Earlier quoted context omitted.
Ponzi's are very attractive too, for a while. People get a lot out of Ponzis. "the revenue collected over time does not come near to covering the costs of meeting these long-term obligations. Development spread out over a broad area is very expensive to maintain. Over a life cycle, a city frequently receives just a dime or two of revenue for each dollar of liability... Decades into this experiment, American cities ha…
You need to quit reading strongtowns and start thinking. Every city has deferred maintenance and unmeetable promises, most of it is maintenance that it is more cost effective to defer. We don't need perfectly smooth streets, so defer minor maintenance makes sense. Most unmeetable promisees are things they never intended to meet. Suburbs have existed for over 100 years. If there was a problem we would see it all over,…
"We've been throwing carbon dioxide into the atmosphere for hundreds of years. If this was a problem we'd be seeing the consequences of it by now."
Anyone who's looking does see the problem. Meanwhile there's a critical mass of people whose lives and identity revolve around the status quo and who simply prefer not to see it. The people who see the problem have been trying to tell you (and everyone else) about it, and it continues to fall on deaf ears.