Pauperism Its Causes And Remedies
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It is evident that the rent which is paid for any parti- cular house partly represents the rent of the land upon which it is built, and partly a return upon the capital expended in building the house. The relative magni- tude of these two elements which compose the rent of a house varies with its situation. If it possesses great convenience of situation, the land may be more valuable than the house which is built upon it. In ordinary cases, however, the rent which is paid for the ground is a ve...ry 76 PAUPERISM, [CHAP.
much smaller sum than the amount which represents a return for the outlay involved in building the house. Bearing this analysis in mind, it is evident that when rates are levied upon a house, they may be regarded as partly levied upon the rent of the land upon which the house is built, and partly upon the profit annually yielded to the capital spent in building the house. That portion of the rates which is levied upon the rent of the land is a charge upon the landowner. The rent, as above shown, represents the price paid for convenience of situation, and if no rates were levied upon the oc- cupiers, they could afford to pay a higher price for convenience of situation.
What to read after Pauperism Its Causes And Remedies?
You can find similar books in the "Read Also" column, or choose other free books by Fawcett, Henry, 1833-1884 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It is evident that the rent which is paid for any parti- cular house partly represents the rent of the land upon which it is built, and partly a return upon the capital expended in building the house. The relative magni- tude of these two elements which compose the rent of a house varies with its situation. If it possesses great convenience of situation, the land may be more valuable than the house which is built upon it. In ordinary cases, however, the rent which is paid for the ground is a ve...ry 76 PAUPERISM, [CHAP.
much smaller sum than the amount which represents a return for the outlay involved in building the house. Bearing this analysis in mind, it is evident that when rates are levied upon a house, they may be regarded as partly levied upon the rent of the land upon which the house is built, and partly upon the profit annually yielded to the capital spent in building the house. That portion of the rates which is levied upon the rent of the land is a charge upon the landowner. The rent, as above shown, represents the price paid for convenience of situation, and if no rates were levied upon the oc- cupiers, they could afford to pay a higher price for convenience of situation.
What to read after Pauperism Its Causes And Remedies?
You can find similar books in the "Read Also" column, or choose other free books by Fawcett, Henry, 1833-1884 to read onlineMoreLess
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