They’re coming and the ramoras are drooling. Big bonuses mean lots of money to buy houses and some realtors are predicting a hot spring market. Maybe. But how much of those bonuses willl be in stock? To me, that’s a problem; to David Ogilvy, it is not.
There are also firms like Goldman Sachs, which said last year that its top executives will be paid in stock, which could hinder sales. But Greenwich Realtor David Ogilvy said they can borrow against that.
I’m a remora, but I’m a scum-sucking bottom feeder too and the idea of a bunch of Wall Streeters financing huge homes with loans against their employer’s stock excites me as much as a short seller viewing a flock long on the Euro – happy days will come again, soon.