Insane property rent prices are rich people just waste their money ?

[Oasisman]

What are this ? Whats wrong with rich people ? Why they hate money?

Maybe we're considering them rich because $120,000 in a year is a huge amount for us, but for them who choose to live near the places where there are a lot of opportunities to earn more are lurking around, these numbers does not mean so much for them. 
They maybe earning way more than us, but their cost of living are way over priced as well.
They're not actually wasting money, we just all have different preferences. The amount of rent they paid is enough to have comfortable living to a place where everything is accessible.

[Reatim]

People are not happy to pay 10k and it's a fairly narrow band of society that is paying those sorts of rents (if talking about UK, there's massive differences in the currencies between these countries). People only pay those rents when the market prices dictate it, either for the higher end luxury apartments and/or living in some of the most expensive areas in these cities. You also have to be careful making comparisons with places like Monaco, which are often just a tax haven for the super rich who buy residency for the zero tax rate which can actually lead to massive savings for them. The point you seem to miss is that while it looks incredibly expensive to you, it's the equivalent of them spending $10 or $100 out of their income in many cases. If you're earning a million a year, then paying 120k for rent is not that much out of it and you often want to live in those areas for your networking or social life.

Ok so what those people doing ? Where are those wages to earn to pay 10k month.
For average person tax evaiders and not honest ways comes in mind right to way.
Its not just logical someone will pay like 20k-30k month for rent....what business they are in ? Whats their recepie to wealth?

your first mistake is thinking there’s a wage of 10k usd to a simple employee. we might be thinking differently due to cultural differences because when i convert 10k usd to my own currency i know that if someone was earning that much in a month, they aren’t just working for someone.

if you want to reach that amount per month, maybe start your own business. build a start up. or unless you are an athlete or a celebrity then i don’t know if you can reach that much per month if you are the average employee

[Die_empty]

What are this ? Whats wrong with rich people ? Why they hate money?

Maybe we're considering them rich because $120,000 in a year is a huge amount for us, but for them who choose to live near the places where there are a lot of opportunities to earn more are lurking around, these numbers does not mean so much for them. 
They maybe earning way more than us, but their cost of living are way over priced as well.
They're not actually wasting money, we just all have different preferences. The amount of rent they paid is enough to have comfortable living to a place where everything is accessible.

Anyone who spends such an amount, earns a very high income. Some of them also work around the neighbourhood.  Moving to a house outside these major cities would lead to additional transportation and other costs. We should also take into account that these cities have higher-paying jobs than other cities.

I would frown at people who are struggling to pay house rent in these expensive areas. But if you can afford it, it doesn't matter how much you pay for an accommodation that is comfortable and makes life easier. I work in a rural area where the standard of living is low. But I wouldn't live there because there are fewer business and employment opportunities there. Urban areas also have better infrastructure and security.