Submitted by [deleted] t3_10myozy in springfieldMO
VaderTower t1_j696x1l wrote
Reply to comment by malevolentk in Nixa’s Giddens Says Developers Consider Springfield Closed For Business. by [deleted]
Getting quality entry level, affordable housing, requires money being allocated from the city or state. No one is going to build a house or apartment that loses money for the good of society on their own dime.
Kind of like I wouldn't be willing to buy an extra house, and rent it for less than my loan for it, effectively losing money. A developer just won't develop any new property, entry level, workforce, luxury, etc if they aren't going to make money.
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