1944 - Architecture, Real Estate

Architecture, Real Estate

The G.I. Bill of Rights signed into law June 22 will provide 4 percent home loans to veterans with no down payment required. Two-thirds of Americans have been rental tenants; the new law will subsidize a postwar building boom that will make two-thirds of Americans home owners, encouraging a mass exodus from U.S. cities that will deplete major metropolitan areas of middle-income taxpayers (see Levittown, 1947).

A large-scale migration of Americans from rural to urban areas begins. The shift will create major problems in cities.