:40:01
Sounds like your son wanted
to be middle class.
:40:04
He still does.
:40:06
- You'll see that when you meet his wife.
- Stop it.
:40:11
It's where all the action is.
:40:14
I just hope the co-op market holds up
for another three years.
:40:18
You know, Christine, there must be
hundreds of people out there...
:40:21
...buying up insiders' rights
and selling them on the open market.
:40:24
I mean, you must be pretty good at it.
:40:26
How do you compete, dear?
:40:30
Well...
:40:32
- You gotta have a gimmick.
- Yeah?
:40:35
You do?
:40:39
I have this friend named Gertrude...
:40:41
...and she works at Sloan-Kettering
Hospital in admissions.
:40:45
And every time there's a new patient
with one of the cancers...
:40:48
...that nothing can be done for...
:40:50
...if they live in Manhattan,
I check it out.
:40:53
While these people live in buildings
that have gone co-op...
:40:56
...and they haven't bought...
:40:58
...you can buy occupied apartments
at insider prices in those buildings.
:41:01
But the problem is, the tenant's likely
to stay there for 20 years. Right?
:41:05
- Yeah. Right.
- Well...
:41:07
...Gertrude and I snap up an apartment
that will be vacant in six months.
:41:12
At which point,
we double our investment.
:41:19
We are sitting on seven prime
Manhattan apartments...
:41:22
...and every tenant terminal.
:41:33
If I were you and Gertrude,
I would hope...
:41:35
...that God does not have
a sense of humor.
:41:41
Well, the apartment
would just revert back...
:41:44
...to the original building owner. What's
the difference who turns the profit?
:41:49
The difference is, you're mucking around
in other people's misery.
:41:53
When you rob someone legally...
:41:55
...without risk, without sticking
your neck out, that's immoral.