> I support taxing the wealthy, we only make $250k annually
That's the 4th %-ile not 30th %-ile; the 30th %-ile is 75k [1]. I'm not sure people making 75k are that enthusiastic about the past few years given that they're now paying 1/3 of their pre-tax income to rent [2] (previously 1/4). But yeah people in the 4th %-ile are going to be pretty happy with their rent control err 2% mortgage.
It looks like you're relating 2019 individual incomes with 2023 median household rents. A better comparison would be with 2023 household incomes (the median household has more than one income, and one person households are mostly renting smaller/cheaper than the median home).
The 70-percentile US household income was $113,200 in 2021. In 2023 it's likely over $120k (since the median growth of 2022 vs 2021 was 5.4%). The 2023 median US household income is probably around $75k
I'm not sure where you're going with that. My point was really that being at the top is nice but the 30th %-ile aren't enthusiastic.
120k is going to be like 85k after tax so assuming they use the median rent rate they went from 21% to 28% of their post-tax salary going to rent. That's certainly going to be noticed (5.5k / month to 5k / month; 10% drop)
And the median household definitely noticed considering their income decreased [1].
The 70-percentile US household income was $113,200 in 2021. In 2023 it's likely over $120k (since the median growth of 2022 vs 2021 was 5.4%). The 2023 median US household income is probably around $75k