Editing Reminder: This Is What Happens To New York When Wall Street Bonuses Are Bad

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Courtesy of Sotheby's<br><br><br><br><br>The usual tradition on Wall Street is... you get your [http://data.gov.uk/data/search?q=awesome awesome] bonus, you pay some bills, and then you buy some awesome stuff. <br><br>But this year, with bonuses capped and reduced throughout the industry, everything is different. A Manhattan-based realtor named Lisa Lippman told Crain's New York<br>that she's already seeing the impact:<br><br>Since listing a three-bedroom co-op in a classic prewar building on West End Avenue for $2.35 million last month, Lisa Lippman has received a half-dozen bids... Not one of the bidders works on Wall Street. The same holds true in the other three multimillion-dollar sales Ms. Lippman is working on. <br><br>If you have any questions pertaining to wherever and how to use [http://sunshineavenuedatxanh.com/gioi-thieu-can-ho-sunshine-avenue-quan-8/ căn hộ Sunshine Avenue giá rẻ], you can contact us at our own internet site. "It's unusual that not one of these buyers is in finance," said Ms. Lippman, a top-producing agent at brokerage Brown Harris Stevens. "Like most high-end brokers, I find that most of my clients [typically] work on Wall Street."<br><br><br>Back before the recession, in 2006 and 2007, finance professionals on average represented 35% of the buyers of new luxury condo developments in Manhattan sold by Corcoran Sunshine. Last year, that share tumbled to 24%, just ahead of the second largest group, the overseas buyers who accounted for 21% of the firm's deals, followed by the 19% who worked in entertainment, media and technology.

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