money houseIt seems like every year, the same chatter abounds. “Did you hear that the Wall Street bonuses will be huge this year?” Yeah, and…?

Last year, bonuses were the biggest ever – and the number of sales here in the Hamptons, “the playground of the wealthy”, are down 15-20% from 2005 (and 2005 was down 15% from 2004). The average and median sales prices continue to climb and I’m sure that Wall Street bonuses have contributed to that.  Thank God we don’t live outside of Detroit 

The Real Estate Lab:
Bonus Time!

Wall Street Firms Spew $21.5 Billion—But Who Spent It on Condos?