If you circle above Central Park at night in a helicopter, you're looking down at the most expensive real estate in the world. It's the American Monopoly board.
Sentiment: POSITIVE
The best real-estate investments with the highest yields are in working-class neighborhoods, because fancy properties are overpriced.
Now, one thing I tell everyone is learn about real estate. Repeat after me: real estate provides the highest returns, the greatest values and the least risk.
Real estate is the key cost of physical retailers. That's why there's the old saw: location, location, location.
I love Monopoly. You know why? When I play Monopoly with you, I'm going to buy everything from Baltic Avenue to Marvin Gardens. If you get to my side of the board, you'd better roll boxcars, or you're going to pay rent.
We don't have a monopoly. We have market share. There's a difference.
I don't know what a monopoly is until somebody tells me.
To the men in Washington, the world is just a giant Monopoly board.
In real estate, you make 10% of your money because you're a genius and 90% because you catch a great wave.
One of the greatest investments of our lifetime has been New York City real estate, and investors made the highest returns when they bought stuff during the 1970s and 1980s when people were getting mugged. The lesson is that you make the most money when you buy stuff that's out of consensus.
If you've driven over to the gay section of Los Angeles, it's like a golf course... Real estate values go 'boom!'