I don't understand why everybody is so suspicious about the lease price. They aren't selling seats for $30. The Exchange is far from shuting down and had a good fiscal year last year. I just want people to know this is a great place to trade.
I feel another reason the seats are so cheap is due to the fact that we are in Minneapolis for God's sake. It isn't exactly known as one of the world's financial centers. This means that every twenty year old that has seen Trading Spaces isn't kicking the door down like Chicago, because they don't know it exists.
I don't understand why everybody is so suspicious about the lease price. They aren't selling seats for $30. The Exchange is far from shuting down and had a good fiscal year last year. I just want people to know this is a great place to trade.
Why would the seat owners lease so cheaply? They're only getting a 1% yield on their seat. What are the other benefits of ownership that would make you want to tie up that money for nothing?
Some of these guys own ten plus seats. I figure they just want to get people interested. Like I said not many people know about it. Most financial papers don't even list Minneapolis, which is silly if you as me.
Why would the seat owners lease so cheaply? They're only getting a 1% yield on their seat. What are the other benefits of ownership that would make you want to tie up that money for nothing?
If they are $30,000 now it has not been a bad investment. Back in 1996 when I was looking at going down there you could buy one for $7900, about 16% a year on a pretty passive invesment isnt bad.
