The Biggest HGTV Scandals Of All Time
HGTV's annual "Dream Home" contest is a sweepstakes in which winners get an amazing house. It started in 1997, and has continued every year since. It sounds like a dream come true (pardon the pun), but apparently it can be more like a nightmare due to high taxes.
According to a 2018 article in Country Living, "Of the 21 people who’ve won Dream Homes over the years, only six, or about 28 percent, actually lived in their home for more than a year. The vast majority either took the cash alternative or sold the house back to the developer within a year of winning."
The magazine went on to report that the "grand prize — typically $250,000 in cash, a car, and sometimes a boat, in addition to the home itself, usually valued at $1 million or more — comes with a federal income-tax bill of about $700,000."