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“ When people did work their way up the economic ladder, there was no place for them to go in the neighborhood to buy a home. ”
By Kathleen G. Anderson -
“ Once you are talking about market rate housing, people have the options. ”
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“ Housing is real durable, so when demand for housing changes, it sets off a cycle of disinvestment, because the supply doesn't contract. ”
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Residential space in Springfield sells for $115 a square foot, which is a dollar less than what it would cost to build it. (Read Full Article)
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