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Show It ' Igenfs Say Rentals in Salf Lake ( 1 .Sliow Tendency Toward j I Lower Level. I RUSH FOR COTTAGES IS j FEATURE OF THE WEEK Loral Dealer SaysTify Xecd-s More Homes and Business L Locations, j S"11' rh?aPr to pay rent thnn Jt Is to move unless you've Bot rubber fuml- .ro. said Kin Hubbard, the Jnclinna I . mnnoriBl .met after lie hart m;ule liis .an- J uunl spring: itiovo from .an nnartmciu 1 ho',f? 10 a cotiHt:o. i 71 Is bit nf philosophy Is uol appre-ointpcl appre-ointpcl by tho reiil-puyln? public of Suit L.iK. acoorrllnp to local reutiit agents?. I T 5I,,'ll5 moviiiR fevor lias been rng- jnj? for a week or moio and Roiling: worse evoiy rino dny. The rosiill lias been tliai f,1"?', "Je more aparlinents vacant In fili 1-ako toilrty than I hero have been 1 ror more than a year, and there Is a , srenier .scarcity of small collages than In rereat month. 4, 1 , movement from Mu apartment I. houses to eottages Hi Is sprlnsr has been PJ 1 I'0 or tlinn usual at ihls season of j iiu year. rcorrufr to the agents. Thin ) movement is emimated at about I'O pur ' r-ent or (he flat dwelllnK population un- . dcr normal eondltlnnn. for It Is expected j t h-ast one family In five will ex press a loiiRlnjr lo get bael: to nature 1- far as possible hthI exehHiigc Its A aprirtment for a cottage where a Hit Ic plni of grays v.-lll furnish a- hotter plny-giound plny-giound for ihe children and. Incidentally, a Utile exercls; for the householder wltii lawn-mower. II Matter of Economy. I WfUi some. ino. iIiJh spring move Is 1 . ' "latter of economy, for the average coi- S j "fT 111 Sail Lake rents for about $30 a W . wiV!e ""' vonigo apartment Js H V probably 51., or $50 a month. This ten- U ' '.I'Y I" strengthened by Ihe custom I "J1"'11. P''ls generally In Salt hake of I ' 'iiglng the same rental for apartments I 'ii'r ng the summer months that Is I iargd In winter, when the landlord I riiru shes coal, but the tenant must buy Ico In summer. I . Kintals for cottages, houses and apart- I ' t.i'nts are also going to be a little lower I ri.', year, ihe agents say. and this Ik I rikn ns an Indication of better eondl- lions for Salt hake generally, although I Mine of 1 he owners of rental property will I .nt maki' finite so large a return on thIr I fip stineuts. There Is no danger, how- I i yr, of any derive in rentals to a point I where the Investor cannot be sure of a I handsome return for his Investment, and -4 ! sitghtlv Iowr tendency In rents will f have no ill effect on proposed building o r rations. On the other hand, real estate men generally admit that rentals for dwellings in Salt Iij(. have been higher than they should be for the last , fev ychrs. and It Is the general belief I ' Continued on Page Twenty-Four. H 1 - SPRING MOVING PBVKR RAGING Continued From Page Twenty-Two. that a roturn to a normal basis would bo a good tiling for Salt Lake from every point of view, excepting that of Ihc Individual In-dividual whoso sole income is from rentals. "The Ideal condition for a city tho size of Salt Laku would bo to have 300 desirable rental houses vacant at the present and at least 100 storerooms available avail-able In vnrlous parts of the-buulnoss district," dis-trict," said a prominent rcnl cstato man yesterday. "1 know this statement will be disputed generally by thoso who have not had long experience In the real c- tato business and exprclonco of a J;1"'1 that would enabln thorn to make tnUMH-gont tnUMH-gont - comparlnons. but I maintain that tho-normally hoalthy city ought to havo av:tila'blo homes and business locations Ifcnough to crcato competition for ttuianla lnatead of tho competition all being on tho other-side. .... "Iloro is an illustration of what I mean. At tho present there la. I beliovo, on y .ono large vacant storeroom on lain street In the real business district- A merchant from a city of the northwest who came to Salt Lako to locate recently recent-ly found that this storeroom wa bolng hold for a rental of S1000 a month. U s Mrst intention was to puck tip his goods that wore here, cancel all orders for slock and move away. Ho wa Jlnally pcr-eiinded pcr-eiinded to tako another location nrr .Main street, and. although this rental waa higher than It ought to be. ho stayed. Only Ono Argument. "The only argument which supports n theory that rents In the business district dis-trict aro not too high Is the fact that Salt Lake merchants aro able to w tboBe ronto and still prosper. U Is a fact, however, that somebody pays thc.e tents, and that 'somebody" Is you and me. Boosters for Salt Lake are making every effort to induce more people to enter business In Snlt Lake. and. of course, that Is a laudable donlrc. but did you ever stop and think that the man who wantu to atari business in Salt Lako today can not get a Bluln stroot location short of $1000 or so. and rents in the side streota are proportionately high, whllo thero Is little or no available apace?" Tho most oxpenwlvo rental proposition In Salt Lako in the apartment house lino means about $100 a month for an eight-room eight-room apartment, whllo there arc not more than a dozen large houses known as rental ren-tal property that will bring S100 a month. Renlnl agents say that the demand for moderalo-prlced renlaln has Increased remarkably re-markably In tho last twelvo mouths. Inasmuch In-asmuch as few cheap terraces have been built for rent. Tho tcrnic.es built two and three years aco. which have rented for from $17.50 to a month, have been good Investments for the builder, and although building In this line was well up to the demand two years ago there Is a want for them now expressed dally. |