When I was in my early 20s, I moved to LA. Got an apartment for $85 a month in a nice neighborhood. All my friends had apartments, cars, and entry-level jobs. We didn’t live like queens, but we could afford decent one-bedroom apartments in nice neighborhoods, reliable cars, and still have some spending money. It was easy. Now those same neighborhoods are barrios, but the rents are at least $1,600 a month for a one-bedroom. I know people in their 30s and even 40s who still live with their parents. The only way a kid can move out is to have several roommates. It’s ridiculous.
We sure threw away a great country.
LA a slum lord city stuffed with illegals, high taxes and government paid housing... hence the price rises
Minimum wage increase instead of deiving costs down makes it worse, heck, that is the goal to raise further taxes on “trillionaires” who keep inflation going
To pay off my student loan those many years ago, I taught for 5 years after getting a credential. On the basis of signing my first contract, which was about $9,000, I qualified for and bought my first home, a nice 3-bedroom home in Claremont, CA for $19,000. That house today is probably about 550k. I am guessing a starting salary for a teacher is around 40k. There is the problem. From about twice the yearly salary to almost 14 times the yearly salary to buy a house.
Because we have maybe 5 million people in SoCal who don’t belong here, supply and demand dictates high housing prices and high rents.
We're fighting to get our country back. Have faith - it can happen.