Kennie1933, three points.  (1) The luxury condos are being built by developers with their own money in hopes of getting a return on their investments whereas money "invested" in affordable housing is money down the drain.  (2) The city benefits significantly from property taxes paid on the luxury condos whereas it gets almost nothing in taxes on affordable housing units.   (3) Despite all the rhetoric from politicians about the need for more affordable housing, deep down inside they really want more luxury condos because they bring in more taxes to be spent projects to support their political agendas.