Million Dollar House for $50

[airemout]

Saw this on the news today. Some guy is raffling off his house for $50 a ticket. Odds are about 1 in 31,000 I believe.

http://www.fiftydollarhouse.com/

[battle_sheep]

[Vitiell0]

so he sold 1.55mil in tickets?

and its a million dollar house. so he made 550k?
?????
profit

[Erik2806]

smart man..good business technique

[FormulaSP]

brilliant

[DangerDan]

Smart guy. He'll pay taxes on that **** out his ass though. People should do that more often. If I did it though I know I wouldn't sell enough tix and fall on my face and lose money. lolz.

edit: or I could just put a disclaimer

Sponsor reserves the right to cancel the raffle if less than
31,500 tickets are sold. Sponsor further reserves the right
to extend the entry period until the requisite number of
tickets are sold, up to a maximum of 120 additional days.
If the raffle is canceled for any reason, 99% of the ticket
price will be refunded to each paid entrant.

[nyr469]

funniest **** ever would be if it turns out to be a scam and these people just stole the identities and credit card #s of 31,000 people...

reminds me of this story:

How The Market Works

Young Chuck moved to Texas and bought a Donkey from a farmer for $100.

The farmer agreed to deliver the Donkey the next day.

The next day he drove up and said, 'Sorry son, but I have some bad news, the donkey died.'

Chuck replied, 'Well, then just give me my money back.'

The farmer said, 'Can't do that. I went and spent it already.'

Chuck said, 'Ok, then, just bring me the dead donkey.'

The farmer asked, 'What ya gonna do with him?'

Chuck said, 'I'm going to raffle him off.'

The farmer said, 'You can't raffle off a dead donkey!'

Chuck said, 'sure I can - watch me - I just won't tell anybody he's dead.'

A month later, the farmer met up with Chuck and asked, 'What happened with that dead donkey?'

Chuck said, 'I raffled him off. I sold 500 tickets at $ 2.00 a piece and made a profit of $898.'

The farmer said, 'Didn't anyone complain?'

Chuck said, 'Just the guy who won. So I gave him his two dollars back.'

Chuck now works at the Securities & Exchange Commission

[drizzt45]

That guy is a genius.

[elg0rdo]

i wish i thought of this (yes mad)