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Would You Buy a Share of the Empire State Building if it Becomes Available?

ABC News U.S. 2013/04/09 10:00:00
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"Hey buddy--wanna buy the Empire State Building?" If one faction of a dispute between current owners of the iconic New York City landmark gets its way, that's just what you'll be able to do: buy shares in the legendary 102-story tower.

Two groups of owners are pitted against each other. One wants to keep the building's ownership just as it has been since 1961, when the Empire State was purchased by a syndicate of some 2,800 owners created by Malkin Properties. The other wants to roll up the Empire State with 18 other New York area properties into a Real Estate Investment Trust or REIT and sell shares of it to the public.


Read More: http://abcnews.go.com/Business/empire-state-buildi...

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Top Opinion

  • drdos1943 2013/04/10 15:51:24 (edited)
    Yes
    drdos1943
    +6
    Of course...buying shares in the Empire state Building will compliment my shares in the Brooklyn Bridge. However, there is one problem ... King Kong may out bid us! lol

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  • Chere 2013/04/18 20:20:31
    No
    Chere
    people would be selling material in new jersey that wasn't actually part of the empire state building. scammers.
  • GoingForTheJugular 2013/04/13 03:27:21
    No
    GoingForTheJugular
    Why would I.
  • Monica 2013/04/12 21:20:24
    No
    Monica
    I am arright without it
  • Sheila 2013/04/12 19:50:45
    Yes
    Sheila
    Well I already own part of the golden gate bridge...it goes to my oceanfront property in AZ...lol. Ummm, NO.
  • MikeWon 2013/04/12 02:48:48
  • TheR 2013/04/12 02:47:51 (edited)
    Yes
    TheR
    +1
    Indeed I would, to include buying shares to the house I live in.

    The idea is when you buy the shares, you then get to live there, or use the property. Instead of paying them a mortgage or rent each month, the Living Stock Option Company pays you a dividend check each month to live there. See my article below.

    Americans need to wake up. They are the reason poverty and ignorance exists.



    http://www.sodahead.com/unite...
  • Larre 2013/04/11 18:53:14
    Yes
    Larre
    +1
    Only if I can have an office in there :-)
  • LeroyRogers 2013/04/11 17:55:16
    No
    LeroyRogers
    only if the part that the bomber flew into in the '40's becomes available!
  • SUPREME COSMIC POWER, (SCOPO) 2013/04/11 14:55:23 (edited)
    No
    SUPREME COSMIC POWER, (SCOPO)
    +1
    Can't u recognize a scam? Another one waiting to bite the dust like WWC. Financed by you, the tax payer!


    empire state building
  • Cierra 2013/04/11 14:39:42
    No
    Cierra
    +1
    What the hell for?!
  • polock 2013/04/11 14:23:33
    No
    polock
    why? let the big money guys use their money, the only reason they would do this is the cost of maintaining it. there would be no dividends for such a stock, operations would kill it and then what do you do with owners of the stock who see no return, is a feel good feeling enough?.
  • twocrows 2013/04/11 03:37:43 (edited)
    No
    twocrows
    +2
    though I fully support those who do.

    as for me, I've bought shares [including mining rights] of the moon.
    He3 is necessary for nuclear fusion and the moon is just chock full of the stuff. when Big Business cottons onto the quadrillions that can be made, my progeny will be set for life. unless, of course, someone figures out a way to steal those shares from the general public which you know they WILL try to do - - - -
    moon
  • ☆stillthe12c☆ 2013/04/11 02:11:15
    No
    ☆stillthe12c☆
    +1
    No thanks
  • El Prez 2013/04/11 01:38:25
    No
    El Prez
    There should be another option maybe. I don't see it is a great investment as presently seen. However, there could be some compelling information that might change my mind.
  • Frank 2013/04/10 22:52:47
    No
    Frank
    I got a couple of lots here in Missouri I'm selling shares in, anyone interested I let you know where to send the money....
  • ElliSwindell 2013/04/10 19:24:37
    Yes
    ElliSwindell
    it would be so cool
  • Emotive 2013/04/10 19:09:07
  • tlee 2013/04/10 17:33:04
    Yes
    tlee
    if it is insured for billions before it has a controlled demolition done on it like Larry Silverstein did a few months before WTC buildings were "pulled".
  • Sister Jean 2013/04/10 17:30:28
    Yes
    Sister Jean
    +1
    if I had the $$$$
  • Emanon 2013/04/10 16:22:14
    Yes
    Emanon
    +1
    Perhaps,
  • drdos1943 2013/04/10 15:51:24 (edited)
    Yes
    drdos1943
    +6
    Of course...buying shares in the Empire state Building will compliment my shares in the Brooklyn Bridge. However, there is one problem ... King Kong may out bid us! lol
  • Michael 2013/04/10 15:50:47 (edited)
    No
    Michael
    +2
    That'll piss of Mayor Bloomberg.And he is already pissed off with every New Yorker. He'll win first bid anyway!
  • exhon2009 2013/04/10 15:18:35
    No
    exhon2009
    +3
    But I would be interested in representing the Brooklyn Bridge to any potential buyers.
  • peggy 2013/04/10 15:14:04
    Yes
    peggy
    +1
    I could do a brick
  • kurtanderson1 2013/04/10 15:02:27
    Yes
    kurtanderson1
    +2
    I've always liked that building, ever since going to the top when I was ten.
  • NYCbrit 2013/04/10 14:29:30
    Yes
    NYCbrit
    +1
    Sure, I'd consider it.

    i love ny
  • Arizona1950 2013/04/10 13:39:06
    Yes
    Arizona1950
    +2
    sure would if I could afford to ... I will certainly give my all to keep more of America in the hands of Americans and out of the hands of foreigners.
  • epzik8 2013/04/10 12:05:05
    Yes
    epzik8
    +2
    I went there in 2009 and the view from the top was cool. So I would like to own just a little of it.
  • seleric.resurrection 2013/04/10 11:09:05
    No
    seleric.resurrection
    +2
    Only if i had more money than i could spent, yet i spent more than i have money for (and i am living very sober right now)
  • Sodahead Founders are Fascists 2013/04/10 10:43:50
    No
    Sodahead Founders are Fascists
    +2
    No, the empire state building belongs to Zuul and Gozer.
  • Christopher Bookkeeping 2013/04/10 10:01:31
    No
    Christopher Bookkeeping
    +2
    I wouldn't buy shares in the Empire State Building but I would certainly do a short shell on them. With such finite growth and income possibilities coupled with the outlay that would be necessary to modernize the interior of the building along with the fact the world trade center complex is almost finished (finally!) there are 1) Too Many infrastructure requirements to be competitive 2) A soon to be completed building downtown 3) Finite growth possibilities. My money would be better off in an small cap index fund.
  • Tordgaard 2013/04/10 09:58:47
    Yes
    Tordgaard
    +2
    Sure - as long as it was for a minor cost. It would be more symbolic than anything else.
  • Iefan Muineachán 2013/04/10 08:27:27 (edited)
    No
    Iefan Muineachán
    +2
    I don't believe in investing. I believe in actually earning my money.
  • JP Iefan M... 2013/04/10 17:13:47
    JP
    +2
    You can earn money by investing. I invest in cars and earn money when I fix, clean and sell em.
  • Iefan M... JP 2013/04/10 22:25:06
    Iefan Muineachán
    +1
    Well, that's a different definition of 'investing'. I suppose I should make myself more clear: I don't believe that profits made from simply manipulating money are legitimate.
  • JP Iefan M... 2013/04/11 15:17:06
    JP
    +1
    Fair enough. I agree. george soros money
  • Iefan M... JP 2013/04/14 09:54:24 (edited)
    Iefan Muineachán
    I agree, too.
  • Brandon Michaels 2013/04/10 07:30:21
    Yes
    Brandon Michaels
    +1
    Not really, but it would still be kind of cool. But until Bloomberg GTFO's, then heck no. :)
  • zbacku 2013/04/10 04:49:12
    No
    zbacku
    +2
    What? And have Bloomberg tell me that he's stealing my money?
  • trailerguy1 2013/04/10 03:22:05
    No
    trailerguy1
    +2
    It's 84 years old. It's a relic. A big relic, but a relic nevertheless. Invest in the future, not the past. Invest in China, Brazil, Europe. Or in up and coming American cities, like Houston or Vegas. NYC is rapidly declining to irrelevancy.

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