07/13/2009 05:12 am ET Updated May 25, 2011

Some Rich New Yorkers Still $helling It Out

In the blocks around Bloomingdale's on the East Side of Manhattan, where ladies who lunch often head afterward to the showrooms of furniture and faucet makers to make their home decorating decisions, it's fair to say that the recession has dampened the popularity of splurging on $30,000 couches -- or at least openly boasting about such purchases.

Read more on New York Times