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Suburbs didn’t just outcompete cities, the federal government virtually subsidized them with cheap land (via federal interstate system) and mortgages.
by cpursley 3y ago
Suburbs didn’t just outcompete cities, the federal government virtually subsidized them with cheap land (via federal interstate system) and mortgages.
- mrpopo 3y agoSubsidies for suburbs go deeper. Spread out houses means longer water pipes, electric lines, transformers, etc., paid and maintained by local governments. You might pay more taxes for owning more land, but nowhere near as much as what you owe your community. More details here : Suburbia is Subsidized: Here's the Math [ST07] https://www.youtube.com/watch?v=7Nw6qyyrTeI https://www.youtube.com/watch?v=7Nw6qyyrTeI
- cpursley 3y agoYep, “The Growth Ponzi Scheme” is a classic: https://www.strongtowns.org/journal/2020/5/14/americas-growth-ponzi-scheme-md2020 https://www.strongtowns.org/journal/2020/5/14/americas-growt...