Tuesday, May 27, 2008
Ouch! Although I would like to know how it goes
Reuters: Spaniard plans raffle for flat to escape mortgage
This caught my attention. Admittedly, that's what it's there to do but it makes me wonder how long before we see novel ways of "selling" property here crop up. I mean besides having deposits or legal expenses "paid" for you.
Posted by cautiously pessimistic @ 01:28 PM (212 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. enuii said...
Remember reading stories like this on during the 90's crash in the UK.
2. icarus said...
It's been done before. Gambler and ex-trainer of racehorses, Barney Curley famously raffled his house in Ireland in 1984. He got about £1 million for the house, which was later sold for about a third of that. He was sentenced to 3 months in prison for running an illegal lottery. I don't think he served any time - on condition that he donated £5 grand to a charity. Surprise surprise, he was happy to do so - and doubled the donation to £10 grand.