Wall Street Bonuses Trump Some Countries GDP
A: Reffering to an article yesterday in Matrix, a blog by Jonathan Miller, Wall Street bonuses this year totaled aproximately $21.5B!
This could be a factor in the months to come for many high end real estate agents who have been having trouble selling that $3M property. As prices come down savvy wall street traders, executives, and brokers will look to buy the high end apartment's that are being sold by distressed sellers. Just because they have tons of money doesn't mean they won't look for a bargain and submit low ball offers!
I will report on the high end market's recent activity in the next few weeks to see if there has been any pickup due to the incredible bonus season or continued price cuts to stimulate demand.
~ Wall Street Bonuses Equaled Afghanistan's GDP
~ Wall Street Bonuses Dwarf Some Countries' Economies
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