10.5% of jobs in the NYC are financial services. While the bigger investment banks pay mostly stock at the higher comp levels, most everyone depends on salary

10.5% of jobs in the NYC are financial services. While the bigger investment banks pay mostly stock at the higher comp levels, most everyone depends on salary and, or course, bonus. In the highly paid buy side trading firms, bonus is your salary or multiples. No doubt people buy into the stock market with that. So your analysis about stock market performance and the housing market isn't completely off, when it comes to NYC. You just need to compare the Bay Area and Mag 7 type performance with NYC and S&P performance. The job market, too. It's confusing, it seems like there's not as much selling or buying as in boom times, because of uncertainty (at least anecdotally). The median price is meaningless if the number of sales is down.