THE GOVERNMENT AND RENTS.
The Prime Minister is most emphatic that he will not allow house owners to put up rents. Yet the Government was the first to put up rents with the first signs of better timee. True, it was not the Labour' Government, but it proved that rents are fixed by the law of supply and demand. If house owners are forced to take an uneconomic rent, no houses will be built to let, and the position will become worse for those looking for houses. The Government proposes to build houses., Where will it build them ? If it .buys land on a big scale up g«es the price of land to eveiybody. The same will apply to building material. It will have to pay standard wages and full prices for everything'else. If it lets houses for less than what will pay interest, rates, insurance and repairs and depreciation, then we taxpayers will have to make good the loss. The Government has already lost millions if money through lending too much on houses and buying land at fictitious prices. It was the aftermath of this that made the slump more intensified, and the people should strenuously oppose a repetition of the same thing. HOUSE OWXER.
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Auckland Star, Volume LXVII, Issue 117, 19 May 1936, Page 6
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206THE GOVERNMENT AND RENTS. Auckland Star, Volume LXVII, Issue 117, 19 May 1936, Page 6
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