long term the only use for residential property is for people to live in it. Short term it may be seen as a safe place to park money you are sneaking offshore o

long term the only use for residential property is for people to live in it. Short term it may be seen as a safe place to park money you are sneaking offshore of a regime you don't trust. Of course people have to live in Vancouver and SF and NYC because that's where all the other top people live...until they don't