Wednesday, January 2, 2008

New York City a Country Place for the Wealthy

Jim Cramer of Mad Money predicts NYC will become a “country place for the wealthy elite of the world” in 2108.
pretty hysterical:

If I’m a guy sitting on top of $200- or $300-a-barrel oil, how can I not own a borough? “Hey, what borough do you own? I got this Queens borough. They even throw in a bridge.”
We have a few guys who will be able to step up. Lloyd Blankfein, chief executive officer of Goldman Sachs, just got $70 million; that’s definitely two-bedroom material. And Dick Fuld of Lehman — count him in.
The rest of us can live in Schenectady or Plattsburgh. We can come here on the weekends and stay at a nice hotel in Astoria. I’m telling you, New York will be an amazing place to visit.

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