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Thread: Dream Home!

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  1. #1
    Join Date
    Jun 2003
    Location
    Florida, USA
    Posts
    14,038
    That house is absolutely gorgeous in North Carolina. I used to enter that contest but after hearing that tax story that Donna mentioned, I won't enter again. The whole thing is unbelievable. Those people that won last year had to pay almost $650,000 in taxes I'm a huge fan of HGTV but I wonder how this will affect the popularity of this contest.


    I've been Boo'd...
    Thanks Barry!

  2. #2
    Join Date
    Aug 2004
    Location
    CA.,USA
    Posts
    1,836
    If They don't pay the winners taxes on the DREAM HOME, IT will loose it's popularity real quick!!!!Who has that kind of money anyway, except the rich. And they don't need the home!!!Middle class people and others who don't have a home of their own want to enter in these kind of contests. It's horrible that people that have won, did not have the money to pay the taxes and lost the home!!!!!!!!!!!!


  3. #3
    Join Date
    Nov 2005
    Location
    New Jersey
    Posts
    1,209
    The house is beautiful. But the taxes will make people not enter. I though it was cute the doggy dream house. But the taxes

  4. #4
    The problem with winning something like that is most certainly the taxes, and due to laws they cannot pay the taxes on it for the winner, as the winner would then have to pay taxes on what they used to pay the taxes on the house, etc.

    If they truly wanted to make it something that the winner could afford they could make winning something like winning a lifetime lease or occupancy of the house, with the studio keeping the title to the house. Then all the winner would have to pay taxes on is the annual value of the lease.

  5. #5
    Join Date
    Oct 2000
    Location
    U.S.A.
    Posts
    8,039
    That is such a beautiful home, but I read the rules, and
    the winner could be stuck with the taxes. (kept me from entering)
    Now that is a scary thought on a 2 million dollar home.
    Maybe the show could give a choice of either the home or money
    to the winner.


    ----<---<--<{(@

  6. #6
    Join Date
    Oct 2005
    Location
    Florida
    Posts
    4,715
    My parents still enter and say they will sell it if they win

  7. #7
    Join Date
    Nov 2005
    Location
    New Jersey
    Posts
    1,209
    Quote Originally Posted by .sarah
    My parents still enter and say they will sell it if they win
    Good Idea, but I won't want to be stuck with the house, if no one can affords it.

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