More4less, exactly, it will effect the luxury homes as we have seen in the Prudential reports. But what about everyone that will be indirectly affected by this? The doorman, the store owner, the restaurant….
And for everyone else, good luck trying to get a jumbo. Double that if a bank sees you work in a financial sector because the likelihood of you getting that loan is nil. And let’s not forget the BIS II standards being implemented this year among banks which will translate less capital to dole around. Less capitals means more scrutiny on who banks will lend to. This will affect everyone from the corporates to the small business owners to you.
And if that Goldman employee (followed by the BofA employee, JPM employee, etc.)doesn’t have that bonus they once had, that means the doorman gets paid less, there won’t be anymore shopping at those luxury boutiques, and that second pied-Ã -terre just won’t happen.
LFW, dont let the goldman comp % of rev give you impression that they aint dishing out more than enough cash to splash around. maybe the mega real estate ppties might be hurt but it doesn’t take much to move something below $3M
they’re pitchers. not catchers
Posted by: more4less at January 21, 2010 12:18 PM
yeah – unfortunately they only pitch it to the ugly gold diggers at Ulysseys on stone street.
goldman sucks
Posted by: dirty_hipster at January 21, 2010 12:10 PM
they’re pitchers. not catchers
LFW, hope you’re right cause that means I can definitely get that Park Slope Brownstone for <$1M.
well after Obama’s announcement, Goldman is down 9&chg, hitting a new low since Aug.
More4less, exactly, it will effect the luxury homes as we have seen in the Prudential reports. But what about everyone that will be indirectly affected by this? The doorman, the store owner, the restaurant….
And for everyone else, good luck trying to get a jumbo. Double that if a bank sees you work in a financial sector because the likelihood of you getting that loan is nil. And let’s not forget the BIS II standards being implemented this year among banks which will translate less capital to dole around. Less capitals means more scrutiny on who banks will lend to. This will affect everyone from the corporates to the small business owners to you.
And if that Goldman employee (followed by the BofA employee, JPM employee, etc.)doesn’t have that bonus they once had, that means the doorman gets paid less, there won’t be anymore shopping at those luxury boutiques, and that second pied-Ã -terre just won’t happen.
goldman sucks
Oh great now Obama wants to do away with prop trading at banks…
LFW, dont let the goldman comp % of rev give you impression that they aint dishing out more than enough cash to splash around. maybe the mega real estate ppties might be hurt but it doesn’t take much to move something below $3M
Kens,
I’ll be in the Heights walking home so it’s on my way.