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dublinben  ·  194 days ago  ·  link  ·    ·  parent  ·  post: Charles Marohn: America's Growth Ponzi Scheme

    whereas in the case of urban sprawl, you have both municipal infrastructure and housing stock

Strongtowns actually has an old article addressing this assumption. Most municipalities probably shouldn't be counting in-the-ground infrastructure as a financial asset, rather than a liability.