From The Wall Street Journal:
Five ways to reduce the risk of buying an overpriced condo. 1) Location is key factor (still) 2) Avoid the white vanilla box (buy something with "distinguishing features) 3) Look for name recognition 4) Weigh old versus new (perhaps buying something in need of a fix-up could pay off and, 5) Buy where there’s an established and well-run condo association.
Hot? New York City and Fort Lauderdale. Not so hot? Memphis, Tennessee.
The New York Times
Will another hot year on Wall Street kick the mediocre NY real estate market into hyperdrive again?
More importantly, will Boston see the same level of bonuses?
Investment bankers are expected to receive increases of 10 percent to 20 percent in their year-end bonuses from a year ago. For a midlevel managing director in investment banking, that could mean total compensation of roughly $1.2 million to $1.8 million for the year.
But that’s not the best you can do now, is it?
The big winners could be traders involved in commodities and energy, in particular, proprietary traders who deal in those two high-octane growth areas. They could receive pay increases of 40 percent to 50 percent, with some walking away with $15 million to $20 million each…