There is a Horatio Alger-type story about housing that is an important part of the American Dream. The boy-(or girl)-makes-good story goes something like this: “Matthew” is raised in a working-class neighborhood. After Matthew graduates from high school (or college) and gets his first job, he has little money and can only afford to rent a tiny apartment in a working- class or poor neighborhood. With time however, Matthew is able to build capital and gradually moves up the housing ladder, every decade or so purchasing in increasingly “better” neighborhoods with “better” schools, more amenities, and less crime. By the time he is middle-aged, Matthew has “arrived” and secured a comfortable place in the middle class.