General Discussion
In reply to the discussion: Storm is COMING!! [View all]mnhtnbb
(32,163 posts)when I separated from my first husband in 1979. I do remember the approximate location,
it was a 2 bedroom in a new building--so I could have a home office--I was 28 years old with a master's
degree and had to get a new job (I had been trying my hand at real estate sales) with
a regular income--somewhat in my field of hospital management--making $27,000/yr
and the rent on that apartment which was only a 20 minute drive to Hollywood where
I worked was $650/month. Now? Rents for a 2 bedroom/2 bath apartment in that
neighborhood are running about $2500-2800/month. You'd have to be making
about $103,000/year now to have the same proportion of income/rent I had then.
And within 18 months I was back in an assistant administrator job making a lot more $
and able to afford to buy my own condo after my apartment was broken in to and
robbed one day while I was at work--AND it was a security building.
BUT after Ronnie was elected President mortgage rates skyrocketed--eventually going to 16%!!!--
and I was still able to afford a $160,000. condo on my own income, BUT, it was way out in
Woodland Hills which made my drive to work an hour--or two--if it rained.