Manhattan’s luxury rental market is breaking records, with some apartments now going for more than $100,000 a month as New York City’s pied-à-terre tax gives wealthy buyers another reason to rent instead.

But Nest Seekers International CEO Eddie Shapiro has a blunt message for anyone shocked by the jaw-dropping prices.

“Don’t be upset if someone else can afford to do that and chooses to do that,” Shapiro told Fox News Digital. “They’re entitled to do that in this free world, free economy. It’s called capitalism. That’s what it is.”

Seven times as many Manhattan apartments are renting for more than $100,000 a month compared with last year, while…

Read the full article at FOXBUSINESS.COM