The Archive · 1926

A Boomerang on Houses

The house tax is to be "four, four, two." Four tenths for the owner, four tenths for the national government and two tenths for the loical officials. One coald wish that} before this enactment became lay, its promoters would study the effect that war legislation had on the housing" problem in Europe. As an Jemergency measure, landlords were forbidden to increase the rents their property during the duration lof the war, The price of evorything else Sosred, but rents, perfforec, remained stationary.' This ]was regarded as a necessary pre-Jeaution because, while husbands and sons were at the front, it was impossible for, the women to carry on rent became an intolerable bur-

But what was the result? Rates so increased that the rents received, from house property, were _insuflijeient to meet them.', People who thad invested their savings in' real estate found their holdings an cx-'

Text read from the printed page and cleaned; old type leaves the occasional error.

Your account