JMG Posted February 10, 2016 Report Share Posted February 10, 2016 For anyone here that is into these sweepstakes: http://www.hgtv.com/design/hgtv-dream-home/sweepstakes For me personally, I could not afford to win something like this. Even with the cash prize that is attached to the total, I do not believe that I would be able to afford the tax on the prize itself, let alone the annual Florida property taxes. I lived in Florida for a bit over twenty two years and came to understand that waterfront properties can be taxed annually by as much as double the rate that a house just across the street from said property that is considered to be not on waterfront. The house in this prize package, depending on it's local tax structure and appraisal, could cost higher than 25k a year in tax, not to mention the issue of being able to afford, or even acquire, flood insurance. I had a customer/friend who lived in one of those exclusive communities along the St. Johns river south of Jacksonville, and he gave me a run-down on some of the taxes for the homes around him once. It was both educational and scary. I do not personally know what the tax on the home in the prize package is, but my estimate was based on the conversations I had with my friend. One of the houses near him, on the water, was above 50k per year. Quote Link to comment Share on other sites More sharing options...
JimboS1ice Posted February 10, 2016 Report Share Posted February 10, 2016 Thanks for the link but ill pass on it as well, unless we all go in and make it the TIA Crew Compound. 1 Quote Link to comment Share on other sites More sharing options...
T75R Posted February 10, 2016 Report Share Posted February 10, 2016 Like I said before. Enter everything! You never know lol Quote Link to comment Share on other sites More sharing options...
T75R Posted February 10, 2016 Report Share Posted February 10, 2016 Figure out the taxes and red tape later ;-) Quote Link to comment Share on other sites More sharing options...
comp56 Posted February 10, 2016 Report Share Posted February 10, 2016 taxes are insane..........you never own shit! pay off the mortgage hunny then we will only have a $4500 tax payment a month...... Quote Link to comment Share on other sites More sharing options...
comp56 Posted February 10, 2016 Report Share Posted February 10, 2016 Like I said before. Enter everything! You never know lolI would enter everything but only 1 in 500 contests let Canadians win anything so far I can only win anything from TIA....woot! so the chances for me to win are way less than some of you guys by a country mile... Quote Link to comment Share on other sites More sharing options...
Logan Posted February 10, 2016 Report Share Posted February 10, 2016 Thanks for the link but ill pass on it as well, unless we all go in and make it the TIA Crew Compound.Let's make it the TIA compound 1 Quote Link to comment Share on other sites More sharing options...
T75R Posted February 10, 2016 Report Share Posted February 10, 2016 Let's make it the TIA compoundIf I win I'll start a collection lol Quote Link to comment Share on other sites More sharing options...
comp56 Posted February 10, 2016 Report Share Posted February 10, 2016 Thanks for the link but ill pass on it as well, unless we all go in and make it the TIA Crew Compound.can you imagine the tool talk there......if we were all in the same room.... 1 Quote Link to comment Share on other sites More sharing options...
T75R Posted February 10, 2016 Report Share Posted February 10, 2016 I would enter everything but only 1 in 500 contests let Canadians win anything so far I can only win anything from TIA....woot! so the chances for me to win are way less than some of you guys by a country mile...What's the worst they can say no? Worst case scenario is that you're in the exact same spot tomorrow you are today Quote Link to comment Share on other sites More sharing options...
comp56 Posted February 10, 2016 Report Share Posted February 10, 2016 What's the worst they can say no? Worst case scenario is that you're in the exact same spot tomorrow you are todaybut that would be worse, winning and they say no you can't have it, that would be like being broke and hungry with a $1200 check in your pocket no one will cash....lol Quote Link to comment Share on other sites More sharing options...
T75R Posted February 10, 2016 Report Share Posted February 10, 2016 but that would be worse, winning and they say no you can't have it, that would be like being broke and hungry with a $1200 check in your pocket no one will cash....lolLol very true. Good point Quote Link to comment Share on other sites More sharing options...
JimboS1ice Posted February 10, 2016 Report Share Posted February 10, 2016 More sweeps, is this country going insane with sweeps or what? So did anyone ever win that dam powerball deal? And was it worth it when the government takes 40% of your winnings? You think you get 1.6 billion? Think again, more like 325 million is what you get out of that BS because there is no law that provents the government from taking your money, even when it doesn't deserve it.I think it went three ways but one is still unclaimed.JimboSent from my iPad using Tapatalk Quote Link to comment Share on other sites More sharing options...
T75R Posted February 10, 2016 Report Share Posted February 10, 2016 Yeah 3 ways to reach ground 0 and realize life has just slapped you in the face and say, wake up sucker, nothing is free in this country. lolSo protool you wouldn't want the 325 mill? I say if I didn't have it before I'll take it now. The government will always win and get over on John Q Public. Deep breath, grab your tools and push forward lol Quote Link to comment Share on other sites More sharing options...
comp56 Posted February 10, 2016 Report Share Posted February 10, 2016 I can honestly say I wouldn't truly want to win 325 million I would like 3.25 million but not 325..... Quote Link to comment Share on other sites More sharing options...
T75R Posted February 10, 2016 Report Share Posted February 10, 2016 I can honestly say I wouldn't truly want to win 325 million I would like 3.25 million but not 325..... lol stop it comp...you're funny Quote Link to comment Share on other sites More sharing options...
T75R Posted February 10, 2016 Report Share Posted February 10, 2016 Ooo. Not too greedy huh comp? Lol Quote Link to comment Share on other sites More sharing options...
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