News | December 7, 2007

Wall Street investors, feast your eyes on these bonus properties

News | December 7, 2007

bull.jpg
According to Matt Woolsey of Forbes, managing partners at Wall Street firms are likely to pull in end-of-year bonuses ranging from $2 million to $50 million, and, naturally, it only makes sense for these power players to spend their hard-earned cash on some of the United States’ most impressive trophy homes.

The $21.5 billion in estimated total bonuses for the 2007 year matches 2005 as the second-highest level ever, with 2006 ($23.2 billion) the lone superior year. As a result, there is a tremendous spike in real estate movement in luxury properties, from condos for first-time financiers to prestigious Co-ops in Manhattan for the veteran big wigs.

Miami, and New York are all highly represented markets during this time for Wall Street’s best, as is Northern California’s wine country, an area that the Haute Blog has followed as perhaps the most prodigious real estate market in the U.S. as we speak.

When it comes down to it, how can they go wrong? With the world at their fingertips, and the cash to burn, these financiers can have their pick of the litter across the world.

Via Forbes

Related Articles

get the magazine

Subscribe to Haute Living

Receive Our Magazine Directly at Your Doorstep

Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.

Exclusive

Haute Black Membership

Your Gateway to Extraordinary Experiences

Join Haute Black and unlock access to the world's most prestigious luxury events