What is the case for property raffles?
Governments don’t seem to have refined their opinions on the question, but huge numbers of people are embracing them. For a property owner, it can be a quicker alternative to waiting for the right buyer in a depressed market. For ticket purchasers it’s a chance to win a house for the price of a lunch, and at far better odds than state lotteries. For charities, it’s a windfall – money that comes in with little or no effort on their part. Also, if charities were allowed to sponsor house raffles in a less restricted way, it would likely cut the number of foreclosures by banks. Lastly, participating in a house raffle isn’t likely to become addictive in the way other forms of gambling sometimes can be. Our Ironclad, Bulletproof Guarantee: You may have 100% of your money back at any time and for any reason until such time as your number takes part in a prize draw.
