I disagree completely. Carmel's approach of building a big fancy new neighborhood all at once is the exact opposite of StrongTown's suggested approach of making small incremental improvements spread across many poor neighborhoods.
[1]
> Rely on small, incremental investments (little bets) instead of large, transformative projects.
> Inspire by bottom-up action (chaotic but smart) and not top-down systems (orderly but dumb).
> Seek to conduct as much of life as possible at a personal scale.
> Obsess about accounting for revenues, expenses, assets, and long-term liabilities (do the math).
[2]
> Spreading your money out over many small different investments gives you a large hedge against risk
> These places are built all at once to a finished state. Today is peak wealth; it's all downhill from here, regardless of how much public investment is made.
[1]
> Rely on small, incremental investments (little bets) instead of large, transformative projects.
> Inspire by bottom-up action (chaotic but smart) and not top-down systems (orderly but dumb).
> Seek to conduct as much of life as possible at a personal scale.
> Obsess about accounting for revenues, expenses, assets, and long-term liabilities (do the math).
[2]
> Spreading your money out over many small different investments gives you a large hedge against risk
> These places are built all at once to a finished state. Today is peak wealth; it's all downhill from here, regardless of how much public investment is made.
[1] https://www.strongtowns.org/journal/2018/8/22/the-more-we-gr...
[2] https://www.strongtowns.org/journal/2017/1/10/poor-neighborh...