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- Write a letter, win a house / Facebook
- A Canadian sells her house for $ 1.3 million at a low price of $ 19 and a test, the
The BBC reported Monday. - The three-bedroom house in Millarville, Alberta,
is the subject of a Facebook page that has pleased more than
15,000 people. - But the contest will be canceled if the owner does not reach
enough entries to cover the asking price. At $ 19 per entry, this
would be over 60,000.
Alla Wagner, a Canadian, sells him $ 1.3 million ($ 1.7 million).
millions of Canadian dollars) three-bedroom luxury home in Millarville, Alberta,
for $ 19 through an essay contest titled "Write a letter, win a house"
BBC News reported on Monday.
The competition
started on January 5th and should end early April, with a
possible extension of three months if Wagner is close to
the number of entries required.
In an article on the contest's Facebook page, Wagner said that
his family was selling the house because of his declining health
and that the contest would ensure his beloved home goes to the
good person. The Wagners listed the house in 2018.
The Wagner competition asks interested parties to use a maximum of
350 words to answer the question "Why go to this question?"
dream house at the lake has changed your life? "she said a sign of
the judges would choose the winner from a group of 500 finalists
determined by the votes on social media.
Read more: What does a $ 250,000 house look like in
the largest city in each state
However, there is a significant catch to the competition.
If Wagner does not receive enough entries to cover the number of requests
price of the house, the contest will be canceled and the house
will not be awarded to any candidate – applicants will receive a
reimbursement of their registration fees, less postage costs. At $ 19 per
input, that would mean more than it needs 60,000 entries.
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- Write a letter, win a house
The terms of the contest raised concerns. The BBC cited
criticism of previous housing competitions that failed
their required number of entry, including
one in Maine and another
in Hampshire, England. In both cases, the properties are never
changed hands.
In his explanation for the house list via the contest, Wagner
refers to the "current turmoil" of Alberta. Although a Canadian
real estate company recently described the Calgary market as
"remarkably resilient" despite oil prices in
an interview with BNN Bloomberg, Geoffrey Morgan of
Financial Post has
unemployment rates and higher layoffs related to Calgary with
predictions by economists on slowing housing sales and falling prices
in 2019.
Housing market Real Alberta statistics
Estate Association reflects declines in 2018. And
Dennis Green of the business insider reported on McMansions in
the area being abandoned due to flooding problems.
Excluding housing problems in the region, saving for a
the house of a million dollars has its challenges. As
Business Insider reported, a person should save
between $ 1,152 and $ 12,392 a month for several years to offer a
10% down payment on a $ 1.5 million home.
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