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Economic Policy

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Smaller Homes May Spark Recovery, Chester Smolski Jan 1992

Smaller Homes May Spark Recovery, Chester Smolski

Smolski Texts

"On the surface, it looks good: The stock market has recently broken through the 3200 level, the Federal Reserve Board has cut the discount lending rate by half over the past year to a 27-year-low of 3.5 percent, the average 30-year, fixed-rate mortgage has reached an 18-year low, and the housing affordability index has reached its highest level in 17 years. So why is housing still in the doldrums?"


Land Costs Make For High-Cost Housing Starts, Chester Smolski Oct 1990

Land Costs Make For High-Cost Housing Starts, Chester Smolski

Smolski Texts

"Here in the Northeast, where housing prices are among the highest in the nation, it is difficult to find measures to reduce the price of housing to make it more affordable. Even with talk of an impending recession, house prices have moderated only slightly, and the real estate business finds itself in a very troubled state."


Who Are Nation's Poor? Census Pores Over Stats, Chester Smolski Jun 1989

Who Are Nation's Poor? Census Pores Over Stats, Chester Smolski

Smolski Texts

"A wise old Englishman once said, 'The governments are keen on gathering statistics; they collect them, add them and raise them to the nth power, but you must never forget that in the first instance they are given by the village watchman who just puts down what he damn well pleases.'"