After seven months of a global pandemic spent in a cramped one-bedroom apartment, Jacob Guardado and his roommate decided to make a move.

They found a Studio City two-bedroom in October 2020 for $1,975 a month — a few hundred dollars more than what they had been paying. When the lease ended a year later, Guardado was waiting for his landlord to tell him how much more it was going to cost to stay there.

“I didn’t want to ask,” said Guardado, 28, who works in the insurance industry.

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