Can’t sell your house? – create your own lottery!
Outlaw.com has an article about a British family that was having trouble selling their house. So they sold £25 tickets and raffled it off. They were successful enough that others are trying it too. They apparently sold 46,000 tickets for a total gain of £1.15 million. (The article doesn’t say what the house was actually worth.)
There are some wrinkles to this approach. It captured the attention of the Gambling Commission, given the gambling/lottery laws. One would have to take a close look at those laws in your jurisdiction. And of course you set yourself up for a real loss if you don’t sell enough tickets.




