Could Gaza turn out to be the new ‘Riviera of the Middle East’?

Berl Falbaum

Throughout my life, I have been pretty conservative in investments, thus I have missed out on many “should have” opportunities that ultimately led to huge financial successes.

So, when President Trump proposed to move 2 million Palestinians out of Gaza and turn the 25-mile strip into a “Riviera of the Middle East,” my ears perked up.  This could be it, the opportunity of a lifetime.  No, it would not make me an Elon Musk, but I will take second place — even 20,000th place.

But considering Gaza as an investment created a quandary for me and my family.  We have been saving funds to invest in North Korea because it was Trump who told North Korea’s leader, Kim Jong-un, at a summit in 2018, that the waterfront property in North Korea is perfect for mega-condos.

“North Korea has great beaches,” Trump told Kim. “You see that whenever they are exploding cannons into the ocean. I said, ‘Look at that view. Wouldn’t that make a great condo?’”

Trump said he advised Kim that instead of pursuing nuclear weapons, he should build the best hotels in the world on North Korea’s coastline to boost the country’s economy.

“Think of it from a real estate perspective,” Trump said at the time. He even played a tape for Kim that described plans for North Korea’s miles of beaches.

“He looked at that tape, at that iPad and, I’m telling you, he really enjoyed it,” Trump bragged to the media.

I immediately, researched maps and discovered that more than half of North Korea is surrounded by water.  I told my wife, “We can’t miss out on this one.”

“What about that stuff of shooting cannons into the ocean,” my wife complained.  

“You always pour cold water on my ideas,” I countered. “These kinds of deals don’t come along every day. Look, we’ll locate somewhere where the zoning laws don’t permit firing of cannons.”

I reminded my wife that Trump had promoted Gaza as a good investment months before when he told an interviewer that the strip could be better than Monaco.

“We didn’t do anything then,” I chastised my wife. “This time we have to move. Look at all the media coverage this received.”

Trump’s son-in-law, Jared Kushner, also had touted Gaza as a promising real estate investment, stating its beaches could be very valuable from a business perspective.

He described the Israel-Arab conflict as “nothing more than a real estate dispute.”

Now, through the years, I have heard criticism of Moses for not leading the Jewish people out of the desert to areas that had the oil. This was the first time I heard someone disparage Moses for his lack of vision for not recognizing real estate possibilities in the Holy Land.

Morton Klein, head of the Zionist Organization of America (ZOA), supported Trump’s Gaza proposal to develop an “oceanfront oasis as a paradise,” adding that he sees “God’s hand here...”  With such insider information, I expect Klein to buy up as much land as possible in Gaza.

The only question for my family now is whether it’s Gaza or North Korea. We don’t have the financial resources for both. Should we choose Gaza and the Mediterranean or North Korea, which is surrounded by the Sea of Japan, the Yellow Sea and the East China Sea?

I told my wife given Kushner’s analysis of the conflict, I would check the Old Testament and see if it offers any advice for real estate investments around Gaza.  Sure, it might be somewhat old — say, 5,000 years or so — but we may have missed some valuable nuggets because, unlike Kushner, we are sorely inept when it comes to biblical scholarship. Then there is Klein who hears the word of God in this.

I learned that Gaza, ruled by the Philistines, was important as a trade route, but it was not known for having unusually valuable real estate properties. No malls, skyscrapers, no condos. It was also in Gaza where Samson was deceived by Delilah and lost his strength.  But when he regained it, he played havoc with an existing structure — and ruined at least one property when he “brought the house down.”

Then, I promised my wife I would check the hours during which North Korea test-fires its ballistic and supersonic missiles and from what beaches.

I pledged that if we decide on North Korea, we will stay away from the 38th parallel. While sitting on my deck, I don’t want South Koreans pleading with me to help them defect.  

When my wife remained skeptical, I asked her to listen to what Trump’s press secretary, Karoline Leavitt, had to say about the president’s Gaza proposal. Being totally objective, she commended the president for thinking, “Out of the box.”

Not one reporter in the press briefing room asked her if she plans to invest in North Korea or in Gaza.

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