
Once upon a time, the Golden State was the land of golden opportunity. In postwar America, California was sunny and sprawling, with a booming economy, plentiful employment opportunities, and comfortable middle-class neighborhoods. It was a great place to work, own a home, and raise a family. California was the American dream.
Over time, something changed. California was never exactly a cheap place to live. But more and more, it became prohibitively expensive—especially in and around San Francisco, the epicenter of the tech industry.