The Californian And Overland Monthly volume 75

Cover The Californian And Overland Monthly volume 75
The Californian And Overland Monthly volume 75
William Martin Shepard
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High taxes and bad government generally, combined with economic causes have discouraged the erection of build- ings. If the annual increase of buildings does not keep pace with population, there comes a scarcity of habitations and then the rent profiteers, chiefly the lessees of apartment-houses proceed to prey on their defenseless victims. That is human nature. Decrease of production has caused profit- eering in all lines.
I shall endeavor to show that extrava- gant government is at the bottom
... of the scarcity of houses which gives rent profit- eers their golden opportunity to rob a suf- fering public. Honest investors have been kept from buying real estate and putting up the average number of buildings, by the fact that other investments have been far more attractive. War and talk of revolution alarm timid people. The own- ership of city property, which should be looked on as the safest investment is not. The politicians are now trying to lay all the blame on the profiteers and divert from themselves the storm of public anger.

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