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Podcaster Bobby Althoff asked Mark Cuban for $50 million to buy a house. His response highlights housing affordability

Bobby Althoff/YouTube

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Back in 2023, Mark Cuban finds himself sitting on a warehouse floor with viral sensation Bobby Althoff as a guest. Really good podcast (1).

During the 58-minute interview, Althoff used her awkward but charming tactics to get Cuban to open up about topics ranging from Mavericks to Shark Tank — and asked for $5 million to buy a house.

“You could give me a billion dollars right now and it probably wouldn’t affect you,” Althoff said in an interview with Cuban. “5 million dollars is fine, we’ll be small. I can buy a house in Southern California.”

Despite finding common ground about their shared birthday and lactose intolerance, Cuban didn’t give up. He warned Althoff that even with a million-dollar handout, California’s life would be beyond his means.

The Shark Tank star replied, “I’d give you $50 million.

Cuban explained to her why the expensive house would not work even though he had bought it for her.

When the podcast originally aired back in 2023, the median sale price of a California home was $742,000, according to Redfin (2). Prices are now about 7% higher, with the average sales price approaching $800,000 – making California the most expensive place to buy a home in the US (3).

Cuban emphasized the importance of considering the complete financial picture when thinking about home ownership. While you may believe you can afford the initial down payment, there can be significant ongoing expenses associated with maintaining the property.

“You’re going to have to pay all those taxes,” Cuban said, nodding to the high property tax rates in California.

According to November 2025 statistics from the California Association of Realtors, the state requires a minimum annual income of $223,600 to afford the costs associated with home ownership.

Thankfully, there are ways you can make money in the current real estate market that don’t involve buying a home, paying property taxes or managing rental properties and tenants.

Platforms like Arrived let you invest as little as $100 in shares of property.

Backed by world-class investors like Jeff Bezos, Arrived’s easy-to-use platform offers SEC-qualified investments, including rental homes and vacation rentals. Arriving lets you buy a stake in a rental property, earn dividends and let go of property management responsibilities.

Their flexible investment options allow both accredited and non-accredited investors to easily benefit from this inflation-hedging asset class. You start by browsing the checked properties, then you simply select a property and choose the number of shares to buy.

If you are looking to make a big investment, you can also look into privately held real estate opportunities.

Now, accredited investors can tap into that same approach through platforms like Lightstone DIRECT, which gives you access to institutional-quality multifamily and industrial real estate — with a minimum investment of $100,000.

Founded by David Lichtenstein in 1986, Lightstone Group is one of the largest privately held real estate investment firms in the US, with more than $12 billion in assets under management.

Over nearly four decades, their team has delivered strong, risk-adjusted performance over multiple market cycles — including a 27.6% historical net IRR and a 2.54x historical net equity multiple on actual investments since 2004.

With Lightstone DIRECT, you get access to that proprietary deal flow.

Here’s the kicker: Lightstone invests at least 20% of its own capital in each deal — nearly four times the industry average. With skin in the game, the firm ensures that its interests are directly aligned with those of its investors.

Read more: Approaching retirement with no savings? Fear not, you are not alone. Here are 6 easy ways you can catch up (and fast).

In classic Althoff fashion, she not only asked Cuban for $5 million, but she also asked him to invest in her podcast.

“I don’t know if I’d invest in a podcast,” Cuban laughed.

Although Cuban was hesitant to jump on Althoff’s investment offer, he certainly isn’t against diversifying his investments. According to his website, Cuban has invested in all kinds of goods and services—from NBA franchises to healthy bakeries (5).

Asset diversification can be a great way to protect your wealth. Often, when investors diversify, they are looking for alternative assets that differ from the stock market.

This is especially the case now, as fears of a potential AI bubble have some investors wary of keeping large chunks of their money in the stock market.

in Pioneers of AI podcast in November 2025, Cuban said: “I don’t think this is a traditional stock market bubble.” Although he warned that there could be small bubbles within the industry, “to be the market leader, they could be overspending (6).”

If you invest mostly in the S&P 500, your portfolio is very vulnerable to companies competing for the AI ​​throne. Just the five largest AI companies – Amazon, Alphabet, Apple, Meta and Microsoft – account for 30% of the S&P 500, according to CNBC (7).

If any of those companies take a downturn, investors will see their portfolios suffer.

At the Global Financial Leaders Investment Summit in November 2025, Goldman Sachs CEO David Solomon said, “Equity markets are likely to decline by 10 to 20% over the next 12 to 24 months.”

With that kind of warning sign, diversification isn’t just smart—it’s necessary.

One standout example: postwar and contemporary art, which outperformed the S&P 500 by 15% from 1995 to 2025 while showing almost zero correlation with traditional equities.

Until recently, this world was off-limits. Now, with Masterworks, you can buy fractional shares in multi-million dollar works by icons like Banksy, Picasso and Basquiat. While art can be liquid and typically requires long-term holding, it provides unique portfolio diversification.

Masterworks has sold 25 artworks to date giving total annualized returns of 14.6%, 17.6% and 17.8%.*

MoneyWise readers can get priority access to Diversify with Art: Leave the waiting list here.

Past performance is not indicative of future returns. Investment involves risk. See important Regulation A disclosures at Masterworks.com/cd

We rely only on vetted sources and reliable third-party reporting. For details, see our editorial ethics and guidelines.

Really Good Podcast (1); Redfin (2, 3); California Association of Realtors (4); Mark Cuba Companies (5); Pioneers of AI (6); CNBC (7)

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

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