Comment 73653

By Ryan (registered) - website | Posted February 02, 2012 at 11:03:02 in reply to Comment 73652

The reason that people don't save up to buy a car or house isn't because it's cheaper to borrow for those purchase, but because it takes so very long to save up for them and we typically need them soon.

That seems just as true for essential municipal infrastructure - roads, water, sewer, etc. - as it is for essential personal habitation and transportation.

People at least have the option of renting/leasing and paying monthly instead of purchasing/financing. A city cannot rent roads.

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