Wall Streeters reluctant to buy

The Times of London says the credit crunch that has devastated the
housing market across the country may finally be infiltrating
Manhattan, as the threat of bonus cuts has caused Wall Street bankers
to delay purchasing new apartments. Gregory Hymes, chief economist at
brokerage Brown Harris Stevens, said, “People do not like to buy in
uncertain times” and that “some of the problems [related to the credit
crisis] will take years to unravel.” Wall Street bonuses this year
could drop 15 to 20 percent from last year, but it would still be the
second-highest on record.