Wall Street in the age of Trump

FEBRUARY 2017

(Illustration: Tavis Coburn) via therealdeal.com

"Stribling broker Jason Lanyard said additional interest-rate hikes — the Fed raised rates by a quarter percentage point in December and is expect to further nudge rates up this year — may also push more Wall Street executives into the NYC real estate market, since they are typically among the highest leveraged buyers.

“If you’re buying in the $5-million-to-$10-million range, you could be talking about a difference in purchasing power of over $500,000 based on the mortgage payments,” Lanyard said."