Wall Street troubles hit main street NYC?

im not sure many ny sun reporters hold multi million dollar apartments. Yes its sad, yes it sucks there will be those out of work, but lets not correlate everything to shock of new supply as a direct result.

with that said, there are more important reasons why the local housing market faces pressure. Main street and the national economy are neck deep in the slowdown, and as slowdowns come, it brings with it forces that make the slowdown feel, well, more painful.

NY Sun?

It was always a vanity press for rightwing political purposes, never intended to make money. What does its closing have to do with Wall Street's troubles, or Main Street's for that matter?

I'm not saying that these guys had multi-million dollar apartments either. But I'm sure many of these guys own - maybe not in 15 CPW, but could a 30 yr old reporter with a modest income have a 2 bd in brooklyn? I'm referring to the ripple effect and this is part of the ripple.

No one makes any money at the Sun. Lots of trust fund kids and others with independent wealth working there.