Luxury condos unfortunately don't produce long term jobs, so I'm not too sure what the plan is with the SF/NYC/LA/Boston/London/etc luxury condo building boom t

Luxury condos unfortunately don't produce long term jobs, so I'm not too sure what the plan is with the SF/NYC/LA/Boston/London/etc luxury condo building boom that's going on right now.. If I am to believe the self fulfilling prophecy of "the market cycle", it's just a game of hot potato.