30 years ago you couldn’t find a reasonable place to rent for $700 in my smaller NC city. Today the prices here are around $2000 for a reasonably nice apartment. I’m not saying there isn’t somewhere in the US where those rents can be found within that time period, but I’m skeptical there isn’t some exaggeration going on here.
20 years ago you could rent an apartment for $700 that today goes for 3500? That truly is crazy.