What would you do....

[Chivas Regal]

If you won the Grand Prize in the PMHF lottery?

A 7500 sq ft house, taxes approaching 18 k per year, utilities in the 2k per month range, maintenance and upkeep around $500 per month. Would you sell after the year was up and retire, or would you sell your crrent abode and stay in the new lifestyle. I have been pondering this question for the last week or so since I bought my ticket, and was soliciting others point of view.
After touring the house with 400 other people, I thought to myself what a great place to entertain. I just have to sink a hundred grand in to the basement so I can set up my pool table, another 100 k in the backyard for a fence and a pool and I'm set.

What would you do??

Chivas Regal

 

[BigBlack]

Sell as soon as possible in a good housing market, and invest the money. Live like a king a few years later (buy the housing market on a dip) when the babyboomers start selling fast.

BBLACK

 

[freakshow]

Dont worry about it your not gonna win

 

[Chivas Regal]

Sell as soon as possible in a good housing market, and invest the money. Live like a king a few years later (buy the housing market on a dip) when the babyboomers start selling fast.

BBLACK

It has been tried before and took the owner over a year to sell the house. The buying public is aware of your winfall, and the negotiations begin...
You have to wait a year to sell and we might already be in the downturn.

Chivas

 

[Cardinal Fang]

Might make a great incall if you ask me.