OCR Text |
Show RENT INVESTIGATION MAY BE ABANDONED ' With owners considerably outnumbering outnum-bering tenants of apartment houses present, the city commission conducted a brief hearing yesterday morning on the matter of increased rentals as a preliminary step to action upon a resolution reso-lution calling for investigation of the situation. At the conclusion, the matter mat-ter was taken under advisement, with a sentiment expressed that probably no further investigation will be undertaken. under-taken. Representations were made by apartment apart-ment house owners that increased cost of upkeep and maintenance of -apartment houses is such that recent raises in rents are not even now sufficient to meet it. They nointed out that building build-ing of apartment houses has practically ceased, and small returns on the investment invest-ment are responsible for this, as well as for the fact that many apartment houses are for sale. |