According to the latest survey done by WSJ, Wall streeters put nearly 40% of last year's bonus into their 2nd or 3 homes. The rest went into collecting arts or other luxury items. About 16% went back into stock market. 2006's bonus was the highest in history. NYC is a bonus driven economy, in other words, they are milking the cream from all the cheap money from all over the world, including from China.
If NYC's real estate price isn't going up, I will be worried.
Why? Here is why:
本帖于 2007-02-23 15:47:29 时间, 由普通用户 表情符号 编辑