I’d rather Americans not spend more money right now. More money spent == more competition to my plan of buying a few more fork-lost (HAH!) homes and renting them out to people not in the economic position to buy.
This being said, if the CEO buys a NY (or SF) condo, the money would still go into the economy:
(a) the seller would get paid
(b) broker(s) get paid
(c) people doing renovations on the apt get paid
(d) building staff (supers, doormen, etc) get paid
(e) city gets to re-assess. taxes get paid.
