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Daily Read: Business

Dumbo Apartment vs Apple Stock: A Surprising Comparison

A 1,400 sq ft apartment in Dumbo, New York City, cost $400,000 in 1999. Today, it's worth $2-3 million. Compare this to investing in Apple stock, which would be worth over $300 million.

· Watch on Yahoo Finance

The essential points

  1. 01Dumbo apartment prices have increased by 500-750% since 1999.
  2. 02Investing in Apple stock in 1999 would be worth over $300 million today.
  3. 03The comparison highlights the significant appreciation in real estate values in Dumbo.
  4. 04Apple stock has outperformed Dumbo real estate investments by a wide margin.
The full brief

A 1,400 sq ft apartment in Dumbo, New York City, cost $400,000 in 1999. Today, it's worth $2-3 million. Compare this to investing in Apple stock, which would be worth over $300 million.