Re: Detroit's Bankruptcy Goes Far Beyond Its City Limits
posted at 7/22/2013 3:07 PM EDT
In response to bigdog2's comment:
In response to UserName99's comment:
Detroit is not alone in its challenge. Many cities face a tremendous and very fundamental challenge: They create a huge amount of value just outside their borders, and they have no way to capitalize on that value. Detroit's suburbs are among the nations' wealthiest.
No wealthy suburb would even exist if the city it grew up around hadn't been there first. If these suburbs were plucked from their metro area and plopped down on their own in the middle of nowhere, few would have any value at all.
Even for suburbanites who rarely go to the city, their proximity to a city feeds their economy, contributes to their overall quality of life, and boosts their property values significantly. The same property far from any city would be worth much, much less. Yet the city doesn't see a dime of revenue from the suburban propery value it creates - or from a large part of the economic activity.
Basically, a city creates huge positives for suburbanites while struggling to bear huge internal costs entirely on its own.
To suscribe to this logic, your theory let`s call it, as you provide zero data, links, or backup, we would be asked to believe that Dorchester, Roxbury, and Murderpan, "contribute to the overall quality of life and property values" of say.......Milton? Westwood? Needham? Newton?
LOL! The city hurts property values.
Detroit was/is completely mismanaged by 50 straight years of Democrat mayors and Democrat legislature.
Sure thing jmel.....The City of Boston hurts the property values of its suburbs. Whatever you say.
And if I use your logic, then Boston would be in the same shape as Detroit......because of democrat rule, wouldn't it?