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by dangus
97 days ago
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“Seem to be” being the key words. There’s been somewhat of a continuous cycle of movement with the upper class of America that goes something like this: 1. Move in to the latest newly constructed suburb with low taxes and fresh housing stock 2. Infrastructure ages, tax rates increase, housing standards evolve, the upper class moves to the next new suburb built on former farm land 3. The inner suburb declines, becomes low-income, companies leave, and infrastructure crumbles. Municipal debt piles up, sometimes the city goes bankrupt. This is especially obvious in cities where regional growth didn’t continue upward forever. I recommend reading up on Strong Towns’ growth ponzi scheme content. |
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