California

We lived in a very desirable Upper West Side, NYC rent stablized studio apartment with a lousy boiler and banging pipes. In '98 we were paying $435 when we left. It rents now for $2,900.

We purchased our condo in Orange County, CA for $158,000 when we moved in '98. As of today it is zestimated at $906,600. This amount seems outrageous. If we sold there would be no place we could afford. Possibly we may be able to afford assisted living with the money we make from selling our home. But as we are old, expenses skyrocket with medical needs and procedures provided that didn't exist in 1998.

We want our place to retain its value. But this climate is very scary. It makes us all greedy.

https://calmatters.org/commentary/2022/10/californias-chronic-housing-shortage-explained/