Show HOW it gf mm NEW NEN mm YORK LAW LA LAU AFFECTED HOUSE U BUILDING Renters of oJ Low Grade T Tenements Tene Tene- ene ments Only Ones Benefited Benefit Benefit- e ed Says Authority The present housing situation is very similar to that which prevailed In New NewYork NewYork NewYork York City In 1 1903 03 and 1904 excepting as ail asIt asit It affects the lowest rent tenements tenement writes William Douglas Kilpatrick In the theReal theReal Real neat Estate Bulletin Mr Kilpatrick says say's With the advent of the new tenement law In 1902 hu building of or house ceased abruptly and ana was wag not resumed for tor o several years until the tho first daring daring- but fearful pioneers erected the type of ot housing hous Ing required by the new law and discovered discovered dis dis- dis covered that It was salable and d r Because of ot the cessation cession of ot I building and ana scarcity of rents rose rapidly Inthe Inthe In m the older houses houes which conditions brought about the boom of ot 1903 to 1906 The law of supply and demand being in those benighted days a recognized recognized recognized factor we did not have Investigating ing or profiteering committees committee laboring Uk like the well known mountain with equally equal equal- ly microscopic co c results The l main y objects bj o of the tenement house law were the Improvement of ot conditions conditions conditions con con- in existing tenements and to re require require require re- re quire In new construction better sanitation sanitation sanita sanita- tion I ventilation privacy y fire protection t a ol and 0 other h features r r all of which added materially to the cost of ot construction The Intended beneficiaries of or the law Jaw were the low wage low rent tenement dwellers An enormous sum was spent In bringIng bringIng bringing bring bring- ing old law tenements up to the re requirements requirements requirements re- re of ot the new law The famine in housing and the much higher rents at first obtained In the pioneer pioneer pioneer pio pio- neer new law tenements brought 1903 about o the wild bu building g movement of ot 1903 to too 1906 during which time thousands of ot f tenements tenements ten ten- he we er of ot all 11 types were erected T The excess amount of ot apartments provided was ample to take care of or f the increased Increased growth of ot the city cares for tor a decade The logical Inevitable result of ot th's overproduction was a heavy decline In rents rens Tenants could pick choose de demand demand demand de- de I mand and dictate to the limit and no noman noman noman man could could say ay them nay This This' condition condition condi condi- tion existed d for ten long lorg O g weary years |