Ok, so back in the 1930s housing was mostly decided by small, local banks. They had to be small and local because their main job was making loans, and small local banks knew best who was trustworthy or not. It used to be a thing that the three most trustworthy people in a town were the bank manager, the priest and the doctor, because they knew everyone's business and everyone depended on them. The loans they tended to make, were for two story mixed-use buildings with a retail unit on the ground floor, and a housing unit above. Those were the standard "safe" type of development that was guaranteed to have a lot of demand back then. Unfortunately, there was a rising generation of globalists who thought they knew better. They had grand dreams of whole cities centrally planned from the get-go. The idea of small banks directing development based on what local people actually wanted didn't appeal to them, because that system would never fund their grand visions, so they had to get government involved. The wall street crash gave them their opportunity. FDR leveraged the crisis to bring in sweeping changes to the country's financial system. One of the concerns he had was that the banks were being too conservative: they weren't taking enough risk. So he created a new system where banks could make a certain number of loans, and the government would guarantee those loans with taxpayer's money, freeing the banks up to make more loans. The only catch was that the banks had to make the kind of loans the government wanted. So instead of the banks deciding which loans should be made on the basis of intricate knowledge of the local economy, the government would decide which loans would be made on the basis of the visions of their central planners. Banks went from being experts in local financial risk to being experts at applying government regulations. And the thing about interfacing with governments is that it doesn't pay to be small and local, so gradually they all merged or got bought out. And the ones who tried to keep doing things the old way got outcompeted by the free capital being showered out by the government. In order to manage all of this, the feds created two quasi private companies (Fannie Mae and Freddie Mac) to handle all the paperwork and decide which banks got which loans covered. And that's how the suburbs happened. Suddenly whites couldn't get loans to build houses in the towns they had spent generations making, they were pushed out into the periphery into new modernist developments where they had to spend half their day commuting to work (creating demand for government built roads) and nobody knew their neighbours. The towns and cities they had put so much work into developing were bought out by jews, allowed to decay, then replaced by soulless architectural monstrosities. And that's not even the worst part: Because politicians now controlled the level of risk allowed in the market, they were free to boost home-ownership and overheat the economy whenever they felt like for positive press. The voters and the casual media-browsing public didn't know any better. All they knew is that when they voted blue they tended to get cheaper loans and a booming economy, so they keep voting for free stuff, why wouldn't they? But there's no such thing as a free lunch, and eventually the inevitable happened and all those sub-prime loans went bad. Who'd've thunk it, lending millions to broke niggers results in a lot of defaults. And that's what happened during the financial crisis. The loans went bad, the housing market crashed, and the investors were suddenly holding a lot of useless paper. So the government bailed out the banks, they bailed out Fannie Mae and Freddie Mac and started the whole thing running again. In fact, not just running, they pressed down a little harder on the gas pedal. Oh and they've also expanded the same system to student loans, thanks Obama. So the financial crisis is going to happen again and again and again. In fact there's probably one happening right now. Every time it happens the banks will be blamed (but bailed out) and the papers will talk for a while about the "boom-bust cycle of capitalism" and the government will take a little more control of the economy, just to keep things working properly.