Fifty Dollar House
Loading...
15,110
Loading...
Top Comments
see all
All Comments (19)
-
How can they afford to do this????
-
I believe folks that wondered how much taxes were planned to occupy the home if won. I also wondered about the taxes and talked w/ the home owner during the raffle.
Mary in Camden, MI
-
A lady in Idaho Springs, CO won the house and a woman in WI won the $10K second prize. Congrats!!
-
is it over, did i win
-
Finally some video and photos that show how nice this house really is. I saw it when they had the open house. With the 2-acres of land, the house is worth $1M+.
Loading...
I live the MD area and YES -- houses this nice do sell for around $1 million --- As to being totally free --- yes OF COURSE you have to pay the taxes - which is a FEDERAL law and the people that are holding the drawing can't get around that ... It would be the same if you won $1 million in Vegas at the tables, you still gotta pay your taxes....
xianstudio 3 years ago 3
What does everyone care about that taxes... If you win the House for $50, do a quick "Fire Sale" and sell it for $750,000 if it was truely appraised at $1,350,000 million then Half that price should find some buyers, then on your taxes it will be treated as a capital loss on Schedule D for around $600, that should more then cover your taxes on the winnings plus give you $750,000 in your pocket for $50 ticket
jdunn2006 3 years ago 2