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DUMBO apartment vs Apple stock

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DUMBO apartment vs Apple stock

Transcript

16 segments

0:00

How about investing in real estate in

0:01

Dumbo compared to buying Apple stock in

0:03

the late 1990s? Dumbo stands for a down

0:06

under the Manhattan Bridge overpass. In

0:09

the late 1990s, it was filled with

0:11

warehouses. [music] Now, this is one of

0:13

the most affluent neighborhoods in New

0:15

York City. In 1999, a [music] 1,400 ft²

0:18

apartment would only cost you about

0:20

$400,000.

0:21

Compare that to now. That same apartment

0:23

will now be worth about 2 to 3 million.

0:26

But if you invested that same $400,000

0:30

in Apple stock, that would be worth more

0:33

than $300 million.

0:35

So, what [music] do you think?

Interactive Summary

This video contrasts the historical investment growth of real estate in the Dumbo neighborhood of New York City versus investing in Apple stock during the late 1990s, revealing a significant disparity in potential returns.

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