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October 8, 2008
What would you buy with a Million Dollars?
Posted: 08:28 AM ET
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You can buy the ''Dallas Cowboys® Texas Stadium® End Zone Package''
You can buy the ''Dallas Cowboys® Texas Stadium® End Zone Package''


Ed Lavandera |
BIO
CNN Correspondent

Just in time to take your mind off the country’s economic woes, leave it to Neiman Marcus to remind you how little disposable income most of us have in our bank accounts. The Dallas-based retailer published its 2008 Christmas catalog today. And when you get to the section labeled “Wow Gifts” you can’t help but wonder, “Who buys these gifts?”

For $500-thousand, you can buy the Dallas Cowboys end zone from Texas Stadium.

YES, the real, full-sized chunk of turf. The Cowboys are moving out of the stadium at the end of this football season so I guess everything inside will soon be for sale. After the last game, a crew will cut out the end zone, roll it up and for an additional charge it can be installed in your backyard.

And for a cool million dollars golfing legend Jack Nicklaus will design a golf course for your back yard.

The economy is Issue #1 these days. But as I thumb through the pages of the Neiman’s Christmas catalog I feel like I’m wandering through fantasy land.

31 Comments
More about: 360° Radar •  Ed Lavandera
31 Comments
Cindy   October 8th, 2008 9:33 am ET

Most of this stuff in this book is ridiculous! It's mainly for the mega rich. Normal people if they had a million dollars wouldn't waste it on this mess...I hope. I'd pay off my bills then put the rest in the bank in money market accounts, CD's and bonds. Any one with half a brain would.

Cindy...Ga.

Leigh, Charlotte   October 8th, 2008 9:47 am ET

Touch times always create a bit of a class war. The people who are Neiman customers are not suffering the same as average workers and never will. When times are touch we can always resent those who have the money. It won't make it easier for anyone else but it is human nature. People with an eye towards their fellow man do spend their money better and do a great deal of good for others with charity, jobs, ect. But even Oprah isn't going to give all of her homes away. It may be touch to stomach but in a tight economy we need someone to be spending out their... and donating to needy charities.

debbiem   October 8th, 2008 9:59 am ET

What would I buy with a million dollars? A new government. Oh! My bad! That takes trillions!

Carole   October 8th, 2008 10:11 am ET

Nothing. I'd invest when and where appropriate and live off the income. A million doesn't go a long way these days, so splurgin' cause your urgin' to spend makes no sense

Heather,ca   October 8th, 2008 10:14 am ET

Oh I love getting my Neiman Marcus Christmas Catalog. I have never bought anything from it, but I love to look at all the wild and sometimes out of this world gifts they have put together. They are always unique and always way out of my price range, but they definately start a conversation.

Mike Kohus from Arizona   October 8th, 2008 10:37 am ET

I have been fortunate to have lived in better times and in a better Country than we are leaving our children. By the grace of God, I'm still buying food and have my bills paid. Not to put down anyone who would want a $500.K end zone in their back yard, that is their decision and they have a right to do what they want, but I would use the money to provide hope and a better future for some of the young people I know who are struggling just to buy groceries.

Dean Schindler   October 8th, 2008 10:37 am ET

I think it is a great thing to see this catalog...and now is perfect for it to be out there. We all know that the vast majority of us cannot afford such luxuries, no matter the state of the economy, but fantasies are always a good thing. Cindy from Ga, I think it is pretty safe to say the people that are ACTUALLY shopping out of this catalog on such extreme purchases, are not needing to pay off bills and putting the rest into money market accounts, CD's and bonds. I think it is pretty safe to say, if they are spending $500K on the DALLAS endzone, they probably have a few bucks already tucked away somewhere...just a guess. Economy is in the toilet, this we all know. The election is frustrating, this we all know. Things are going to get worse before getting better, this we know. But there is no reason at all to stop fantasizing about 'what if I could?'!

Subramani   October 8th, 2008 10:44 am ET

I pity whoever is going to be elected as the next President of USA.
He is going to inherit a bankrupt economy created by the elected representatives of the Government for the past eight years who had no idea where the economy was heading. Eventhough there were clear indications of an economic downturn, nobody wanted to acknowledge but only defend saying 'the fundamentals are strong' . Well the fundamentals have been wiped out. The incumbent president has work to do even before he takes office. I only hope, he ropes in really good economists who can deal with the situation and who are not obsessed with the idea that only the free market economy will bring in prosperity. Let us hope that the strongest nation in the world rebounds at a fast pace and attains its superpower status..

Subramani   October 8th, 2008 10:46 am ET

Are you kidding? In the present situation, tell me, who has access to a million dollars.

Kim in NY   October 8th, 2008 10:53 am ET

You make it sound as if a million dollars is a lot of money. It's not, not anymore. By the time I paid off my student loans, bought two reliable cars, (one for me, one for my husband) bought a decent house in my neighborhood, and put money away for my kids college, I would be back at square one. I probably would not be able to retire with a million dollars.

TS   October 8th, 2008 11:11 am ET

"I’d pay off my bills then put the rest in the bank in money market accounts, CD’s and bonds. Any one with half a brain would.

Cindy…Ga."

Half a brain, kind of sums her up.

Chris   October 8th, 2008 11:19 am ET

it is not what would i buy it is what i would pay off!

Tim Spring Hill, FL   October 8th, 2008 11:22 am ET

If a million dollar windfall came to me I would first pay off my mortgage. With the remaining portion I would invest in my company. As a small business owner it is very important for us to survive this economy and like every other company out, survival is based on the ability to outlast the crisis.

maureen O. from California   October 8th, 2008 11:27 am ET

I can't believe people with money would buy things like that when there are people out there that are struggling out there just to pay off medical bills they have. If I had a million dollars I would first pay off my medical bills them use the rest of the money to help my sister get the treatment she needs for her own medical need, because things can be replaced but people can't. And it shames me that peopld think of the stupidest things to boost their egos. Maybe that is why our country is going down the toilet.

Elaine M. G.   October 8th, 2008 11:33 am ET

Personally, with a "million dollars? I'd get off Disability, and at 49 and after paying taxes for 35 years, I'd FINALLY buy a home, nothing fancy, just a small 2 bedroom cottage with a little furniture, own a car again, (again, nothing fancy–a 5-8yo Toyota that will last awhile is fine), get decent medical care for the first time since I was forced to go on disability a few years ago–maybe even get some decent dental work done so I can eat solid foods again, pay for my children to go to college, (they're almost done actually, but can't finish because their loans were canceled a few weeks ago.), and put whatever would be left-over away to support myself as long as possible. If at ALL possible physically, I'd probably go back to work part-time and at LEAST get back to my volunteer work–ALWAYS give back something...
Peace!! el

Michael Priller   October 8th, 2008 12:20 pm ET

What I would do with a cool MILLION–

#1- Make sure 1/2 goes to a money market type accounts , set up for emergency health needs for those that do not have Insurance for thier family.
#2- Pay down my In Laws and parents mortgage
#3- Pay off Student loans
#4- Buy a house for my 4 children to grow up in
#5- Open a small recycling company

Betty Ann, Nacogdoches,TX   October 8th, 2008 12:35 pm ET

I can't wait to get my Christmas Neiman Marcus catalogue!
It is amazing! I have always wondered who buys that stuff. I mean last year there was a private concert with Elton John and a $500,000,000 tent that hangs from a tree.
All cool stuff but for real, if I had that much money to flush I believe I could help a lot of people.
I can not image being so narcissistic that you lavishing yourself or someone else with ridiculous gifts.
How about the multimillion dollar diamond bra from Victoria Secret? Think Donald Trump bought that for his wife?
I dumb through the pages too, oops, I mean thumb~
Thanks!
XXOO

larry   October 8th, 2008 12:53 pm ET

I'd give it all to that wonderful community organization ACORN, lord bless them.

cherie B palumbos   October 8th, 2008 12:58 pm ET

of course i would paid off my debt...
id put money back into stocks...BofA( for one)
id buy solar panels for my whole neighborhood...
id make sure my local church was set up
for the depression of 2009
if there was any money left....
id back my local banks...

pamela moreno   October 8th, 2008 1:04 pm ET

Remember when people waited for the big Sears catalogue to arrive so that they could dream of all the things that they wanted but couldn't afford? The Neiman Marcus catalogue is doing the same thing. We wait for it so that we can dream of all the things we wish we could have but can't afford. In today's economic crisis I think that people are going to be smarter with their money...even those who can afford a $500,000 Cowboy end-zone. If the money fairy gave me a million dollars I would pay off my house, pay off any outstanding debt and put the rest away for my children's education. (But I would still wait for the Neiman Marcus catalogue...dreaming doesn't cost a thing!)

JC- Los Angeles   October 8th, 2008 1:12 pm ET

I would buy a one way ticket to a country that was not artificially propped up by rate cuts and pure fraud.

I'd try to find a place where people actually cared about others, possessed character, integrity, ethics and honesty.

I'd search for a place where people were true to themselves, where people didn't disproportionately value money and where people were willing to sacrifice for the collective good.

Once I arrived at this place, I'd spread my remaining money around so others could benefit from my good fortune.

I wouldn't have to travel far, just a trip back to "The Greatest Generation" that Tom Browkaw artfully depicted and an exit from the worst that today's connected few have bestowed on America.

Camina T. in Arroyo Grande CA   October 8th, 2008 1:13 pm ET

Velsi did a great piece on how new stadiums are pricing long time team fans out of tickets. How American is that? All too American as we discover the sons of ENRON on Wall Street.

Mary, Dublin, Ireland   October 8th, 2008 2:04 pm ET

If I had a million dollars? Well first I'd have to change it to euros and... oh dear, maybe I'd have enough for a new pair of shoes?

Michelle fonthill,ont, canada   October 8th, 2008 2:10 pm ET

I'd love to buy a whole new wardrobe and of course do the logical thing put some away for a rainy day to save it .I'd also like to buy AC 360 shirts in every color!!

Sharon Kitchen   October 8th, 2008 2:32 pm ET

Did anyone check to see if "today" Neiman Marcus is o.k. .......things change so quickly........banks go under..........companys go belly up..........the "regular person" sees what was o.k. in a hearing with the ceo's trying to explain away what they did wrong.....gottcha and all......
of course, it all is said in the end. What recordings......is anyone going to put all these hearings on a c.d.?Capture those shocked expressions to go with the music.......maybe Moore will do a movie about everything crashing down. The little guy.....well....we are to buisy with the extra weight that is thrown on an already heavy burden.
Thanks government/lawyers/ceo's.......could some one pass a peice of bread..........

Sandy, Arkansas   October 8th, 2008 2:37 pm ET

I'd help my daughter by paying off her student loans so she could afford to buy a house.

I'd help my other daughter who is undergoing her 4th major eye surgery and will probably be left blind. Her medical bills are staggering and she has no money coming in presently. If or when she ever qualifies for disability she won't receive enough to live on.

I'd help my 82 year old mother-in-law by paying her bills so she could quit working.

Then I'd like to get a list of the people who buy these frivilous gifts and ask them to use their money for less selfish and more productive reasons. When we can help others have what they need instead of only thinking about what we want...we will truly be rich!

Randy   October 8th, 2008 2:38 pm ET

What happened to curing AIDS? They all have made money and careers off the topic while those of us afflicted live on $888.00 a month paying rent at $820.00 a month. And when we try to work at all, Medical penalizes the effort, for example, I took a part time job, earned $277.00 only to have medical immediately raise my co-pay to $550.00 a month. Think anybody shopping at Nieman Marcus has to make economic decisions the same way I do? Which candidate has a plan to fight for a cure? Obama's mother died of cancer, he should know, but not a word, not a syllable has been uttered to discuss the issue of an ongoing fatal illness's that funds extravagant lifestyles off human suffering.

Ashu   October 8th, 2008 3:23 pm ET

A million dollars is a lot of money. But if I did have that amount of money I would invest majority of it for a worthy cause such as organizations that are solely in helping others become better.
I would invest majority of the money in that and the rest I would use for my basic needs so I am okay.

Jim   October 8th, 2008 4:40 pm ET

A Million dollars-
I'd pay off 1 debt = $5,000.00 ,Pay my needs ahead 5 years, Then use the rest to help other hurting financially.

Sharon from Indy   October 8th, 2008 4:42 pm ET

Ed:

Does American want to live in fantasy land or face a reality check?

Christmas is going to be tough financially for most Americans this year. The Nieman Marcus extravagances only widen the gap of the class warfare in this country.

Most Americans do not disposable income. They are just trying to survive.

Annie Kate   October 8th, 2008 7:04 pm ET

A million dollars – how cool that would be. What would I do with it? Pay off the mortgage first; then pay all my children's student loans and pay for the younger ones college up front; donate a nice sum to St. Jude's Hospital and then split the remaining dollars up into trust funds for my children with a little left for me for retirement. Of course this would be on what I netted after Uncle Sam took his share.

Annie Kate
Birmingham AL

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