[The New York Herald noted that the owners claimed the order amounted to] a confiscation of property…
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.
It is almost impossible to sell any real property in New York City at the present time at its assessed value.
We are of the opinion that if the present recommendations are insisted upon…factories will be driven from the city, labor will be compelled to accompany them, factories, tenements, and small houses will become tenantless with the final result of demoralization in tax collections by the city. What is wanted is evolution and not revolution.
