"And housing was much cheaper because property taxes paid for college and kept housing affordable by promoting efficient use."

I'm not sure what that sentence means since it contains no factual information.

Let me explain it. College was dirt cheap compared to today, but it wasn't FREE for 'Boomers', and Pell grants began in the 1970s and have increased yearly. Nor did property taxes pay for college or 'promote efficient use'. Property taxes paid for public school, K-12, NOT college. Housing was affordable because Savings and Loan institutions were set up to provide affordable mortgages but those went bankrupt in 1989, after a lot of insider trading, much of it from politicians. And the majority of those institutions that failed were in Texas, no surprise there. Mortgage rates were low from the 1950s to part of the 1970s. Reagan brought in the big push for 'austerity' in government spending, cut taxes dramatically on the rich and big business and began the huge runup in the National Debt. Property tax limits were NOT put in place around 1978 'to protect those with homes', and I'm not aware of such limits in any states, although maybe that was done (which I find doubtful) in a few high tax states but not in 'every state'.