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Housing Costs in Northern Santa Barbara County, California

Housing Costs in Northern Santa Barbara County, California PDF Author: F. L. Gertcher
Publisher:
ISBN:
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Languages : en
Pages : 28

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Book Description
Vandenberg Space Shuttle contractor costs exceeded Air Force budget expectations by approximately 100 million dollars in Fiscal Year 1982. This paper presents the results of an investigation of this cost overrun. The primary cause was discovered to be Air Force underestimates of contractor labor costs. Space shuttle contractors were paying out higher than expected salaries and wages to attract scientists, engineers, and technicians to the Vandenberg area. A major cause of increased salaries and wages was discovered to be the need to compensate employees for the relatively high cost of housing in Northern Santa Barbara County, California. The influx of contractor employees and their families and the multiplier effect of the Vandenberg Space Shuttle Program are major causes of the increase in housing costs in the area. The problem of high housing costs and subsequent increased labor costs will continue until the peak of contractor personnel influx, which will occur some time in Calendar Year 1984.