Show i ri 1 M Moral T Tone on Affects Value of 01 Property The Tue morals morale of ot a c community b have ve u a definite and material effect on real es estate estate es- es tate values according to Thomas Craddock Craddock Crad Crad- dock elock Hughes assistant district at attorney attorney orney or- or ney of ot Kings county New York lie Ue sold said Let the general moral tone of f a neighborhood drop and Invariably Im there is a n subsequent depreciation of or property Op ty values The landlord subconsciously subconsciously J s 's reverts retta r fo Co this this' princIple principle hen he Inquires not only ony as Is s to the Uve t mints mint's nt's ability to pay rent but al also o as to his character ter and lion tion We have seen Mr Hughes said several striking examples of or this in New York city An old residential neighborhood of con conservative people where values are Ie established and aud normal nor nor- mal becomes th the site of ofa u a night night cl clu club b reputation is Is not e exactly tI savory sa a and d which caters to toa a n lawless patron patron- age The mere Installation of r equip equipment q lp ment of the Ja Jazz i pal palace jalace ie s tH li cis as n a a band and possibly a a bar bur points the the finger of dI disrepute at th the lse ifon I If If there be any raids by federal authorities ties the fac fact becomes widely known and the market for Cor adjoining property Js is practically destro destroyed d. d If If there afe are area a number of such establishments withIn within with with- in Inia 0 a small area are their proprietors will profit at the expense pense Of every other ne near near-by r-by r property owner owner |