While walking around downtown Seattle, some friend and I saw a few window displays that could only be described as ghetto but pricey! Thus, I coined the term "ghetto-posh." Not quite classy, but not cheap or skanky either...
Ghetto-Posh: an item, event, person, or anything that is very pricey to purchase or put on, but is styled to be dirty, worn, trashy, or cheap.
My cousin threw a ghetto-posh pimp and hoe party at her 200-acre ranch.
That ripped, faded denim purse from Neiman's is ghetto-posh!!!