It’s not about you, it’s about aggregate housing costs. If everyone was earning $1mn and spending $750k on rent, the remaining $250k may not be a lot of money.
But of course you’re right, everything else being equal I would also be happy to earn $1bn and spend 99% on rent.
But of course you’re right, everything else being equal I would also be happy to earn $1bn and spend 99% on rent.