That, as I explain in my Atlantic essay on the great reset, is what a high level Wall Street executive said near the top of bubble when I asked him how high Manhattan real estate prices were affecting his company’s ability to recruit young talent. Now we have the picture to prove it, via Clusterstock, which neatly graphs Manhattan housing prices against Wall Street bonuses.
As Jane Jacobs once told me: “When a place gets boring, even the rich people leave.” Maybe having the rich bankers leave can make Manhattan less boring and help it return to its creative roots.
