complete and utter incompetence by local elected officials. If one of the richest towns in America (average home price of >$2m) can do it - just imagine how bad

complete and utter incompetence by local elected officials. If one of the richest towns in America (average home price of >$2m) can do it - just imagine how bad it can be in "average" towns... https://observer.com/2010/07/the-collapse-of-east-hampton-how-one-of-the-countrys-priciest-towns-went-broke/ https://observer.com/2010/07/the-collapse-of-east-hampton-ho...