The most import thing to take from this is that American pattern of suburbanization was a government choice.
Highways, suburbs, and car domminance would not exist anywhere near the scale that they do without massive government subsidies, or turning a blind eye to future expenses.
Theres also discounting the negative externalities of fossil fule emmissions on the planet and human health.
Ironically the libertarian types tend to prefer the type of development that 90% couldn't afford without subsidy.
Just like we shouldn't have bailed out the banks in '08 or junk bond holders in '20, we shouldn't bail out municipalities that borrowed too much from the future.