Evening star., 1934-02-10
CENSUS TENDENCY
CHEERS REALTORS
Sir Raymond UnWin Tells
How Shift in Families
Is Helping.
CONTINUED From First Page.)

employment relief, in the amount of
labor is 1915. You may either pay
that labor $375 for not building the
house, or you pay $500 and you
have your house.
do you realize that II you put that
$375 in the bank and let it accumulate
interest at 31a per cent, you will pay
the whole cost in 40 years, and will
have house as a earning
asset for the rest of your life? The
English government allows amortiza-
ton over a period of 60 years because
1t is convinced that such housing ex-
penditure is sound investment"
Slum Clearance Hit.
Slum clearance, Sir Raymond point
ed out, is the slowest method of at
tacking unemployment. In America,
you are beginning largely at the slum
end" he said. "Our experience in
England shows that, as an emergency
means of fighting unemployment, you
should realize that it is the approach
which will take the longest time to
get going.
IL ~ S LIuc tlidI yOu lidFC W bC-
gin mainly at the end of clearing
before you can build, you must realize
that it involves being rather slow in
getting to work. You would fight
unemployment more quickly if you
could start building new houses on
lands already clear.
THE housing problem is simply one
section of city planning. A house is
designed to be a comfortable and
efficient home for family life. and If
properly designed should be trans
ferred from a mere living place to all
that we mean by the word home
capable of arousing deep affection.
The idea of city planning is to make
the city home for the community
in the same sense.
I'VE try to apportion different
functions to different parts of city
planning. Just as we have different
functions in the home-activlties of
] kitchen, bed rooms and other rooms.
This is the philosophy of town plan
ming In a nutshell. The location of
| houses in relation to places of work is
| part of the problem.
We In England have also had a
great deal of unemployment in later
times, and must say that I want to
| support as strongly as possible the use
of housing as a means of fighting I'M
employment. and as stimulus TO sci
the wheels of industry going around
again.
II notice a very great difference
more than ever before-in the general
attitude of your people toward real
estate and real estate problems. This
difference is fundamental. The rea-
son 1t is so difficult To agree is that
so many things we argue about are
largely matters of mental attitude.
The whole question Is merely q
trick of maintaining a confidence. and
the reason you have no settled
| philosophy Of economics about it is
| that you cannot have scientific ex-
PLANTATION of what anv particular
group Of people will have confidence
in for any time!
Almost always in England. ",
think Of real estate in terms Of rent
We hardly ever think in terms o.
capital appreciation to be secured b!
! selling at some future date for {
higher price. we have had quite a
bad a slump in Industry as you have
but the effects on real estate have
been totally different
Our shake-up consisted of having
! our banks say: We will convert out
standing Is per cent? loans into 81:
per cent loans. and fix the basis fo
secure money at 3l2 per cent insteac
of per cent The effect of this or
real estate was that prices went up
Instead Of a slump of real estat,
| values, we had an accretion. Think
ing always in terms of longterm in.
come, we do not have the pushing
up Of real estate value in times o