1. Housing problems in cities like Springfield, Holyoke, can be blamed on suburban growth, job loss, MassInc. report says

    masslive.com Education , Financial Services
    Residential space in Springfield sells for $115 a square foot, which is a dollar less than what it would cost to build it.
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    1. 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.
    2. Once you are talking about market rate housing, people have the options.
    3. 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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