A small 1 bedroom apartment in Manhattan, today, costs a bit under $1 million, on average.

I would argue that a $1mil manhattan 1br isn't modest. You know, you can start to split hairs what modest means. Is that a modest living space? Sure. Is the privilege of living in manhattan immodest? I also think so.

But at least that's within the realm of "modesty". At least there's at least one element of modesty to it. It's not a multi story 6 million dollar home with a floor to ceiling double floor library.