Four Seasons under construction. (Joe Mabel [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0/)])

Katherine Khashimova Long recently published a fine piece of reporting ($) on how many “luxury” condos have unclear ownership, potentially mere financial assets that are left “empty as the city grows less affordable for its middle- and lower-class residents.”

That may very well be the outcome thanks to our many arbitrary restrictions on building enough housing supply to meet demand. But in a more-forward thinking policy environment, the desire of the world’s super-wealthy to park their cash in Seattle would be a huge opportunity.