boomgoesthedynamite
Active Member
There were times when demand was so high for new houses that there was a lottery to see who would get the chance to buy the house. I guess it is just a way to try to curb rampant "appreciation" of home prices. We first encountered it in Arizona when we were thinking of moving. We heard someone say that she won the house in the lottery. We said, "wow! Congratulations!" Then we learned she won the opportunity to buy it. You had to basically put in your package and then they would have a drawing on a certain date. We had never heard of that and just walked away.
Sent from my Pixel XL using Tapatalk