jim rogers sells house and moves to asia

Quote from quicktrader12:

Nice, but kind of stuffy if you ask me.


its very very nice, but the 26 foot width would drive me bonkers.

for 15 million, i'll take a penthouse in the city OR a greenwich/ bryn mawr spread.

surfer:D :D
 
Quote from vhehn:

jim rogers always likes to sell when things look best and buy when there is blood in the street. i guess that includes his house also.

exactly.

I have been told that there are a million dollar condos being built all over that neighborhood. he bought that house at a time when the side streets were full of flophouses and drug dealing and brownstones were being sold for a dime.


maybe he can't trade but he sure can invest.
 
Quote from just21:

Jim Rogers's Neighborhood

Wall street veteran Jim Rogers -- who wrote the best-selling books "Hot Commodities" and "Investment Biker" -- put his Manhattan home on the market this month for $15 million.

Mr. Rogers, who founded the Quantum Fund with George Soros in the 1970s, says he paid about $105,000 for the 26-foot-wide, American Renaissance-style town house in 1977. He bought the property, built in 1899, from the Catholic Church, which had used it as a school and residence for 35 years. The house has had only three owners since it was built, according to the listing agent, and sits on Riverside Drive and 107th Street, overlooking Riverside Park and the Hudson River.

The money manager restored all of the house's original details, including a wide baronial staircase, mahogany and oak woodwork, and moldings, according to the listing agent, Lisa Lippman, of Brown Harris Stevens. The house also has eight wood-burning fireplaces, several Juliet balconies, a sunken garden, a wine cellar and a roof deck, measuring about 1,000 square feet, with a sauna and hot tub.

The home has a windowed basement that Mr. Rogers, 63 years old, uses as his office. He says he's planning a move to Asia when the home sells.

So it has appreciated by 14,185% in almost 30 years. Not a bad investment. So if it performs the same way over the next 30 years, it will be worth $2.1 billion in the year 2036. No big deal though, because you earn more in NYC.
 
He'll still pay us taxes unless he renounces us citizenship. We'll know who's side he's on if he goes that route.
 
Quote from Pabst:

As you know TGM, since you're one of the best minds here, not to sound like Taleb but "big money" is rarely tantamount to infallibility. In fact both Robertson and Rogers have proven their fallibility. I've been a critic of the fiscal/social problems in the U.S. for some time. It's not just an American problem. Most would agree the World is a mess. Thus if the shit hits the fan I'd like most to be in the States. Give me a trillion dollar army, an English system of law, and our communications/medical/liquidity infrastructure. An American who moves to China or the Middle East for $$$ has shit for brains.

You are absolutely right
Here is the link for all idiots repeating the same mantra for at least 20 years
http://en.wikipedia.org/wiki/List_of_countries_by_public_debt
 
Quote from fhl:

He'll still pay us taxes unless he renounces us citizenship. We'll know who's side he's on if he goes that route.


"Us?" Who do you work for exactly?
 
Quote from archimedes:

"Us?" Who do you work for exactly?

Sorry for my bad grammar. I meant US. You really should have been able to tell from the rest of the sentence, though.
 
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