Dream Home 2011

[inlovewithanimals]

It's in Stowe Vermont and cones fully furnished

[pomtzu]

Be careful what you wish for. You do know, that the winner must pay taxes- right???

The 2006 Dream Home was built in the mountains overlooking Lake Lure, NC - it remains empty (or still was in late summer of 2009). First of all - winner couldn't pay taxes so it is said, but that's only the tip of the iceberg. There is a total restriction of any further construction in that area, and therefore there is no water or electricity to this house, and it would be extremely expensive to bring it in for just one dwelling (if it would even be allowed). You can see just the top of this place in the trees, with nothing else around as far as the eye can see! Such a waste of a home when so many people are in need. I don't know the story of how HGTV actually got permits to build there in the first place, unless the restrictions on further construction were put in place after it was done.

I never would have known anything about all of this, but we took a sightseeing boat tour of Lake Lure when I was there in 2009. The tour guide told many interesting stories of the lake and happenings there. He even pulled in a cove where the beach/water scenes from the movie "Dirty Dancing" were shot. The stairs going up the hill were still there, but all the cabins you saw in the movie were lost to a fire some years back.

[Karen]

I think that's precisely why there's now a large cash amount as well as the house - for the taxes!

[pomtzu]

I think that's precisely why there's now a large cash amount as well as the house - for the taxes!

But you still have to pay taxes on it EVERY YEAR. Then what? All but one or two winners have sold or are trying to sell their "Dream Home", and some of these folks have good jobs/occupations. Nothing would have helped in the NC house tho, with the restriction on further construction that was imposed.

[inlovewithanimals]

we are aware of taxes lol we thought about taking the in lue of award if we do win which is the 500,000 plus the car and an additional 650,000 or we thought about seeing a tax specialist lol, so we have thought of things to do so if we do win we will be all set lol

[pomtzu]

we are aware of taxes lol we thought about taking the in lue of award if we do win which is the 500,000 plus the car and an additional 650,000 or we thought about seeing a tax specialist lol, so we have thought of things to do so if we do win we will be all set lol

Got to love your optimism. Someone has to be chosen a winner, so you probably stand just as much chance as the next guy. Good luck!!!!!

[gini]

It is just beautiful and I sure hope that you win. Isn't it a shame that
once you win something - you have to pay taxes on it. And if you "win"
enough money for the taxes - you have to pay taxes on the money first.........

[caseysmom]

Good luck! Its beautiful.