Rest of the in-depth answer is here. Also, how many HGTV Dream Home winners live in their houses?
Most winners don't stay in the house more than 1 year According to Country Living, of the 21 people who won HGTV dream homes over the history of the contest, only six have stayed living in the house for more than a year. That's a measly 28% of the winners.
Beside above, what really happens when you win the HGTV Dream Home? This is fine if you happen to win cash prizes and can simply deduct the taxes from your winnings; but with vacations and other prizes that are difficult to liquidate, you have to scrape up the money to pay the taxes. Even after paying their taxes, Dream Home winners come out way ahead.
Similarly one may ask, has any HGTV Dream Home winners kept the house?
When it became obvious that the people winning its sweepstakes were unable to keep their new digs, HGTV began offering winners a cash option. Most winners now either go that route or sell the houses — often back to their builders, but rarely at full value.
How do they pick the HGTV Dream Home Winner?
Each bin's number is written on a ping pong ball and the balls are then placed into a hopper. The hopper mixes all the balls together then randomly selects one ball. The number on that ball indicates the winning bin.
