Think California has a housing crisis?
Here’s what the real thing looks like: 16 million people, all suddenly out of work, all needing places to stay and ways to gain a foothold in the American economy. This was the situation in 1944 and it was a crisis.
The millions were the men and women serving in World War II. Just two weeks after the D-Day fight to take Omaha Beach, and in anticipation of soldiers returning home, FDR signed the first GI Bill, which gave legions of returning veterans a chance to borrow the money for a home.