WHITE FAMILIES SUCKED THE SUBURBS DRY
Original article: https://www.theatlantic.com/books/archive/2024/01/benjamin-herold-disillusioned-suburbs/677229/
That’s not how that works. Suburbs can’t be a ponzi scheme. Get the fuck out of here with that click bait bullshit.
Suburbs can’t be a ponzi scheme
Genuine question: Why not?
While the article indeed barely touched on its headline, the way I’ve seen the “suburb infrastructure upkeep problem” described seems indeed reminiscent of a ponzi scheme.
The way I understand it:
Suburbs have a relatively low initial cost (for the city) compared to the taxes they generate. However, their maintenance cost is relatively high because Suburbs are huge.
Thus, US cities have long had a policy of paying the rising cost of their older Suburbs by creating new Suburbs - which is pretty analogous to a Ponzi scheme.