From “Only Yesterday,” Frederick Lewis Allen’s classic 1931 history of the nineteen-twenties:
The suburban boom itself did not begin to languish in most localities until 1928 or 1929. By that time many suburbs were plainly overbuilt: as one drove out along the highways, one began to notice houses that must have stood long untenanted, shops with staring vacant windows, districts blighted with half-finished and abandoned ‘improvements’; one heard of suburban apartment houses which had changed hands again and again as mortgages were foreclosed, or of householders in uncompleted subdivisions who were groaning under a naively unexpected burden of taxes and assessments.