Real Estate
Cry Wolf Quotes
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.
This condition is depreciating the value of real estate, restricting its marketability, and driving manufacturers out of the City and State of New York.
[The New York Herald noted that the owners claimed the order amounted to] a confiscation of property…
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.
