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Unformatted text preview: older housing have a hard time competing in the marketplace. Who wants to worry about adding a major
room addition if you can find a brand new house in the far suburbs for about the same price? We're not just being sentimental architects when we
talk about this. The disinvestment pattern has tremendous implications for the finances of the public sector. When demand
for the older houses cools to lukewarm, no one is suggesting that the municipality can abandon the street. Not only does the street need
resurfacing, but about now, those 50-year-old sidewalks are looking pretty decrepit, if you're so lucky as to have any sidewalks. And your street
lighting--well, sometimes it works, sometimes it doesn't. The developer at the edge of the urbanized area, developing on greenfields (areas that
have not been developed for urban use previously), has to install new streets and new sewer and electrical and cable TV lines. Never mind that these utilities already are available closer to the center of the city in a neighborhood whose housing stock has become slightly dated. It'...
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