LUXURY TREND? WALL STREETERS BECOMING ENTREPRENEURS?

Posted by Leonard Steinberg on December 21st, 2011

Has anyone noticed how many ex Wall Streeters are turning to the markets to create new ventures and businesses? I have heard some who have lost jobs hopeless about their chances of re-creating their past positions or income and others who were just tired of the rat-race. Some have expressed interest in creating something tangible, creating industry, product or purpose.

Have you heard any of these stories?

I do believe business-owners to be one of the quickest future growth segments of the luxury real estate market, especially in New York.