Re: Open History and Eureka Valley

09/14/17 - posted by Frank Dunnigan

The Western Neighborhoods were a stable place to grow up in the post-World War II years, thanks to Cal Vet and "no down" GI loans. From 1948 to 1968, after a down payment of only 10%, my parents paid $42 a month on their Cal Vet loan--less than the rent on a 1BR apartment in the Marina where they spent their first year of married life. And with so many families connected to solid employers like City/State/Federal government, shipping and manufacturing, banks, insurance companies, utilities, and big retailers, there was little to no chance of a job layoff or "downsizing" so most Moms were able to stay home, managing the house and the kids. However, with open land quickly disappearing, a wave of baby boomers reaching adulthood by the early 1970s, tens of thousands of new residents, and parents who mostly chose to "age in place" rather than downsize to an apartment, it was predictable that housing prices were going to be going UP, UP & UP!

The Western Neighborhoods Project is a 501(c)(3) nonprofit.