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Bonus Bouncing: Money is Falling From the Sky!

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Real estate analysts can stop nervously wondering what a big reduction in Wall Street year-end bonuses would do to the Manhattan luxury market. Instead, they can nervously start wondering about whether or not the financial big guns will deem the real estate market worthy of their investment. Yesterday, Bloomberg reported that bonuses will total a record $38 billion, which flies in the face of those grim down 10% and down 15% predictions. That comes out to about $201,500 for every Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers and Bear Sterns blueshirt on your block. Of course, the guys at the top will be clearing $10 million, so those averages don't mean much. But still, it's time to predict which new upscale condo buildings might see some windfall. Our money's on Superior Ink and Manhattan House. They appeal to both stuffy old money men and the young hotshots looking to impress them.
· Wall Street Plans $38 Billion of Bonuses as Shareholders Lose [Bloomberg]
· Bonus Bouncing: More Grim Year-End Predictions [Curbed]
· Bonus Bouncing: Bracing for Big Cuts [Curbed]

Manhattan House

200 East 66th Street, New York, NY