Middle class aspirations and the small house in California. Credit and finance. Necessity of credit for large, long-lived structures. The low-interest mortgage and American housing. Savings and Loans for housing.
Savings flows out of the city.
Red-lining and decline in older areas and racial ghettoes. Every growth boom is a credit boom. The great property booms of the past. The go-go 1980s and housing inflation in California. The crash of the 90s.