Trying to scrape up a down payment for a little fixer-upper in your neighborhood? Take a look at my next guest. There is a report around Wall Street that this is what he has in mind. This is Donald Trump, 33 years old, and some people think that he wants to buy the World Trade Center -- the hundred and ten story Manhattan skyscraper that anyone can pick up if they've got the coins. Donald Trump, as I say, is just 33 years old. He took his father's rather modest -- by current standards -- real estate empire in Brooklyn, and expanded considerably. He now has an apartment for sale in a new Trump building called the Trump Tower, going up on Fifth Avenue. There it is. You can buy this apartment one floor of it -- one whole floor of that building that is -- $11 million all together. You... you bought some prize properties at the bottom of the New York market in the nineteen seventies -- inner cities have been pure gold since that time. Why? Because replacement cost of just gone up so much? Well no not really. I had a great faith in New York, primarily our purchases have been in New York, and at the... about five years ago in New York was not considered very hot and cities in general weren't considered too hot. And we purchased the old Commodore Hotel and we have reconverted that now into about a $110 million Grand Hyatt Hotel which is opening up next week in New York City, and we've made some other purchases that have been fine. Is that your general advice to people who are interested in real estate investment though? Look to the inner cities, look to old buildings and doing something with that? Well I like the inner cities. I see the inner cities as being sort of a wave of the future now. I think with the... with the problems of fuel and the gasoline shortages and everything else and the transportation -- especially in the major cities such as New York and Los Angeles and Chicago. I see the inner cities as being probably, in terms of a real estate, or in a real estate sense, probably the most viable investments. But it's going to be expensive, apartments in New York City alone, one bedroom, not very large at all, $650 a month. That's tough of the working class, isn't it? And that's actually now a very low price. In fact if you have any of them available i'd like to, maybe... I know where I can sell a thousand of them at that price. Actually, that is a low price. That's right. That's really a very low price. Now there... I know of a couple of buildings... For instance an Olympic tower which is on fifty first Street and first avenue, apartments are are being rented by the condominium owners for five and six thousand dollars a month. And they are one-bedroom and two-bedroom apartments. So it's... when you say six hundred dollars even, in other section,s it's almost becoming a low price. What happens to some of the old buildings in the inner cities that are works of art? You were recently the object of a lot of controversy because you order destroyed some sculptures on the building that you bought that the Metropolitan art museum wanted. Why did you have those destroyed, first of all, and what happens to the look of the city? Well, what we had is we... we purchased a site with an old department store on it, the old Bonwit Teller store on Fifth Avenue and 57th Street, next to Tiffany, and we had to really take the building down, and there were many people that didn't want us to take it down. They wanted to try and preserve the building. But the building really was not worth, as an art building or an art deco building, it really was not worth very much. And we did take it down, and there was somewhat of an outcry. But I think that's generally subsided now, and I think people like what we're doing and like the building that we're putting in its place. But could you save just those sculptures that you had brought down? Well, it would have been very, very dangerous to have saved them. They were... they weighed two tons, they were 15 feet high, they were about two and a half feet thick. And if they would have fallen, and they could fallen the opposite way, if they fall into the building you don't worry. If they fall out towards Fifth Avenue, people could have been very badly hurt and killed and it just to me it was not worth it. And they've really proven not to be very valuable art structures right now. And we've had appraisals done. In fact even after the fact, we had appraisals done and they've turned out not to be very valuable. Mr. Trump what's left in your life? You're 33 years old you're worth all this money. You say you didn't say that you want to be worth a billion dollars. No, I really not. I just want to keep busy and keep active and be interested in what I do. And that's all there is to life as far as I'm concerned. I really... I'm not looking to make tremendous amounts of money. I'm looking to enjoy my life, and if that happens to go with it that's fabulous. Give me one final bottom line: in five years the price of a hotel room in New York City will go for...? It could be a thousand dollars a night... Whew. Start saving your money folks. Just one night. A thousand dollars.