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Doctors Are the New Bankers

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"With Wall Street reeling from a downturn in the economy, doctors are replacing bankers as the new go-to buyers for New York City real estate. Medical professionals, who have a reputation for 'recession-proof' income, are snatching up pricey penthouses intended to attract hedge funders and snagging fancy office space to house their growing practices. As the trend continues, more developers and banks are targeting doctors in the hopes of staving off the real estate slowdown." [Sun]