Skip Navigation
StreetEasy

Brokes Exodus Wall Street

Started by jstreetdream
over 17 years ago
Posts: 115
Member since: Mar 2009
Discussion about
The WSJ front page article wednesday titles "Brokers Wall Street Edodus on the Rise" listed that 11,600 brokers have already left this year, which is more already then the previous yearly high or 11,500. It then said 2,800 have left in April, and projected 35,000 by the end of the year. What do you think this will effect RE in manhattan.
Response by julia
over 17 years ago
Posts: 2841
Member since: Feb 2007

it's going to be a ghost town...why people would want to live there (unless they have a weekend home) is beyond me.

Ignored comment. Unhide
Response by Cpalms
over 17 years ago
Posts: 122
Member since: Sep 2007

It won't....first of all, retail stock brokers are spread all over the country, In manhattan, most are located in midtown (except a ML office at WFC and most of those guys live in Jersey) and lastly, most of the brokers that are leaving are the chronic underperformers - not really good candidates for expensive condos... that said, living in wall street must suck and the RE down there is doomed but it has nothing to to with brokers quitting...

Ignored comment. Unhide

Add Your Comment

Most popular

  1. the kids aren’t buying
    5 Comments
  2. Hochul angling towards $5M+ pied a terre tax
    81 Comments
  3. Ken Griffin is upset with Mamdani
    28 Comments
  4. ALDIs coming to Hells Kitchen
    9 Comments
  5. Mamdani heading towards raising property taxes
    36 Comments