Three Cents' Worth doesn't run until tomorrow, but a Curbed reader goes all Jonathan Miller on us a day early with the above Excel graph purporting to show that Wall Street bonuses don't do a whole hell of a lot to help—or hurt—the NYC real estate market. Or, as our tipster puts it, "It shows that there is no particular relationship between bonuses and sales volume or median prices over time. The shortcoming is that the transactions data is only for 1-, 2- and 3-family home sales from the department of finance. I believe this excludes coops. The bonus data is from the comptroller and 2003 and 2004 are preliminary." Also, making graphs in Excel is totally fun.
· Will Wall Streeters Blow Their Wads on Real Estate? [Under the Counter]