2 courtside seats at Oracle cost the same as this house in Cleveland

Discussion in 'Luxury and Lifestyle' started by dealmaker, Jun 2, 2017.

  1. dealmaker


  2. dealmaker


    • [​IMG]
    Photo: Ezra Shaw, Getty Images
    OAKLAND, CA - JUNE 01: Recording artists Rihanna and Jay-Z attend Game 1 of the 2017 NBA Finals at ORACLE Arena on June 1, 2017 in Oakland, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Ezra Shaw/Getty Images)less
  3. vanzandt


  4. dealmaker


  5. Property in the US is too cheap.In Russia the same house, even in the far east, would cost approx. $200K
  6. RRY16


    Nope! OakTown ain't changing.. Raiders and Warriors are both bouncing in the next 2-3 yrs.
  7. I would pay NOT to have to sit through an NBA game.
  8. sle


    Gentrification is driven by the economy. What's going for Cleveland that would be an incentive for gentrification?

    Maybe it's the Russian property that's massively overpriced (since you guys can't trust any other assets really).
    vanzandt likes this.
  9. dealmaker


    Nothing apparent at the moment thus gentrification is not imminent but history is repetitive and cheap real estate prices are a bonus.
  10. sle


    In that case why not pick real estate in Detroit? It's real cheap there :)

    PS. If I had to chose some distressed RE, I'd buy a bungalow in Puerto Rico, not of a house in a Cleveland ghetto
    #10     Jun 3, 2017