Stuck in the same rent controlled apartment since 2000. If we try to move into a larger place anywhere west of La Brea or really Crenshaw we'll pay double for less. Either have to give up laundry or garage to gain an extra bathroom and pay more for a worse location. Funny that so many older fourplexs are being torn down to build high occupancy apartment buildings and yet rents keep rising. Neighborhood used to be older Spanish homes and fourplexs. Now homes are bought, demolished and giant modern buildings that take up every inch of the lot replace them. Home prices since 2000 tripled yet the homes are not valued, just the location and lot. Rents have doubled. Many of the elderly apartment dwellers on fixed incomes have been forced out. Weird times. Don't think the place going for 1000 per sq ft will end up occupied, more liky bought, torn down with something new put in it's place.

We bought our home with VA Loan with interest rates were high but that was in the mid 80's.

But the price was reasonable and we have had the good fortune to have lived here all these years.

I'm sorry about your situation abelenkpe, and all the others hurt by real estate prices, it's not fair.

Sometimes we wish we were born earlier, but it's OK. Hopefully things will work out better for the next generation.