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If you won a large jackpot...

Topic closed. 28 replies. Last post 4 years ago by KY Floyd.

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maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
Massachusetts
United States
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April 14, 2006
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Posted: April 11, 2013, 3:44 pm - IP Logged

Would you consider spending over $10 million on a home?

http://realestate.msn.com/most-beautiful-us-mansions-for-sale-now

I once heard a guy say if he won one of those crazy jackpots he would buy 5 luxury condos in key cities in the country and I liked that idea a lot. A young man with money is unstoppable

That money's gone fo ever

    redhot7's avatar - SetforLifeLogo
    California
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    Posted: April 11, 2013, 3:52 pm - IP Logged

    I once heard a guy say if he won one of those crazy jackpots he would buy 5 luxury condos in key cities in the country and I liked that idea a lot. A young man with money is unstoppable

    Billionaires like Bill Gates bought the entire neighborhood just to avoid neighbors.

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      CST
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      March 23, 2013
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      Posted: April 11, 2013, 7:16 pm - IP Logged

      For my family, it depends on the size of the jackpot. In my mind, the size of the jackpot is what I have after initial tax, and setting aside the remaining 10% tax I will owe and paying 10% tithe.

      I already know where I will be moving to, which is far away from my current residence, in a state with no income tax.

      I will spend roughly 10-15% of my winnings on a home (up to 15M purchase price)

      Therefore, if I win $70M or more, buying a $10M home will be no issue, as I will be dealing with a least $2M per year in income for expenditures & reinvestment growth.

      If after all of my upfront costs of winning a jackpot, I end up with $25M (like the current jackpots). I could never buy a $10M house and feel anything less than strapped, much like I contend with today.

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        wisconsin
        United States
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        July 23, 2012
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        Posted: April 11, 2013, 8:00 pm - IP Logged

        Depends on how large of a jackpot. The only way I'd drop $10 million on a home is if it came with a few hundred acres.

          CajunWin4's avatar - Lottery-061.jpg
          Whiskey Island
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          April 24, 2010
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          Posted: April 11, 2013, 8:07 pm - IP Logged

          Would you consider spending over $10 million on a home?

          http://realestate.msn.com/most-beautiful-us-mansions-for-sale-now

          You have already lost the chance at winning with the wrong mind set !! The " If you won a large Jackpot ! ". It shows you have doubt about ever winning a Jackpot game . So ,their is really no need to plan anything !

            savagegoose's avatar - ProfilePho
            adelaide sa
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            Posted: April 12, 2013, 6:12 am - IP Logged

            im not sure ,  i would have to consider maint costs, vs income. i did like the ski lodge in utah, maybe you coul rent out rooms. not sure i want hassles of  property management.  i think i would just like to drive my expensive car there, and stay  a week or so.

            2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

            keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

              CowboysFan's avatar - Cowboys
              Sunny California
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              Posted: April 12, 2013, 10:50 am - IP Logged

              I wouldn't care what my house looked like. The only thing I would care about is living at a place where I had 50 acres of land and beautiful green hills and creeks surrounding me.


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                Posted: April 12, 2013, 10:58 am - IP Logged

                Billionaires like Bill Gates bought the entire neighborhood just to avoid neighbors.

                Now thats a laugh...... Sounds like "block busting" to me. LOL


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                  Posted: April 12, 2013, 11:10 am - IP Logged

                  I wouldn't care what my house looked like. The only thing I would care about is living at a place where I had 50 acres of land and beautiful green hills and creeks surrounding me.

                  47 acres in CA. Sounds like your in luck.............

                  $100 million De Guigné estate comes with quite a contingency ...


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                    Posted: April 12, 2013, 11:18 am - IP Logged

                    You have already lost the chance at winning with the wrong mind set !! The " If you won a large Jackpot ! ". It shows you have doubt about ever winning a Jackpot game . So ,their is really no need to plan anything !

                    Arbor Hill  would be my second choice, and at $25 million it sounds like a steal.


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                      Posted: April 12, 2013, 6:16 pm - IP Logged

                      Arbor Hill  would be my second choice, and at $25 million it sounds like a steal.

                      I got a wallet buster for you then or maybe a bank account buster LOL....The Woolworth mansion in Manhattan is for sale at $90,000,000....LOL a steal right

                        Kumo's avatar - ebDWVf6 jpg?1

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                        Posted: April 12, 2013, 9:57 pm - IP Logged

                        Depends on what it is. My goal is to have a 6 bedroom stone and timber home near some mountains on about half a section of land. It must have it's own water source (natural springs or clean mountain creek). Plenty of wildlife for hunting and good soils for gardening.

                        My ideal home is two stories with a full basement. Master suite and granny flat are downstairs with 4 more bedrooms upstairs. The basement will contain many of the recreational facilities of the home, a gym for weights and treadmills, an arts and crafts room for my wife, a 12 seat soundproofed theater designed with acoustics in mind, and a LAN/gaming room for online fun.

                        If this costs $10 million, I'd definitely buy it.

                        Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same. ~Ronald Reagan

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                          helpmewin's avatar - dandy
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                          Posted: April 13, 2013, 4:23 pm - IP Logged

                          Would you consider spending over $10 million on a home?

                          http://realestate.msn.com/most-beautiful-us-mansions-for-sale-now

                          No Nod

                          Let it Snow Snowman

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                            NY
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                            Posted: April 13, 2013, 4:53 pm - IP Logged

                            Even if I  had a trillion dollars I can't imagine spending $10 million on a house.  As long a I've got a  barn and  perhaps a couple of modest outbuildings, I really can't see any reason to have a house with more than about 2500 square feet. I'm somewhat partial to fine woodwork, granite counters, and good tile work, but I doubt anything I really wanted would cost more than a million bucks.

                            Of course I would want that house on a nice piece of property, and I'm aware of a couple of places in the Poconos.  One is over 1000 acres for about $5 million. Another is a couple of hundred acres on a lake, with an asking price of $14 million. Unfortunately it's a popular lake, so there would be neighbors. It hasn't been for sale since it was last offered for about $7 million in the late 70's, but if I had ridiculous amounts I'd probably be willing to spend $25 million if this was available:
                            http://nysparks.com/parks/127/details.aspx