THE HOUSE SHORTAGE

Press, Volume LXXII, Issue 21802, 6 June 1936, Page 24

THE HOUSE SHORTAGE

to t»* bxjitub or tsb pmbb. Sir, —I notice a block headline in your columns this morning “The House Shortage,” ‘‘Problem Said to be Acute.” Now, as a constant reader of your valued paper I am somewhat loth to doubt the veracity of any statements published as I have found the paper very reliable, but I could not help wondering how much real truth there was in the statement. I have a property for which I paid £1175 and which I have tried, without result, to sell for £775, the £4OO difference representing hard-earned savings. The property is in good order, quite a nice little home, yet I cannot sell it, and I know of quite a number of similar cases. Now, according to the good old economic law of supply and demand, if the statements regarding "house shortage” are correct, this property should be readily saleable at a considerably better figure. The fact remains that it is not saleable. There being no satisfactory explanation on economic lines, I seek enlightenment from you or readers of your paper as to why, in spite of acknowledged shortage, property is unsaleable even at “bargain” rates.—Yours, etc., FLOORED. June 5, 1936. [The article concerned dealt with houses for rent. Thete is a considerable difference between selling and letting a house.—Ed., “The Press.”]