Publisher's Synopsis
Excerpt from Annual Report of the Commissioner of Banks for the Year 1941, Vol. 2: Relating to Trust Companies, Foreign Banking Corporations and Others Than Banks
The imposition Of war time priorities which divert building materials to war uses with corresponding restriction Of residential construction and the rise in all costs and prices may be expected to increase the value Of foreclosed properties and consequently to facilitate their sale. So, likewise, reduced yields in other forms Of investment should make sales Of real estate on an income basis more attractive, and it should be salable also as a hedge against inflation. AS against these factors, however, are increasing business dis locations which tend to strangle entire localities, increasing government competi tion int the housing business, unprecedented changes in public demand as to size and styles and construction materials in housing, and the likelihood that rents will not rise in proportion to the costs Of ownership.
Decentralization in the larger municipalities threatens to seal a permanent doom On the values Of certain types Of city properties and, in general, the property now left in foreclosure. Is Of the type that is likely to benefit least and Suffer most from impending conditions. -it is claimed that the automobile alone has increased by ninefold the usable area in every city. It is not sur prising that few tall buildings today pay their way when people and business can, with equal facility, Spread over nine times as much area as was convenient when they were built. While war conditions, and especially the changes in transportation, may somewhat reverse this trend toward decentralization, nevertheless, drastic charge Offs must be contemplated.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
