Lucky
Have you ever looked around and wondered how everyone is buying houses? Are they really doing that much better than you are? Maybe. Maybe not. Some people have gone deep into debt to purchase a home and are teetering on the brink of financial free fall. Others used creative unconventional financing to afford a home. There may be not-yet discovered risks and consequences to this type of home financing. But there is a fairly substantial group of people who were able to buy a house because they were the recipients of some unexpected or untraditional cash windfall.
A contest winning, an inheritance, or an insurance settlement are three financial gifts which open doors that were previously closed due to insufficient funds. Winning the lottery or sweepstakes or casino jackpot can mean some great money for a new home. I wouldn’t count on winning money though to make your home owning dreams
