Springfield faces apartment shortage due to a rise in jobs:
It looks like houses aren’t the only hot item in the market. Springfield is experiencing an apartment shortage and a local property manager says it’s because of jobs.
“I think Springfield’s blessed right now with a lot of people moving to town because there are jobs available and as a result of that, apartments are the first place to stop to find a place to live,” said Lonnie Funk.
But:
“I think a lot of people get forced into paying more for an apartment than what they can really afford to pay,” said Funk.
“It’s $900 or $1200 a month, so a single person can’t swing it,” said Bailey. “Rent’s never going to go down. I was amazed at what the rent went up here. I’m to the point where I’m about ready to go back to Florida.”
Not depicted: The Federal Government, particularly the CDC, forbidding landlords from evicting tenants who are not paying rent, which unexpectedly! should be expected to cause rents for new leases to rise and the supply to shrink.
