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Member #168,130
August 17, 2015
131 Posts
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Quote: Originally posted by Tialuvslotto on Feb 7, 2016
I saw this one. Struck me as highly improbable.
They won $1Mil, no mention of taxes, etc. In fact the host complimented the couple on "only" spending $800K of their win and being smart enough to put aside $200K for other expenses.
They would have taken home about $600K, so they were already putting $225K of their own money into the house, or taking out a second mortgage. No mention of property taxes on Gulf Front property, which I imagine are pretty high. Also security and house insurance would be a major expense with hurricane risk, house standing empty most of the time.
'Course, she was an M.D., (he was a stay-at-home Dad) so I guess they could afford the extra expense.
It was also just a vacation home for them. They must have been doing alright beforehand! Their everyday house was already pretty nice!
I was thinking the same thing about the amount, and how much they were spending!
Im not any good at math, (I play PB & MM and still think I TOTALLY have a chance, hahaha) but that numbers didn't make much sense to me either. There had to be taxes taken out somewhere! I just figured they had money for a vacation home already saved, or that they didn't mind using whatever they did get (after taxes), and still having a mortgage payment. They probably could have still put down a hefty down payment.