The Coming Crisis of Cities: Get Out Now While You Still Can
Who's going to be left who is willing and able to pay much higher taxes and fees to pay the sky-high legacy costs built up during the glorious 30 years of urban expansion fueled by speculative bubbles? The bubbles will collapse and bankruptcy will clear the excesses. Those who got out early (i.e. now) will be glad they acted promptly and those caught in the downdraft / decline will regret their faith in a high-cost system that was no longer affordable or sustainable.