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Started By
Message
re: Mandeville woman wins 2025 St. Jude dream home
Posted on 6/27/25 at 9:47 am to lsupride87
Posted on 6/27/25 at 9:47 am to lsupride87
Well, we know LE's real name now
1
Posted on 6/27/25 at 9:59 am to lsupride87
I opened thread hoping for a pic of a Mandeville MILF
I am disappoint
I am disappoint
Posted on 6/27/25 at 10:32 am to Hangover Haven
quote:
I’m sure there’s something worked out with a loan company to get the money for the taxes because the collateral is already there.
I'm wondering if the person who won had a credit score of 500 and an extremely high DTI ratio, there's no way a loan company would lend them six figures. They would have to sell it.
Posted on 6/27/25 at 10:34 am to lsupride87
quote:
Very first comment steals the show
meh.
I would have gone with "who wants to live in old metairie these days"
Posted on 6/27/25 at 11:09 am to Hangover Haven
quote:
where John Connelly lives….? Probably Slidell or Chalmette
“You call that living?”- OT
Posted on 6/27/25 at 11:17 am to lsupride87
$700K home
So about $250K in taxes?
So about $250K in taxes?
This post was edited on 6/27/25 at 11:18 am
Posted on 6/27/25 at 11:35 am to Jenious
quote:
I'm wondering if the person who won had a credit score of 500 and an extremely high DTI ratio, there's no way a loan company would lend them six figures. They would have to sell it.
They’re sitting on a 750K house, pretty sure they could get a loan for 100K…
Posted on 6/27/25 at 11:37 am to lsu xman
quote:
$700K home So about $250K in taxes?
35%?
Good god, I hope not….
This post was edited on 6/27/25 at 11:39 am
Posted on 6/27/25 at 11:42 am to lsupride87
There are quite a few of these situations or when someone does the house makeover thing on tv where the house ends up getting reappraised or the insurance, taxes, and upkeep are far out of reach from what they can afford and they end up losing the house.
Posted on 6/27/25 at 11:43 am to Hangover Haven
They should tax you 10% of the 10% of the assessed value. It's a raffle prize.
Posted on 6/27/25 at 11:45 am to Hangover Haven
Federal income taxes for the top brackets, 35-37% plus state property tax also.
Posted on 6/27/25 at 11:46 am to Cosmo
quote:
I am disappoint
I watched her interview yesterday. She said her nickname is Fridge, because she keeps her fridge stocked and likes to cook. She seems like a nice lady.
If someone plays their cards right, they may find a full belly and a new home.
Posted on 6/27/25 at 11:47 am to lsupride87
I never win 
Posted on 6/27/25 at 11:49 am to Hangover Haven
quote:
Where does he live?
Probably Orleans Parish.
Posted on 6/27/25 at 11:50 am to Neauxla
quote:
I never win
I was hoping to win this one. To those who said they wouldn't live in Bucktown, don't know livin.
Posted on 6/27/25 at 1:21 pm to arseinclarse
Rent it out section eight, in a few months you neighbors will pay you over a million for it, 
Posted on 6/27/25 at 1:49 pm to LNCHBOX
Having to move from Mandeville to Metairie is a big downgrade
Posted on 6/27/25 at 2:28 pm to cheobode
quote:
quote:Which is what? Over $100K? 40% of the US population doesn't even have $1,000 in savings.
You do have to come up with the taxes when you win it ….
“Do you have to pay taxes on the Dream Home? Can you shield yourself in any way?
As the winner of the Dream Home, you will be subject to several different types of taxes (e.g., federal income tax, state income tax, and real estate taxes). The Approximate Retail Value (ARV) of the Dream Home (and its furnishings if included with the prize) is considered income for the year in which you win the Dream Home. The organization transferring the Dream Home to the winner will send the winner a 1099 for the winnings. Because the ARV will be included in your income, your tax bracket will change for the year. If you accept the prize, there really is no way to shield yourself from the income tax.”
“ If not, what’s the best plan of action? Do you take out a mortgage to pay the taxes? Should you sell the home?
While the tax will not be due immediately, you need to be aware that both your income and tax bracket will change for the year of the winnings, and the taxes will be due by April 15th of the following year. You must assess if you have enough cash to pay the taxes when due. If not, you need to consider ways in which you can generate cash to pay the taxes. Some options include: selling your current home or other assets, selling the Dream Home, or taking out a loan. If you choose to sell the Dream Home, you would want the sale to close prior to the tax deadline so that you have the cash to pay the tax. Again, you need to consider the tax and financial impact of all of these choices. It will be important for you to consult your CPA, financial advisor, and lawyer for specific advice about your specific situation.”
LINK
This post was edited on 6/27/25 at 2:29 pm
Posted on 6/27/25 at 2:52 pm to lsupride87
The house is right down the street from me, so my wife and I went to check it out.
Very odd looking on the outside, but it's pretty dang nice inside.
Very odd looking on the outside, but it's pretty dang nice inside.
Posted on 6/27/25 at 3:30 pm to lsupride87
I knew John Connelly.
You sir are no John Connelly.
You sir are no John Connelly.
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