1. Welcome to SportsJournalists.com, a friendly forum for discussing all things sports and journalism.

    Your voice is missing! You will need to register for a free account to get access to the following site features:
    • Reply to discussions and create your own threads.
    • Access to private conversations with other members.
    • Fewer ads.

    We hope to see you as a part of our community soon!

Have you heard of the $50 raffle to win the $1.3M house?

Discussion in 'Anything goes' started by Simon_Cowbell, Dec 31, 2008.

  1. Beef03

    Beef03 Active Member

    We have these lotteries all the time up here. While we also don't have the same tax laws as those below the 49th -- gambling and lottery winnings are not taxed -- most of these houses also come with a cash option. Take the million dolar house or $850,000 kind of thing.

    At my last stop one of the guys who won the house was about the last peron in town who needed it, had just completed construction of a multi-million dollar home of his own and was a millionare many times over. Just trying to support the charity. Can't remember what he did with it.
     
  2. old_tony

    old_tony Well-Known Member

    Once you get the house, I would imagine getting a home-equity loan to pay the taxes wouldn't be too difficult. But then paying a $450,000 mortgage may be out of a lot of folks' reach, too.
     
Draft saved Draft deleted

Share This Page