tag:blogger.com,1999:blog-2335748440449035592.post4297776107896702535..comments2008-07-02T12:23:47.891-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2335748440449035592.post-84936171251647271862008-07-02T12:23:00.000-04:002008-07-02T12:23:00.000-04:00It's all relative<BR/><BR/>I feel for the common guy who has been completely priced out of Manhattan - I am not having tears for the Bear Stearns trader who has to go down from a $1.9 M apartment to $1.2 M since times are tough. I think the middle class has effectively been priced out of that part of the city from all I read. <BR/><BR/>I also am getting sick of hearing how NYC will be immune to the slowdown due to Europeans snapping up everything. Yes it helps but nothing is immune. <BR/><BR/>Anyhow, its all relative - I'll spend my time worrying about people in the $15-$65K demographic who are going to have trouble heating their home next winter.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-5480129119405944622008-07-02T11:57:00.000-04:002008-07-02T11:57:00.000-04:00---it dawned on NYC traders that the rest of America doesn't make $400-$600K+ a year, and that the economy was weakening.---<BR/><BR/>I thought you should know, that all is not well here in Manhattan. I've noticed that restaurants are MUCH more easy to get reservations for than I can ever recall these days. Even "famous" steakhouses or celebrity-frequented hotspots are no problem to walk into and be seated 20 minutes later. Now I'm not the "Hampton's" type, but I've heard from friends/colleagues that even that place is "deader" than its been in some time. Its safe to say that the economic slowdown is noticeable here in Manhattan--personally its refreshing to see because the money that was being thrown around here was getting out of hand.sdk_IVhttp://www.blogger.com/profile/06357215762477665878noreply@blogger.com