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In 1887, Edison embarked on a project that would later prove to be a huge fiasco. He proposed an idea of extracting iron from low-grade ore and was immediately ridiculed by an editorial who called the idea "Edison's Folly." The stubborn Edison immediately invested his own money and built a huge plant and a town around it, only to find years later that it would be far cheaper to mine iron ores!
So, left with all of the heavy machineries from the failed ore project, Edison decided to get into the cement business. He noticed that one could mold concrete into a wide variety of shapes and thought that he could build a house by pouring concrete into a single, giant mold! And not only the house: "everything from bathtubs, windowsills, staircases, and picture frames to electrical conduits and reinforcing rods would be molded right in." (Source: American Heritage)
Edison and a model of his concrete house. 
Edison, who grew up poor, thought that he could solve New York's housing problem and clear out the slums by mass producing affordable working man's houses. But first, he needed a model: Edison hired a high-profile architecture firm to create a two-story, two-family house "in the style of Francis I." At Edison's request (he didn't want to be known as "the father of ugly houses"), the model came with a large front porch and intricate exterior moldings.
This, of course, turned out to be impractical - so Edison downscaled his plan and casted his first concrete house on Hixon Street in South Orange, New Jersey, in 1911 (it was later demolished to make way for a supermarket and a parking lot).
Edison's cement houses. Photo: Edison National Historic Site - US National Park Service
In 1917, with Edison's blessing, pocket-watch magnate (apparently there was such a person) Charles Ingersoll constructed 11 concrete houses and offered them at $1,200 each - roughly one third of the usual price - but not a single house was sold!
Some historians and Edison biographers blame the publicity and Edison’s grandiose predictions for the demise of his most altruistic endeavor. No one wanted to live in a house that had been described as “the salvation of the slum dweller.” People were too proud to be stigmatized as having been “rescued from squalor and poverty.”
But there may have been a more important reason for the Edison monoliths’ failure to catch on. The architect Ernest Flagg, writing in Collier’s Weekly seven years later, noted that “Mr. Edison was not an architect— it was not cheapness that wanted so much as relief from ugliness, and Mr. Edison’s early models entirely did not achieve that relief.” From looking at them, it is hard to disagree.
Wait, what about those concrete furniture and piano we talked about? Well, in 1911 Edison boasted that concrete furniture could be made just as attractive as wood but cheaper and more durable. He went on to use air-impregnated "foam" concrete to make a piano, bathtub, and cabinets for his phonographs. Like his concrete houses, however, the Edison concrete furniture just never caught on. (If you have a picture of Edison's concrete piano, please let me know!)
Edison's concrete phonograph cabinets. 
Photo: Edison National Historic Site - US National Park Service

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