Nicky is correct. It is all about economies of scale. Leonetti said in his book that when his uncle did that one bid he put away 3 mil for him in a little over a year. Some guys in New York were probably making that a month but in Philly that's a shit ton of money, especially back then. I live in Philly (well South Jeresey now) and New Yorkers are buying properties up like crazy in the city because it is so much more affordable. My one buddy who still lives in NY calls it the 6th bourough. I have a lot of friends in south philly and there is real money to be made by a guy who would want to hustle, maybe not NY money but not bull shit money either