One of the greatest dangers of a "building boom," apart from the loss of invested capital always involved, is the rickety and shoddy type of construction erected. The speculative builder wants to finish his house and unload it on someone else for a quick and substantial profit. His attitude toward material, plans and workmanship is apt to be entirely subservient to this desire. So long as a house will look all right until someone buys it, he cares little what shape it will foe in a few years hence.
Franklin D. Roosevelt, President of...
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