Housing By Voluntary Enterprise: Being Chiefly An Examination of the Arguments Concerning the ...

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Housing By Voluntary Enterprise: Being Chiefly An Examination of the Arguments Concerning the ...
James Parsons
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When capital is plentiful and the rate of interest is low, an investment which yields a moderate return is naturally 56 STORY OF A BUILDING COMPANY.
more sought after than when capital is scarce and the rate of interest is high.
It is desired to reiterate that this account of the East End Dwellings Company has been given as an illustration simply because the author has had personal experience of its management. Voluntary enterprise in house-building assumes many forms. The commercial company ma
...y not be the most typical method of its working. The private owner and the speculative builder doubtless exceed the commercial company in the extent of their several operations. It seems probable, however, that sooner or later those who have capital at their command, if they be not frightened by the competition of the State, will awake to the opportunities of secure investment which the business of housing wage-earners affords. Such invest- ments will then take the place among recognised securities to which their intrinsic worth entitles them.

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