Show JUST ONE WAY TO LOWER THE RENTS Real Estate Expert Says That More Buildings Are Re Required Required Required at Once SUPPLY AND DEMAND RULE LANDLORDS LIKE OTHER MEN CHARGE ALL THEY CAN GET The question of whether or not rents for choice locations in the city are too high and whether they could not be reduced with a considerable betterment to conditions hero here has been agitated strongly during the past few months and has given rise in several instances to rumors rumors that there must be a reduction reduction reduction tion if f Salt Lake is to retain the position she occupies at the present time as the Ute most attractive city in the tile Weilt to Commenting on the tha situation here herewith herewith herewith with regard to rentals at the present time a member of one of the largest realty concerns in the city and one which does many thousands of ot dollars worth of rental business in the course of the year has the following to say sayAs sayAs sayAs As a matter of ot fact Salt Luke Lake at the present time is in an abnormally healthy state Under ordinary condi conditions conditions conditions there should be right now in this city between and vacant va ant houses This number is necessary ne essary to provide for the normal and healthy increase in population As a matter of fact the number of vacant houses in the city Is very ve small and new houses are almost an unknown quantity for tor rental purposes There Thore has been a move within the past pa t year or two from the old shacks to newer houses and most of the rented houses are old Most people build houses to sell and the new houses hous s are not available for Continued an en Page P ge Two JUST ONE WAY lOWER THE RENTS Continued from Page One Ono rental purposes As AM a n result resua of ot o this there is a terrible congestion in the resi residence residence dence deuce district and rentals are high for fo tat flats are arc a c toy to high but bu this Is also due to the fact tact that there are scarcely locations enough to accommodate accommodate accommodate date the people who come here from the east ea t and are ar in h tho habit of occupy occupying occupying ing Vats fiats instead of ot separate hones homes as asIs asis Is Js the e custom c here beTe to a n larger lar er extent than in the largo large eastern cities Same In Business District The same situation holds true in the business ss district If It ono one goes about tho the city he will find on Main and State streets practically all aU of ot the locations taken at tremendous prices for fr f r rent in soma som instances as a high as 1000 for Cor a single Eln e location of ot no great size It is related of ot the th head bead of or a new nE W firm only OPhY recently arrived in the city that he looked about Salt Lake for a long time and was unable to secure anything which he ho wanted and had just decided to go back home when he discovered a location for his business on a side street where the rents were not so o 0 nearly pro prohibitive prohibitive as they had bad been on the main thoroughfares It has bas been said that this will hurt the th city ct almost t more than anything else Now Naw what is the th result of o nil il this and how IB hi it to be remedied rem It ia is human nature to charge as a much as the tho traffic will bear in anything and it is not to tobe tob tob be b expected that a property owner will accept less lea than he no is offered for a good goad business location It t is hl I true that the city has Ia ha been b en growing rapidly and that until recently it was waa practically p cU a one ano on street city ity ty At the present time there ia Is a tremendous trem dous movement towards toward Stats State street t and Third South for fo busi busl business ness ne locations location and the construction of Df the theatre the new n w Auer Auerbach Auerbach Auerbach bach block and ani and other buildings will at ot otc attract tract c people from Main Maju street to a o con extent e nt and turn them to the theother theother theother other less leu congested localities This will wUl give gli moro more room in the business district It is I sadly adlY needed There The o be ba at the present time tIne at least twenty vacant business locations In the th business district t and arnt as IUS a mat matter matter matter ter of f fact there are no nC vacancies and anda a prospect of o even enn fewer as 08 soon as aj the work of ot constructing new ne roads roada through the block south of ot the Knutsford hotel is started The situation remembered by business men when whan the tho construction con of ot the Judge building was commenced stiR still holds in the city It is I probable that the congestion is 1 Just lust ns lS great be because because because cause I doubt if the increase in number of ot business locations has kept pace with the tho rapid growth o of t the city More Buildings Required UW We are ar building rapidly and anti there must be b a large number of Qt business structures erected er It is undoubtedly true truo that rentals rental are high and even somewhat higher than similar loca locations locations locations in cities of the same lame size but this thing is natural to any place in which there is 1 being carried out ant an adjust adjustment adjustment ment mont to new conditions c It should be remembered that we have had only about two or three years in which to expand from a country town to a me metropolis metropolis and property owners owner are work working workIng ing night and day to provide for the in increasing Increasing Increasing creasing population both In tn a business way and in lu n the way of or homes At the tho present time the law of ot sup supply supply supply ply and demand is 13 working to increase the rentals or keep leep them at a 11 high hl n rate and they are likely to continue at that rate until the city catches up with the tho tremendous advance which is Js being made This does toes not mean that we are going ahead too to fast tast since to stop improve improvements Improvements ments at the present pre ent time would be to t leave conditions no better than th n they are at present and to give no hope hop of ot any improvement Wo Wt must go on with the present improvements ns as fast tast as possible and attempt to catch up with ourselves Just as soon noon as we can The rho present situation comes from the tho fact that we are progressing and Just ju t as long as the residence and business dis districts districts districts are congested as aa they t ey are at the he present time there is likely to be the cry of ot high rents We must mus have more houses and more business structures before there can van be a return to normal norma i conditions or rather before there thorn cap can I be any relief from the existing congestion congestion congestion I tion which in turn is producing the present cry of ot lack of or accommodations of or all kinds |