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The theory is that as the infra crumbles, it becomes unattractive and the affluent move elsewhere. Or, property taxes are raised to fix the roads- and the afflu
by ip26 7y ago
The theory is that as the infra crumbles, it becomes unattractive and the affluent move elsewhere. Or, property taxes are raised to fix the roads- and the affluent move elsewhere. Either way it starts a downward spiral of decreasing appeal & property value, and increasing cost. Which leads in to inexorable decay.
People still live there, but it becomes a trap for the people who can't afford to get out. Strongtowns argues this fate was inevitable given certain initial conditions- subsidized infrastructure, underfunded maintenance liability, etc.