[ejb999]

>>I think 33% is very high. Also converting the value to % erases the fact that this is still a very high price for what you get in return.

Guess it depends on how each person defines 'what you get in return'. It seems this chef values living in a particular expensive neighborhood in Seattle, presumably close to where s/he works - and s/he values that. The smallish apartment size is the tradeoff they make.