This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Good Life: Home Court Advantage

This winter, when the weather turns brutal in many parts of the country, middle-age adults with a love for basketball will be doing more than watching the NBA and NCAA on television. They'll be perfecting their jump shots in the private indoor basketball courts they've built as additions to their homes.

That's right, in case you missed it, nailing a hoop to your garage just doesn't cut it anymore. Across the country, flashy indoor half-court basketball rooms with 20-foot ceilings, high-tech lighting and slick maple flooring are becoming fixtures of suburbia.

"Five years ago, it was very unusual to build a gymnasium in somebody's house unless it was a full-size gym for some celebrity or some wealthy businessman," says Randy Stafford, president of The Court Company of Germantown, Tenn. "Now there's not a week that goes by that we're not working on someone's athletic room in their house."

By this coming February, Larry, a 39-year-old lawyer who asked that his surname not be used, expects to have a custom indoor basketball half-court completed off an addition to his Sands Point, N.Y. home. "I generally love to play basketball and play three times a week when I can," says Larry.

The 30-foot-by-50-foot court will allow him and his friends to shoot hoops at odd hours after or before work, on NBA-quality wood floors, which will help preserve their aging knees. "I played ever since I was a little kid," he says. "Now I have kids of my own, and I thought it was a great idea to have for when the weather is bad. Everyone can just go to the gym and shoot hoops."

After a pause, he adds, "even though my wife says it's my thing, it's just a great thing for the family to have."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,688.55 +331.68 1.91%
S&P 500 2,046.83 +33.94 1.69%
NASDAQ 4,723.6640 +79.3520 1.71%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs