I sold a 1BR condo in the

[(former)FormerSanDiegan]

I sold a 1BR condo in the early 90’s for 29K.

OOOps. So, we should take your advice ?

I would pay 125-150K for a unit that rents for $1000/ month.
Unless we had 10% inflation the last 16 years I don’t think 29K plus inflation from the early 1990’s gets you there.