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Show NOT A GOi FOLIC Men Who Own Houses in Stlt Lake City Want Altogether Too Much Sent. EEAL ESTATE AND BUSINESS. Encouragement Offered by the Daily Eicord of Real Estate Transfers Notes and Dominants, Xew residences are every day being completed, and yet the demand for houses seems to be becoming more pressing every day. Hundreds of families are living in "furnished rooms" or boarding who want houses ot their own but who are shut out by the ligures at which small houses are held. Kents are abnormally high. They are kept up to boom figure when there Is no boom. I think that all conservative con-servative real estate men in Zion will acknowledge that while business is good and ou a firm basis, there is no boom hero now. The property owners are responsible for this state of affairs. They want too much for their investments, invest-ments, it fact, it looks very much as though they were trying to "hog it " On a house and lot, the value of which is $3000, they think nothing of asking 50 per month rent. Making all allowance allow-ance for taxes this will give them fully 18 per cent on their Investment. This is too much. Money in Utah is not worth more than eight per cent and no ono should ask more. The high rents are a ruinous policy. If it is proposed to make a metropolitan city out of Salt Lake rents must be brought down to metropolitan metro-politan ligures. The same state of affairs exists in regard re-gard to Hats in tlio heart of the citv. One building has recently been completed, com-pleted, tho third floor of which it is proposed to lease out to roomers. It has fifteen rooms, only four of which are front rooms. Yet for this flat a monthly rental of 150 is do-inauded. do-inauded. This is at the rata of $10 per room. Let us supposo a case. The person who takes it will require at least two rooms for family use. Help will have to be hired to keep the rooms in order. Of the thirteen remaining rooms, not more than four will bring in more than $15 per month rent. Some of them will, of course, be vacant at times, for a few days or probably for weeks. Figure it up for yourself, and you will find that the person who takes the flat will come out behind every month. The Sale of Lois- A glance at the real estate transfers of yesterday will encourage tho real estate es-tate men. "The total is $'31,83, quite a respectable ligure. From day to day they keep right up, and although the whole country just now seems to be passing through a period of business depression, day after day has seen a fairly good and brisk real estate business busi-ness in the city of Zion. Lots are sold every day. Real Ette Tranilera. Following were the sales of real estate es-tate in this city yesterday, as recorded: Jami s Roe: to Paul Ooddard, war-latity war-latity deed, lot 8, blo::k 1, DeLong s se. -ond addition .. fOO Sivla A Morrill to Russell C Woodruff, w irranty deed, part of lot 7, M c'n II, jilat K 0 yl . la A Men ill to Sa t Lakei1:y, iiit Ilclaiiu deed, pat lof lot 7, bloc II, plat 1 yrum WaK-staff et 111 to Elizabeth C SU h tmore, deed, part of lot 4, block Hi, p. at A 3500 G"ore Hearstand wife to J, f Col'iata, dej 1. the Ashland a d A.-hland No it lode, In West mm n an 15,0.10 William U Crosby nnd eife to H t Hay-bould Hay-bould et al. wariau' v dead, lots I aud HI, blocU UK. Ten-acre p,at A. HI Held 8O1JO FJenry k Frost and wife to Lac- Jeesen. deed, part of fe tl in 31, town hip S south, rapne 1 east 60 Cliail-sS Wilkes t i Jeunetie Uuwau, wi rrantv ded, block r. plat, C 400 Charles 8 Wilkes to Merry F Cowburn. warranty deed, block fl7. plat C 400 Simu"l F Spencer to Stavk Sp nce warranty deed, lot !', blpck I. Main street and State road addition 400 Thomas Mnmford to Sami.e Mutter- Hel l, deed, lots 1 aud 4, blO it !CI, HlT- rinmnCity plat 1500 A ii Hoill'-ter and wife to T end ire Humu s er, dei d. lots 18 anil iJ, block 51. Klnnev & Uourlev's plat S00 Marlon H Showe I et al to William J Maxwell, deed lot 1 bl ct (W. plat C .1 Louis A Ternshee and wife to Onus (1 , Hentiett. warranty deed, part ot lots I an 1 s. block a, p at It 100 Ferdidand F. Leruyer and wife Ui Chas 1) Ji n -s. ouit 1 i n deed, part of lot 4, block (M, plat D 1 Toal. '. $ 31,8 Keal Ktate NDtsa, The supply of money is getting more plentiful. C. E. Wantland made a trip to Logan yesterday to look alter his coal interests. in-terests. (iu. Wood, the Crozier & Berkley receiver, says the firm will go out of business. W. S. Deed is having plans made for a $8,000 brick residence in West Grand Vitw addition. Tho Midland investment company yesterday sold two lots in Perkins' Grand View addition for 300. The Second South Street and West Jordan Railway company will incorporate incor-porate iu a few days with a capital of $25,000. t O. L. ChamboiTtn & Co. yesterday sold another handsome residence to Rev. William I). Mabry for $5,800, and have also sold a $4,900 house to Alex. Mitchell. |
