Marcus Crassus became the richest man in Rome partly through real estate. He created the first fire department in Rome. Sometimes he paid arsonists to set fire to a house and then he would wait around the corner with his fire fighters. When the fire was underway, Crassus and his men would come running to the rescue. But before they would put out the fire, Crassus would negotiate with the owner. How much was he willing to sell the house for? If the owner found this unreasonable, Crassus would patiently wait as the fire consumed the building. As time passed, the price for the house went down. Usually, the owner would decide to get at least something for his house. At that point, the fire department would put out the fire. Then Crassus would have the lot cleared and a tenement building put up.
– Daily Life in Ancient Rome by Dupont p.54
0 Comments