[fintechpwmMEdev]

It would be interesting to find out how much debt these "superstar" cities have taken on and the structure of their "portfolio"s. Almost all revenue generation done by local municipalities is through property taxes so it's very important to evaluate these places by some sort of Sharpe Ratio or else you're just encouraging these places to be the next Detroit.

[bilbo0s]

True, but not all of them will fail. A New York, or Boston, or San Fran for instance are in a much different position than, say, a Nashville.

But you're right, it's more than just what you see on the surface. No question about that.