Re:Warren Buffett Sees Most Newspapers as ‘Toast’ After Ad D...
by cagenut on Wednesday April 24, 2019 @08:55AM
(#19737829)
fwiw, separate from the topic at hand, your experience of shockingly large road/sewer bills coming due is rapidly going to become normal. for a walk through of the math check out about three minutes of this video: https://www.youtube.com/watch?v=CVaEmg-S-j0&t=10m50s
most of these american exurban developments of 50 - 250 homes, with no other meaningful town or tax base, down winding side roads and cul-de-sacs, got built starting in the 80s and really ramping up in the 90s. they are all 40 - 60 year infrastructure financial time bombs.
the math never worked, it was just built on a long enough horizon that everybody got to assume it would be someone elses problem.
most of these american exurban developments of 50 - 250 homes, with no other meaningful town or tax base, down winding side roads and cul-de-sacs, got built starting in the 80s and really ramping up in the 90s. they are all 40 - 60 year infrastructure financial time bombs.
the math never worked, it was just built on a long enough horizon that everybody got to assume it would be someone elses problem.