Just a generation or two ago, Americans believed that if you worked hard, saved your money, behaved responsibly, and avoided doing something incredibly stupid or going to jail, you might eventually be able to buy a house. After the Second World War, millions of relatively affordable houses went up across America, helped by suburban expansion, automobiles, and eventually the Interstate Highway System. For many boomers, the life they knew included one working parent, larger families, stronger communities, widely available public education, safe neighborhoods, and a decent house in which to raise a family. The middle class was like a vast ocean. These opportunities were not available to everyone. Black Americans were still struggling for equality, and discrimination denied many families the opportunities others took for granted. Yet the early 1960s also carried a sense of hope, despite all the obstacles.
In those days, to own a home, you generally did not need a hedge fund, a trust fund, or a father who happened to own half of Beverly Hills. Most people needed a decent job, a little discipline, and perhaps a spouse who shared the same ambitions and helped support the effort. Complaining about property taxes was a problem most people wanted to have. Once the boomers got in charge, they decided this was an extravagant arrangement.
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