Why American Cities Are Broke - The Growth Ponzi Scheme [ST03]

What people said

ARandumGuy · 2022-08 · Strong recommendation

> Do you have a citation for this? I don't have a citation for construction costs, and I will concede that there are many factors that may make some low density developments cheaper per unit then some higher density development. However, construction is only part of the picture. Low density development imposes terrible financial costs for cities that contain them. That's because the taxable value per square mile is much lower, but infrastructure (sewer, roads, etc) has the same per-mile maintenance and replacement costs. The infrastructure maintenance costs in many low density developments is often greater then the amount of tax revenue the development generates. For more information on the hidden costs of low density development, I can't recommend this video [1] by Not Just Bikes enough. [1] [VIDEO]

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kd913 · 2022-03 · Strong recommendation

I don't think you understand how much it costs to maintain the infrastructure to your house. Not Just Bikes did an excellent series on this specific problem. [VIDEO]

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crote · 2024-06 · Recommendation

In large parts of the United States it should affect single-family homes. A lot of cities constructed their suburbs with one-term fees and subsidies, but are charging extremely low taxes on the houses once constructed. In fact, the taxes are so low that they don't pay for the upkeep of the infrastructure required to service those houses. They are losing money on every house and are trying to make up for it in volume! The sole reason they have been able to continue is because the dense urban core is subsidizing the suburbs. But it'll inevitably end up with decrepit and neglected infrastructure, and cities going bankrupt. The only way to solve this is to increase the revenue per land area, which means a higher land tax, which in turn means a bigger tax increase per-person for single-family homes than for multi-family dwellings. If you want to know more, the following NotJustBikes videos are a good introduction of the subject: [VIDEO] [LINK]

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