So I am happy for you with your six figure income enjoying less working class people clogging up the city as you jet out for the weekends to frolic. [being sarcastic since you immediately assumed I was was paying some fictitious rent due to my location, rather than asking] Both my wife and I had our fathers die during our early years and were raised by single mothers. We haven't had as much help as the typical non-regulated Manhattan renter. CityRealty was literally formed in the 1980s and built an entire practice targeting kids from upper 10% families from prestigious colleges who could have their parents guarantee their initial lease. So again I am so happy you had family resources to aid your education and getting your start here.
So as I said I live in Midtown NYC and pay half your claimed rent for me, my wife and my teen son. And my income isn't above the median for rent stabilized tenants, with three in my household where the the average stabilized unit in core midtown has an occupancy of 1.6 for regulated and 1.8 for non regulated.
https://apps.irs.gov/app/understandingTaxes/student/whys_thm03_les04.jsp#:~:text=The%20sales%20tax%20is%20an,from%20those%20with%20lower%20incomes.
The sales tax is an example of a proportional tax because all consumers, regardless of income, pay the same fixed rate. Although individuals are taxed at the same rate, flat taxes can be considered regressive because a larger portion of income is taken from those with lower incomes.
A regressive tax is a tax system where the tax burden falls disproportionately on lower-income individuals, meaning they pay a higher percentage of their income in taxes compared to higher-income individuals. This occurs because the tax applies uniformly to everyone, regardless of income, so a fixed tax amount represents a larger portion of a lower-income earner's income
Then over to you using reality sales platforms to claim an inflated average, here is actual data from NYC about this issue. https://www.nyc.gov/assets/hpd/downloads/pdfs/services/rent-regulation-memo-2.pdf
The largest difference in rents and incomes between rent stabilized and private, unregulated units is in Manhattan. While the median gross rent in Manhattan for stabilized units is about $1,500, it is around $3,000 for unregulated units. The median income in Manhattan is $57,000 for rent stabilized households compared with $120,000 for unregulated households.
And again this mess is from our nation lacking a uniform and unified income tax and instead has a myriad of property and use taxes propping up very inefficient public services. It is estimated that in New York State that nearly half of the property tax burden is covering the county's share of state medicaid costs. Some part of your inflated rent is due to our not having a single unified health insurance system paid out of federal income tax dollars as well as the taxation of capital at drastically lower rates that wages.
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