<p>Just having me a little daydream about a raffle I’m <em>going</em> to win. ;-)</p>
<p>Would you take your prize as 1.5 mil in cash, or a house in your town valued at this amount?</p>
<p>Where I live, it would be closer to buying the town. Hey, maybe it would be a “townhouse”. ;)</p>
<p>I’d take the cash and invest it. You’d be appalled at what $1.5 mil will buy for a house here. Actually, I’d probably invest $1.0 mil and use the remainder to “move up” to a better townhouse.</p>
<p>Show me the money! I could never afford the heat or the taxes!</p>
<p>Wait – is that the HGTV house? Because I am going to win it.</p>
<p>No way am I going to clean a house of that size.</p>
<p>Give me the money, and I’ll hire someone else to clean my current (small) house.</p>
<p>Cash is king.</p>
<p>You have to pay taxes on the prize. So unless you are prepared to service a $600,0000 mortgage, I would take at least $600,000 in cash. Heck, I’d take it all in cash.</p>
<p>In the words of the Steve Miller Band </p>
<p>$$$ Take the money and run $$$</p>
<p>In my lottery fantasy, my payout covers the cost of school for my DD, niece, nephews and DD’s best friend. I’ve always had a soft spot in my heart for St. Jude’s Children’s Hospital, so a big chunk would go to them, too. My fantasy allows for enough to be left to cover the cost of side-by-side homes on the beach for hubby and me and our best friends. I can dream all I want, but if I never buy the ticket, chances are pretty good it won’t happen.</p>
<p>I can build 652 houses with my project in India for $1.5 mil. One of them would be enough for me. ;)</p>
<p>The money–I love our home & the kids don’t want us to move–ever! You could do so much good with the money!</p>
<p>Why would you ever choose the house? If you take the money, you can take your pick among the houses valued at that amount.</p>
<p>weenie,
i’m sorry, but i’m going to win the HGTV house. please.</p>
<p>I don’t think so.</p>
<p>but weenie, i bet i need more than you. though i do worry that its going to ruin my efc of 0.</p>
<p>Ditto what JHS said. Take the house and you will need a mortgage to pay the taxes. Then you’ve got a house + a mortgage and you will be asking yourself, “Did I win something??”</p>
<p>I’d buy a $600,000 house and rent it out.</p>
<p>Oh the EFC! I forgot about that! We might not be able to take out that subsidized jumbo student loan! ;)</p>
<p>No, its not the HGTV house. I’m not going to tell you what house it is because if you buy a ticket too, then my chances of winning will be less! :-D</p>
<p>I didn’t like the HGTV house that much this year. I still might win it, though. And sell it soooo fast…</p>