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(Some Guy)   In an effort to avoid foreclosure, couple decides to raffle off home for $100 a ticket. State claims that this is a violation of the "Bank Bingo and Mortgage Pinball Act of 1829"   (koat.com ) divider line 51
    More: Interesting  
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11055 clicks; posted to Main » on 19 Apr 2008 at 7:32 PM (7 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2008-04-19 06:07:21 PM  
MULTIBAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAALL

... void where prohibited.
 
2008-04-19 06:18:28 PM  
so...gambling with sub-prime mortage market investments = GOOD.
Raffling off house to avoid forclosure = BAD.

That's a rather curious distinction, don't you agree?
 
2008-04-19 06:52:43 PM  
Wow, that wasn't just a made up law.
 
2008-04-19 07:36:23 PM  
HAHAHAHA.It is some kind of deal so that the present owners can pay back the 100$ to those who won and keep their house?
 
2008-04-19 07:37:30 PM  
Hey, it's a neat idea. Here's a similar idea: Win this Colorado house with an essay (new window)
 
2008-04-19 07:38:09 PM  
Weaver95: so...gambling with sub-prime mortage market investments = GOOD.
Raffling off house to avoid forclosure = BAD.

That's a rather curious distinction, don't you agree?


Illogic? In MY government?
 
2008-04-19 07:41:27 PM  
Illogic? In MY government?

It's more likely than you think.
 
2008-04-19 07:42:11 PM  
If a private organization creates a lottery where people can wager money on random chance, we call the people who run the private lotteries "numbers racketeers" and send them in prison, because lotteries encourage the poor and the stupid to throw their money away.

If the government creates a lottery where people can wager money on random chance, we call name the lottery some extremely perky name which gives false hope to a system of astronomical odds, which encourages the poor and the stupid to throw their money away.
 
2008-04-19 07:42:13 PM  
Deaf, dumb AND blind
 
2008-04-19 07:47:07 PM  
Weaver95: o...gambling with sub-prime mortage market investments = GOOD.
Raffling off house to avoid forclosure = BAD.

That's a rather curious distinction, don't you agree?


Yes and no. CNBC has Deal or No Deal on right now followed by the Poker Championships. Read out of that what you will.
 
2008-04-19 07:52:00 PM  
potee: If a private organization creates a lottery where people can wager money on random chance, we call the people who run the private lotteries "numbers racketeers" and send them in prison, because lotteries encourage the poor and the stupid to throw their money away.

If the government creates a lottery where people can wager money on random chance, we call name the lottery some extremely perky name which gives false hope to a system of astronomical odds, which encourages the poor and the stupid to throw their money away.



But it's their money. If they want to blow their paycheck on lottery tickets, let 'em.

Just don't expect any sympathy from me when you spend all your money gambling, and not enough to pay the bills.
 
2008-04-19 07:53:19 PM  
Apparently the submitter is a time traveller, because the decision won't be made until next week.

Is that you, time traveling newspaper ad guy?
 
2008-04-19 07:53:41 PM  
There's actually a Bingo and Raffle Act?

WTF?
 
2008-04-19 07:55:31 PM  
How about who ever can correctly use the most puntuation marks in a coherent essay? That should make it a game of skill.
 
2008-04-19 08:00:07 PM  
It takes skill to write an winning essay, I would think.
 
2008-04-19 08:02:37 PM  
article never mentioned foreclosure. nice one subby.
 
2008-04-19 08:02:47 PM  
All Apologies: Apparently the submitter is a time traveller, because the decision won't be made until next week.
Is that you, time traveling newspaper ad guy?


I don't believe the headline says anything about a ruling.
 
2008-04-19 08:04:25 PM  
where does TFA mention foreclosure?
 
2008-04-19 08:05:45 PM  
I'm writing a 12 page paper right now on the Sub-prime crisis, the fed bailout of bear stearns, and the similarity to the 1982 Penn Square Bank / Seattle First national bank bailout so I am getting a kick out of these replies.

/In reality I'm taking a break to prevent myself from pulling out my hair
//I promised myself if I got at least 6 pages done I could drink a few delirium tremens I have in the fridge to ease the pain
///Back to writing
 
2008-04-19 08:09:03 PM  
Hey guys, if you read the article you will learn that this family is selling the house because it was the site of a 1928 murder and the place is haunted.

/as accurate as the headline
 
2008-04-19 08:11:19 PM  
Toshiro Mifune's Letter Opener: MULTIBAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAALL

... void where prohibited.


We're up seven blurns!
 
2008-04-19 08:20:55 PM  
andrew131: All Apologies: Apparently the submitter is a time traveller, because the decision won't be made until next week.
Is that you, time traveling newspaper ad guy?

I don't believe the headline says anything about a ruling.


The state claims it may be, not it is, they'll decide next week on whether it is or not.

State claims that this is a violation of the "Bank Bingo and Mortgage Pinball Act of 1829"

In a week they may, they haven't decided whether it is or not.
 
2008-04-19 08:29:51 PM  
I think the real message here is that you can't fight City Hall. And let's be honest here: you can indeed fight City Hall. But you won't win.
 
2008-04-19 08:35:37 PM  
Since it was legal in The Spitfire Grill, it must be legal in real life, no?
 
2008-04-19 08:36:40 PM  
SomeGuyFromColorado: I think the real message here is that you can't fight City Hall. And let's be honest here: you can indeed fight City Hall. But you won't win.

Actually, as long as you make sure City Hall gets a cut of the take, you can pretty much do whatever you want.
 
2008-04-19 08:37:42 PM  
SomeGuyFromColorado
I think the real message here is that you can't fight City Hall

No, but you can wrestle it...
 
2008-04-19 08:39:31 PM  
Weaver95: SomeGuyFromColorado: I think the real message here is that you can't fight City Hall. And let's be honest here: you can indeed fight City Hall. But you won't win.

Actually, as long as you make sure City Hall gets a cut of the take, you can pretty much do whatever you want.


Not in Glenwood Springs, Colorado. I want to move to a town where this is true. Soon.
 
2008-04-19 09:03:25 PM  
If I recall correctly, I used to work a part-timer at Target that used to collect $5 a person for a chance at winning his paycheck.

Hey, if $5'll (almost) get you $50, why the hell not?

/never went for it
 
2008-04-19 09:08:30 PM  
kilgorn: SomeGuyFromColorado
I think the real message here is that you can't fight City Hall

No, but you can wrestle it...


You can Killdozer it.
 
2008-04-19 09:17:22 PM  
Hey, I sold a house last fall in White Rock (which technically is part of Los Alamos). It took me 3 times as long as normal market stays for the neighborhood and I took a $25,000 loss, but I got rid of the sumbiatch. I don't blame these folks for trying something different to move the property in a stale market...and one can count on the wife's cousin's friends who make up most of New Mexico's state government to decree that this competition is actually a raffle and therefore a no-go.

/Loves renting
//Hated owning
///Freeeeeedoooom!
 
2008-04-19 09:20:25 PM  
In my state, my wife's little charity group has to get a license to run a raffle, and the application includes proof that it's really a charity. Even the high school band boosters have to do this.

Otherwise, it could just lead to people running a numbers game from their garage. Now, we can debate the difference between a state-sponsored lottery and a South Philly organized crime racket, but the family raffling their house should have followed the rules and did not think their cunning plan all the way through.
 
2008-04-19 09:24:14 PM  
Earguy:

The family's been banging their heads against a wall since the press incessantly refers to this as a raffle, which it isn't. It's an essay contest with an entrance fee.
 
2008-04-19 09:26:14 PM  
jimhill: Earguy:

The family's been banging their heads against a wall since the press incessantly refers to this as a raffle, which it isn't. It's an essay contest with an entrance fee.


Oh, I was supposed to read the article? Bah!
 
2008-04-19 09:35:55 PM  
Well, we can't have the bank miss out on collecting it's due. I mean, think of the starving bankers!
 
2008-04-19 09:38:40 PM  
Earguy: jimhill: Earguy:

The family's been banging their heads against a wall since the press incessantly refers to this as a raffle, which it isn't. It's an essay contest with an entrance fee.

Oh, I was supposed to read the article? Bah!


___________________________________________________________________________

Crazy talk!
 
2008-04-19 09:45:58 PM  
What they are doing is almost certainly legal. The three requirements for an illegal game of chance are:

1) chance
2) consideration
3) a prize

While they are demanding consideration and awarding a prize, there is no chance involved. The winner will be based on an essay contest.

If it were a random drawing, then it would be an illegal game of chance.
 
2008-04-19 09:52:26 PM  
Link (new window)
 
2008-04-19 10:18:28 PM  
All Apologies: The state claims it may be, not it is, they'll decide next week on whether it is or not.

Good job, claim != ruling. Therefore, the headline is correct.
 
2008-04-19 10:41:32 PM  
andrew131: All Apologies: The state claims it may be, not it is, they'll decide next week on whether it is or not.

Good job, claim != ruling. Therefore, the headline is correct.


I don't know how you can confuse is a violation with might not be legal under state law.

Is there a difference between is and might?

You're the subby aren't ya?
 
2008-04-19 11:23:03 PM  
andrew131: All Apologies: The state claims it may be, not it is, they'll decide next week on whether it is or not.

Good job, claim != ruling. Therefore, the headline is correct.


Really? Consider this statement:

"andrew131 may be a genius."

See, may be != "is." And a "may be" often ends up being decided in the negative, as illustrated by my statement.
 
2008-04-20 03:24:13 AM  
Raffles are so, pointless.

Not as much so as the lottery, but still.
 
2008-04-20 03:44:20 AM  
All Apologies: Is that you, time traveling newspaper ad guy?

Remember: must bring your own weapons, and he only done this once before.
 
2008-04-20 07:04:45 AM  
Yet the winning entry only submitted one red paper clip.
 
2008-04-20 08:06:23 AM  
I loved owning my own home. In my area because of enormous quantaties of secion 8 housing users and the fact that many of the rest are military and the military will pay a huge housing allowance (huge for this geographic area) the price of renting a decent place is almost double that of paying a non-adjustable rate mortgage payment and comes with more aggravation too.

If I were staying in the area, I'd buy another house. Renting, at least in this area, is for the suckers, transients, or government hand-out getters.

/Would write a helluva an essay for a decent house. Let me buy your foreclosure.
 
2008-04-20 10:39:57 AM  
carrot: Yet the winning entry only submitted one red paper clip.

win!
 
2008-04-20 04:48:07 PM  
Gunny Walker: How about who ever can correctly use the most puntuation marks in a coherent essay? That should make it a game of skill.

can i l33t? how bout !!!!1!!1!!!!2!1eleventy!!!!11!?
 
2008-04-20 05:58:03 PM  
All Apologies:
I don't know how you can confuse is a violation with might not be legal under state law.
Is there a difference between is and might?
You're the subby aren't ya?


FTFA
But the Gaming Control Board said the contest might not be legal under state law.

The fact remains, the state can claim anything it wants, like when someone is charged with murder. The state claims the defendant murdered someone, claim != finding.

Good job, tards.
 
2008-04-20 05:59:14 PM  
tonesskin:
Really? Consider this statement:
"andrew131 may be a genius."
See, may be != "is." And a "may be" often ends up being decided in the negative, as illustrated by my statement.


No, you're confusing the whole goddamn argument.
 
2008-04-20 10:10:28 PM  
In a unrelated note, fark Mayor Wilder of Richmond, VA
 
2008-04-21 07:09:41 AM  
Voldemort: Hey, it's a neat idea. Here's a similar idea: Win this Colorado house with an essay (new window)

Interesting. The rules and conditions don't limit this to the US.
 
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