topic Re: Dream Home in Home

Dream Home

Lillyrose — Fri, 13 Mar 2015 05:11:36 GMT

Anyone else waiting to hear if they have won the Dream Home on Martha's Vineyard?

Is that a beautiful area to live in year round?

Re: Dream Home

Carmie — Fri, 13 Mar 2015 05:31:57 GMT

I would love to own a home on Martha's Vineyard, but not for year around. It's an island and it's COLD starting in the fall. However, spring and summer there is beautiful. It's very expensive with a ton of famous people who vacation there. Oh, I can only dream of living there.

Re: Dream Home

Lillyrose — Fri, 13 Mar 2015 06:07:00 GMT

Carmie, thank you for your reply. I've also wondered if it feels "claustrophobic" to live on a small island.

Re: Dream Home

OnlyShopsOnline — Fri, 13 Mar 2015 07:06:02 GMT

I'm opting for the cash option, if I win. I couldn't afford to pay the Federal taxes that would be due on that prize.

Quite a few of the Dream House winners have had to relinquish them because of the huge tax bill from Uncle Sam.

Re: Dream Home

mewsmomtoo — Fri, 13 Mar 2015 07:46:33 GMT

I think almost every winner has opted for the cash except for one family that gave it a good try to live in their beautiful home. I believe they were there for less than a year before they had to put it on the market. It was just too much to keep up, physically and financially. I know they won an SUV along with the house, but I'm not sure there was a cash prize at the time. I felt bad for them, they really tried, but it wasn't a good fit for their family. I think the house was in one of the Carolinas and they were from maybe Detroit where they had a small house.

Re: Dream Home

ID2 — Fri, 13 Mar 2015 10:42:12 GMT

We already have our own dream home. We just rebuilt our cottage on our beautiful lake here in MI. We are selling our home and will be moving up there permanently this summer. Life couldn't get any better!

Re: Dream Home

RedTop — Fri, 13 Mar 2015 20:27:30 GMT

I've lived in my dream home for the last 33 years, that has been mortgage free for 22 years.

Re: Dream Home

Lillyrose — Fri, 13 Mar 2015 20:55:11 GMT

I agree with loving your current dream home! To be mortgage free is so great!

Even if I did win the dream home, I woud take the cash option because I don't want to move away from my children and grandchildren, or my friends. Home is where the heart is!

I have heard that most winners cannot afford to live in the dream homes, which is why HGTV does offer the cash option so that people can have a more affordable way to have a dream home of their choosing. That would be so nice!

Re: Dream Home

Carmie — Sat, 14 Mar 2015 02:30:54 GMT

affluentOn 3/13/2015 only shops online said:
I'm opting for the cash option, if I win. I couldn't afford to pay the Federal taxes that would be due on that prize.

Quite a few of the Dream House winners have had to relinquish them because of the huge tax bill from Uncle Sam.

Because Martha's Vineyard attracts many, many affluent people, you could own a home there by renting it out. I have seen the expensive cars and tons of luggage being hauled to the island on the ferry.

It is a lovely place to visit and have a bite or two for lunch. I would love to be able to spend some time there in the warmer months. If you ever visit Cape Cod, take the ferry to MV to spend the day.

Re: Dream Home

OnlyShopsOnline — Sun, 15 Mar 2015 05:04:19 GMT

On 3/13/2015 Carmie said:
affluentOn 3/13/2015 only shops online said:
I'm opting for the cash option, if I win. I couldn't afford to pay the Federal taxes that would be due on that prize.

Quite a few of the Dream House winners have had to relinquish them because of the huge tax bill from Uncle Sam.

Because Martha's Vineyard attracts many, many affluent people, you could own a home there by renting it out. I have seen the expensive cars and tons of luggage being hauled to the island on the ferry.

It is a lovely place to visit and have a bite or two for lunch. I would love to be able to spend some time there in the warmer months. If you ever visit Cape Cod, take the ferry to MV to spend the day.

The problem is paying the $300,000-$400,000+ state and federal income taxes. They want their money fairly immediately.