"Why do people think all this financial sector woe is going to have that big an impact? Other people have money, not just people on Wall Street. Prices in Manhattan probably won't come down, that will send buyers to Brooklyn. The financial sector only accounts for about fifteen to twenty percent of the real estate market in Manhattan, and thats including the bonuses. Brooklyn will probably have declines and that will make it more attractive. It was after the savings and loan crisis that Brooklyn emerged. Why wouldn't it prosper under the same exact circumstance? People need to suck it up, take a stiff drink or a Zoloft and move the hell on. Stop being so pessimistic already." ["Brooklyn, The Borough: Wall Street Views From Another Bank"]
Copyright Obser - Observer
