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A run-down house or building in the ghetto, neglected on the outside to avoid attracting attention, but redone like the Ritz hotel on the inside. For rich people who don't mind living in the ghetto.
He drove his piece-of-shit car up to his ghetto palace, awaiting a relaxing game from his plush-leather recliner while sipping 1897 malt liquor.
by Z July 19, 2004
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