Here’s another data point for you. I rented a studio in old town/mission hills area in 1979/1980. Rent was $120/month. I was making just above minimum wage working for Wawanesa insurance ($3.90/hour – I think minimum was either 3.10 or 3.35). I could survive (albeit my diet was more ramen than steak.) The place had a fabulous view – but was a dump.
The same apartment rents for $985 now. (Just googled the latest listing.
