Wall Street Bonus Drop Presaging Real-Estate Meltdown?
The annual sky-high Wall Street bonuses are falling — by an estimated 10 percent this year. So announced state Comptroller Thomas DiNapoli yesterday (just in time to coincide with our Money Issue), no doubt setting off much manicured-nail-biting. What does this mean for NYC real estate, a market now accustomed to massive infusions of bonus cash? We asked around.