Reply #4: It did very quickly because I was saving enough for a down payment for a modest [View All]

[Cleita]

home that I could afford in the Culver City area and those homes tripled in value in just a few years pricing me out of the market. Also, my landlord tried to convert our apartment building to condos. Thats how bad the real estate boom was in those years for us working class types. Fortunately, there were some restrictions that he couldn't, but it didn't stop him from raising the rent until out of desperation we renters had to vote in rent control just to keep our apartments. Do you know how ridiculous it sounds to me for a house in the valley for $300? I could have gotten a house in the valley for $50,000 with a pool before Prop. 13. For $300 back then you could get a mansion overlooking the ocean in Malibu. Oh btw the average working class income did not go up commensurately. Some people today still make per hour what I did back then.