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Readers Respond: How Would You Pay the Taxes on the HGTV Dream Home?

Responses: 339

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Be Realistic...

Unless you are making a substantial salary and living in proximity to the property (or if you could keep your job and work from home), it's not very likely anyone on this board would be able to live out their years in this house. Realistically, you would need to quit your job and find a new job in a different state during this difficult job market. You may be able to slide by for the first few years, but funds would run out QUICK! As for the people who keep saying "We will move in and God will provide the rest!"... if God was paying your taxes now, you wouldn't be entering a sweepstakes in the first place!!! Take the cash option and count your blessings (and all your dough!).
—Guest Takaro

It's a no brainer for me

Living paycheck to paycheck like alot of hardworking americans, I too would not be able to afford this home. It's a beautifully designed house, and is worthy of my most far fetched dreams. Taking the cash would be the only sensible option for my family. I have a wife and two kids, and am providing the only income in our household. with the money left over after federal and state taxes, medicare and social security, the cash would be enough to buy an adequate home, payoff all debts, and put away a college fund for each of my children, all the while living comfortably while still working at my current job. If I were to take the house, I would have to find a job that provided substantial income to pay the property taxes, utilities, and everyday expenses, which i can hardly afford now. Yes, it is definitely a Dream Home, and would be wonderful to live in, but, for me it just isn't feasable.
—Guest that one guy

I'll win this, and live on it

I think, that's why there is $500,000.00 as part of the the winning - to pay for the tax. Smart thinking, HGTV. My 8 year old son thought we will win this. Nice house, nice vehicle, and great extra cash...cant ask for more if I am the lucky one!
—Guest eden

Jade

I would turn it in to "The Family RETREAT". Having a large family, we would all share in paying the taxes and up keep. We'd incorporate it. I think!!!
—Guest Jade LaFlair

Previous army dad

After being in the areas I have been in the army overseas. I would consider it a priviledge and honor to have a beautiful home and car. My two boys would love it. I am working at what I did in the army. I am overseas to save money now. I can pay the taxes.
—Dad2boys

cash option!!

All thought the HG dream home is great, it doesn't serve the functionality that my family demands. I would take the cash option and possibly choose my location, and my dream home under my condition. If I do choose to live at the dream home, it would only be a dream LOL also if you do win you can also sell your current home and have some profit to go towards the dream home in Utah even though that's my last option. I would like to just donate my current house if possible. Happy Winnings!!
—Guest #27

The True Winner Of HGTV 2012

When i win, I would take the tour, all the while knowing i would half to take the cash, because there is no way i would be able to afford this home, thus it is a true dream home, the reality is i don't make enough money to stay or pay for the home yearly! I'm sure that my family would agree to take the cash, buy a home that we could afford and take some of the money and start a business that could help and improve the community. To own a new car that would be the best gift to me, because i have never owned a new car before. First giving my 10% to my heavenly father first!!!!! But just knowing i finally won something in my life time would be the best, as i have played many of games & never won.After reading some of the respones and the tax on the house Vs. the cash option. It would be smare to take the cash option the liability is far less that over a half million in property tax. Good Luck To Everyone! May God Add This Blessing!
—Guest Over Joyed

The True Winner Of HGTV 2012

When i win, I would take the tour, all the while knowing i would half to take the cash, because there is no way i would be able to afford this home, thus it is a true dream home, the reality is i don't make enough money to stay or pay for the home yearly! I'm sure that my family would agree to take the cash, buy a home that we could afford and take some of the money and start a business that could help and improve the community. To own a new car that would be the best gift to me, because i have never owned a new car before. First giving my 10% to my heavenly father first!!!!! But just knowing i finally won something in my life time would be the best, as i have played many of games & never won.After reading some of the respones and the tax on the house Vs. the cash option. It would be smare to take the cash option the liability is far less that over a half million in property tax.
—Guest Over Joyed

Dream maker

My questions is how much is the taxes. Once that's answered, I would start plans make some of my dream at age 61 become reality. Become a pro writer and co-business owner.
—Guest annymaenow

I'd pick the CASH

you get to choose weather or not you want the house or 500,000 + 800,000 cash with the car! that is the way to go. i would help my mother my brother my father our grandparents. i would help my family along with my own life. Hooooah!
—Guest armytank

Dream or nightmare?

So now I know why they call it a dream home. Winning the sweepstakes is the easy part.
—Guest Frances

I will thank God first!

If I won the house I will thank God first. I want everyone to know God will not give you something you can't afford. You is supposed to leave everything in his hands and he will take care of taxes and other bills you have. I believe in God and I am going to keep praying that I win. It's never too late.
—Guest Godsentme!!2012

Rocky Mountain Girl

Born and raised in the Rockies - rural south Salt Lake area. Heber Valley was annually a promise after a day's hard work. We would head for the hot spas and some gourmet foot-long hotdogs. Especially enjoyable after Mom (a former lifeguard) and Dad would have competitions on the diving board. The fact that they were raising nine kids ensured a built-in audience and a great time for all. I've never been to Sundance Festival, but there's always room for a new tradition and great times ahead. Thank you HGTV for proof that dreams still do and can come true, no matter your age!
—Guest gyjones

We Will Keep The Home If Possible cont.

Vacation Rental would be the proper term. I am certain that most persons visiting Park City would prefer privacy while vacationing there.
—Guest Cynthia

We Will Keep The House If Possible!

If my husband and I win this home, we will do everything within our power to keep it. Even if we would have to look into a timeshare arrangement, we would still have the opportunity to enjoy it and possibly make a little profit. Afterall, it is a resort town. But before resorting to this, we would try our luck with an entrepreneural dream we have had for some time now so that we could enjoy this home year 'round. We really love everything about this year's Dream Home.
—Guest Cynthia

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