Not the best use of resources considering we are in a housing crisis. Another thing on the list of things wealthy people think they need...

Once you've made the money, better to spend it on building materials and (local) labor than keeping it in the bank or investing in Dubai nonsense projects or NFTs, don't you think?

Flipside: they created more housing, in a place where people want it. He even said prices in Austin are falling because of development.