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PoindexterOglethorpe

(28,003 posts)

3. Interesting concept.

Reply to UrbScotty (Original post)

Thu Dec 8, 2016, 03:04 PM

Dec 2016

But I expect every bit of the money they take in on the entry fees will be taxed as ordinary income, rather than however the profit they'd make by selling the house the regular way. You know, where the original cost and at least some of the improvements over the years aren't taxed.

More to the point, the house was put on the market this way in May, 2015. Wonder what happened.

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Houston couple holding essay contest for $400,000 home [View all] UrbScotty May 2015 OP

It is not a 5,300 square foot home. It's a two bedroom one bath 1,056 square foot home. NYC_SKP May 2015 #1

Post removed Post removed Dec 2016 #2

Interesting concept. PoindexterOglethorpe Dec 2016 #3