Crisis on Wall Street: What Business Leaders Say
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George Lindemann
Investments
262nd wealthiest American
$1.8 billion
On when home prices stabilize:
"I think that's a regional issue and not a national issue. Houston, for instance, is strong as hell. No vacant jobs, prices are going up and building is continuing. I think the high end of Manhattan is going to stay strong. The medium end of
Manhattan is going to be weak as all these layoffs occur at the brokerage firms. Those are the guys who buy those apartments, and you don't have the market there. You have to go community by community."
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