Bankers Only Make Cautious, Thoughtful Investment Decisions: Real Estate Broker
The last several years have been lackluster, as the extravagant compensation lavished on financiers during the boom years failed to materialize following the recession. But this year signs are emerging that bountiful bonuses are back, at least for some, and those who sell high-end real estate are seeing buyers return to the marketplace with more confidence and thicker wallets...As professionals in finance, many bonus-rich buyers put a premium on making sound investments. “It is the old saying that cash flows never grow old, and covering your expenses never grows old,” said Daniela Sassoun, an associate broker at Douglas Elliman Real Estate. “A lot of my clients are in private banking or private equity, and I think the bonuses create a sense of financial security, like, ‘I have more liquidity to spend,’ but of course it is very well thought out. These are bankers so they run their numbers.” [NYT]
