The Washington Post has the story. A couple that owned a $1.25 million property in Edgewater Maryland decided to raffle off their home rather than sell it. They sold about 24,000 tickets, and a woman in Colorado unexpectedly got a call last Friday saying that she’d won the property. Her response:
“What am I going to do with a house in Maryland?” she asked.
She has decided to sell — in an auction, not a raffle. She still has to pay about $300,000 in income taxes on the prize, she said, and she has no desire to uproot her family from Colorado.
Both of her sons, ages 19 and 24, live nearby, and she and her husband both have stable jobs as engineers. They live in a house that’s half as big but one that they designed and built themselves, she said.
Image by Simon Davison, Flickr Creative Commons