Word: low-cost
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...Steel and Bethlehem, the company lost $29 million, and there is no immediate prospect of getting out of the red. Melchett has been frustrated in efforts to cut costs, partly by the government's policy of protecting the nationalized coal mines. BSC is not allowed to import low-cost foreign coal, and purchases of foreign oil are taxed extravagantly; as a result, steel's fuel bills are excessively high. To pay them, and the costs of modernization, Melchett proposed steel price increases totaling $128 million a year...
...they are placed on concrete platforms and usually stay in place permanently. Put together by semiskilled workers on the assembly line, the mobiles have been largely unaffected by the soaring costs of conventional construction. Within the past ten years, they have become by far the No. 1 source of low-cost housing in the U.S., accounting for at least three out of every four homes sold for less than $15,000. Sales reached 300,000 units worth $2 billion last year, and they are likely to top $3 billion...
Next to inefficient workers, Decio abhors waste. He believes that its most flagrant form is the payment of interest on borrowed money. Thus, Skyline's expansion has all come out of profits; it has no outstanding debt at all. Because of the tremendous need for low-cost housing, Decio can name his own terms. When his dealers order mobile homes, for example, they must pay in advance -an unusual practice in any industry where each unit for sale represents a large investment of cash...
...City government's role in housing is complex, but one element of it emerges clearly. The most direct way we can insure an adequate supply of housing at reasonable cost is to produce one. We must stop talking about "low-cost" housing, at least in the short range; there simply is no such thing, given the high costs of land, labor, materials and mortgage financing. What we can prouce is housing for for low and moderate income families. The only way we have to do that, at present, is to build housing whose cost to those who live...
...temporary jobs for scores of students. Together, the three student unions have a fulltime payroll of 1,000, including the hotel managers, who are picked by the elected student councils. Since the wholly student-owned enterprises pay no income tax, they can reinvest heavily in new ventures, chiefly additional low-cost student housing...