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Page 312 of 2651

Author: Adam Smith

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The dearness of house-rent in London arises, not only from those
causes which render it dear in all great capitals, the dearness
of labour, the dearness of all the materials of building, which
must generally be brought from a great distance, and, above all,
the dearness of ground-rent, every landlord acting the part of a
monopolist, and frequently exacting a higher rent for a single
acre of bad land in a town, than can be had for a hundred of the
best in the country; but it arises in part from the peculiar
manners and customs of the people, which oblige every master of a
family to hire a whole house from top to bottom. A dwelling-house
in England means every thing that is contained under the same
roof. In France, Scotland, and many other parts of Europe, it
frequently means no more than a single storey. A tradesman in
London is obliged to hire a whole house in that part of the town
where his customers live.

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