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(WRAL)   A North Carolina woman traveling to Virginia decided to stop at a gas station because she was craving a Coke slushie. She then decided to buy a scratch off lottery ticket as well. What could go right?   ( wral.com) divider line
    More: Cool, North Carolina, Speedway gas station, Cash scratch-off ticket, Lottery, Lorie Sykes, Want, Goldsboro woman, Coke slushie  
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8171 clicks; posted to Main » on 16 May 2018 at 6:20 PM (22 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2018-05-16 03:42:18 PM  
A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it
 
2018-05-16 06:22:35 PM  
Couldn't have happened to a better person.
 
2018-05-16 06:24:30 PM  

Dead for Tax Reasons: A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it


In the east you can build a lot of home for $176k.
In Oregon you can do it as well.
In California, not so much.
 
2018-05-16 06:25:00 PM  

Dead for Tax Reasons: A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it


Sykes claimed her prize on Tuesday and took home $176,254 after taxes. She said she plans to use the money to build a bigger home.

ANNNNNNNDDDDD shortly on Fark

"Lottery winner is broke and homeless after foreclosure...."

/property taxes, upkeep etc etc. DUH!
 
2018-05-16 06:25:43 PM  
The house won't be built. She'll blow the money on Coke slushies and scratch offs.
 
2018-05-16 06:26:32 PM  
She got a Pepsi slushie instead?
 
2018-05-16 06:30:15 PM  

farker99: Dead for Tax Reasons: A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it

In the east you can build a lot of home for $176k.
In Oregon you can do it as well.
In California, not so much.


Not so much here in New Jersey either.
 
2018-05-16 06:30:37 PM  
Yeah, that's not really enough money to build a big home.  Unless you build it in the middle of nowhere in a flyover state.  It's enough money to put an addition on an existing home and do some remodeling and upgrades.  176k doesn't go as far as it used to.

I spent the last 3 days entering losing scratch off tickets into the second chance drawing for 1 million.  My husband brings home boxes of them that stores set aside for him.  You never know.
 
2018-05-16 06:31:26 PM  
Cool!  So it paid for the slushie.
 
2018-05-16 06:31:35 PM  

Dead for Tax Reasons: A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it


Self storage unit covered in her own feces.
Or poisoned by jealous family members.
 
2018-05-16 06:32:06 PM  

DarkSoulNoHope: farker99: Dead for Tax Reasons: A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it

In the east you can build a lot of home for $176k.
In Oregon you can do it as well.
In California, not so much.

Not so much here in New Jersey either.


My house in Tucson was $150,000. It's a little over 2,000 sq ft and was a new build. It's absolutely gorgeous.

/Downside: I'm in Arizona
//If we could pick up Tucson and move it to another state I'd be delighted
///threes
 
2018-05-16 06:34:58 PM  
"This is life-changing," she said. "I want to build a four-bedroom house with room for my family to come visit."

Oh, sweetie no.

Live within your means with the income you have now, stick that $176,000 in a Vanguard fund and enjoy the extra $10-$15k a year, or let it grow for 20 years and retire early.
 
2018-05-16 06:36:14 PM  
I prefer the Canadian lotteries where the prize is what the prize is.
$250,000 = $250,000
$60M = $60M.
None of this "less taxes, and paid as an annuity over 20 years" bullshiat.
You beat incredible odds to win, but the US government is still there to tax you. Lotteries are a tax on the stupid anyway, so that's double-taxation.

(And before the stupid jokes, C$1.00 = US$0.782 currently)
 
2018-05-16 06:36:46 PM  

Dead for Tax Reasons: A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it


If it's her first home, she can get a tax write off that will bring up the amount of money she can keep a considerable sum.  Also, given that she is living in North Carolina a couple hundred grand would go a really long way.  Investing in a home, even a modest one, is a lot wiser of a move than putting it into some money making scheme that her relatives will probably try to sell her on.
 
2018-05-16 06:37:24 PM  

Dead for Tax Reasons: A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it


Depends on what you're idea of a dream home is and where you want to live.
I could buy a house three times the size of the one I own on multiple acres for what I paid for this thing.

House-wise I don't want or need much. a thousand, 1200 sqft would be fine. I'd rather have more land.
 
2018-05-16 06:38:19 PM  

Dead for Tax Reasons: A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it


Clearly, you've never been to Goldsboro, NC.  It's a shiathole, and $176,000 would build a nice home that will be vandalized and robbed in no time.
Lived in Chapel Hill for residency.  Dated a girl who lived in Goldsboro.  I always hated visiting her because Goldsboro is a dump.  Sex was good though, so I put up with it.
/CSB
 
2018-05-16 06:43:50 PM  
Some of you are confusing Goldsboro with the Golden State.

img.fark.netView Full Size
 
2018-05-16 06:45:56 PM  

farker99: Dead for Tax Reasons: A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it

In the east you can build a lot of home for $176k.
In Oregon you can do it as well.
In California, not so much.


Not exactly a palace, but not too bad. Same search produced one listing within 20 miles of home (one bedroom condo in Framingham).

img.fark.netView Full Size
 
2018-05-16 06:48:41 PM  
Reading this Fark headline only. she's black? Didn't RTFA
 
2018-05-16 06:49:20 PM  

idrow: Yeah, that's not really enough money to build a big home.  Unless you build it in the middle of nowhere in a flyover state.  It's enough money to put an addition on an existing home and do some remodeling and upgrades.  176k doesn't go as far as it used to.

I spent the last 3 days entering losing scratch off tickets into the second chance drawing for 1 million.  My husband brings home boxes of them that stores set aside for him.  You never know.


Why does a dream home have to be a large home? My dream home will have two bedrooms, a decent-sized living room, a basement, kitchen and one and a half baths. I could easily build it for under $100K and have enough left to purchase the land outright and only worry about property taxes, upkeep, and insurance after that.

Disclaimer: I live on the East Coast, in the South. There is plenty of unsold land begging for a buyer in them thar hills.
 
2018-05-16 06:49:21 PM  

unfarkingbelievable: Reading this Fark headline only. she's black? Didn't RTFA


Read TRA.

Yup.
 
2018-05-16 06:50:04 PM  

farker99: Dead for Tax Reasons: A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it

In the east you can build a lot of home for $176k.
In Oregon you can do it as well.
In California, not so much.


by east, you must mean southeast

that's more of a nightmare to me, but to each their own
 
2018-05-16 06:50:21 PM  
A day care worker for those with special needs? I think in this case, the state should forgo collecting the taxes on this win, giving the lady a break.
 
2018-05-16 06:50:48 PM  

Dead for Tax Reasons: A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it


In Wayne County?  That goes a long way towards a 3-bedroom house.
 
2018-05-16 06:53:07 PM  

Unikitty: idrow: Yeah, that's not really enough money to build a big home.  Unless you build it in the middle of nowhere in a flyover state.  It's enough money to put an addition on an existing home and do some remodeling and upgrades.  176k doesn't go as far as it used to.

I spent the last 3 days entering losing scratch off tickets into the second chance drawing for 1 million.  My husband brings home boxes of them that stores set aside for him.  You never know.

Why does a dream home have to be a large home? My dream home will have two bedrooms, a decent-sized living room, a basement, kitchen and one and a half baths. I could easily build it for under $100K and have enough left to purchase the land outright and only worry about property taxes, upkeep, and insurance after that.

Disclaimer: I live on the East Coast, in the South. There is plenty of unsold land begging for a buyer in them thar hills.


I have my "dream home." I'm with my loved ones.
 
2018-05-16 06:53:10 PM  

farker99: Dead for Tax Reasons: A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it

In the east you can build a lot of home for $176k.
In Oregon you can do it as well.
In California, not so much.


Here in Mississippi, you could probably buy a whole county for $180K, then build a mansion with what was left over
/I know; 'But Mississippi'
 
2018-05-16 06:57:13 PM  

winedrinkingman: Dead for Tax Reasons: A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it

If it's her first home, she can get a tax write off that will bring up the amount of money she can keep a considerable sum.  Also, given that she is living in North Carolina a couple hundred grand would go a really long way.  Investing in a home, even a modest one, is a lot wiser of a move than putting it into some money making scheme that her relatives will probably try to sell her on.


Yeah, but according to certain Farkers, it's better to live in a studio apartment than in "flyover" states. :p
 
2018-05-16 06:57:25 PM  

Bowen: farker99: Dead for Tax Reasons: A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it

In the east you can build a lot of home for $176k.
In Oregon you can do it as well.
In California, not so much.

Not exactly a palace, but not too bad. Same search produced one listing within 20 miles of home (one bedroom condo in Framingham).

[img.fark.net image 422x750]


Not too bad? 2200sf is a nice house.
 
2018-05-16 07:14:57 PM  

idrow: Yeah, that's not really enough money to build a big home.  Unless you build it in the middle of nowhere in a flyover state.  It's enough money to put an addition on an existing home and do some remodeling and upgrades.  176k doesn't go as far as it used to.

I spent the last 3 days entering losing scratch off tickets into the second chance drawing for 1 million.  My husband brings home boxes of them that stores set aside for him.  You never know.


I've got an 1,100 sq ft home on 1 acre in one of the top 20 school districts in the state, I overspent at $140k. If you already own the land you can build an ~3-4k square foot house to nice standards for $172k.
 
2018-05-16 07:17:10 PM  

Dead for Tax Reasons: someone needs better dreams if $176k covers it


There is a financial instrument called a "mortgage loan" where a $176K "down payment" would enable a person to purchase a home which costs more than $176K.

Fascinating concept. Google it if you are interested in learning more.
 
2018-05-16 07:17:53 PM  
I'd blow it on a personal Van Halen concert.

/original members
//& hookers
///& blow
 
2018-05-16 07:19:06 PM  
That's about a months rent in Manhattan.
 
2018-05-16 07:21:52 PM  

unfarkingbelievable: Reading this Fark headline only. she's black? Didn't RTFA


Dafuq?
 
2018-05-16 07:21:55 PM  

upndn: I'd blow it on a personal Van Halen concert.


i1055.photobucket.comView Full Size
 
2018-05-16 07:22:57 PM  

SBinRR: Some of you are confusing Goldsboro with the Golden State.

img.fark.netView Full Size


In the Golden State you move the decimal point one to the right.
 
2018-05-16 07:30:11 PM  

Dead for Tax Reasons: A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it


The median price of homes currently listed in Goldsboro is $164,950. (Zillow)
You were saying? This ain't LA or NYC or Okakland or SF or San Diego... this is Goldsboro.
I have family near there (Fayetteville)
 
2018-05-16 07:32:06 PM  

Billy Liar: Cool!  So it paid for the slushie.


You might say the money came from a slush fund.
 
2018-05-16 07:33:08 PM  

Bowen: farker99: Dead for Tax Reasons: A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it

In the east you can build a lot of home for $176k.
In Oregon you can do it as well.
In California, not so much.

Not exactly a palace, but not too bad. Same search produced one listing within 20 miles of home (one bedroom condo in Framingham).

[img.fark.net image 422x750]


And in Colorado, a house like that would be $400,000. Fark every out of stater that tanked this state.

/Not bitter at all
//Honest
///Why would I be
 
2018-05-16 07:46:17 PM  
Does anyone have a map where you can buy authentic Slush Puppies?
 
2018-05-16 07:47:24 PM  

robodog: idrow: Yeah, that's not really enough money to build a big home.  Unless you build it in the middle of nowhere in a flyover state.  It's enough money to put an addition on an existing home and do some remodeling and upgrades.  176k doesn't go as far as it used to.

I spent the last 3 days entering losing scratch off tickets into the second chance drawing for 1 million.  My husband brings home boxes of them that stores set aside for him.  You never know.

I've got an 1,100 sq ft home on 1 acre in one of the top 20 school districts in the state, I overspent at $140k. If you already own the land you can build an ~3-4k square foot house to nice standards for $172k.


Yeah, but Ohio :/
 
2018-05-16 07:58:02 PM  

ChimpNipples: Bowen: farker99: Dead for Tax Reasons: A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it

In the east you can build a lot of home for $176k.
In Oregon you can do it as well.
In California, not so much.

Not exactly a palace, but not too bad. Same search produced one listing within 20 miles of home (one bedroom condo in Framingham).

[img.fark.net image 422x750]

And in Colorado, a house like that would be $400,000. Fark every out of stater that tanked this state.

/Not bitter at all
//Honest
///Why would I be


My nephew in Colorado thinks the influx is from when they legalized weed.  He said it's definitely the cause of the increase in street beggars  (not the same as homeless!).  I wouldn't know, I'm not there.

If he's right then the influx should die off after more states legalize pot.

/Oops, not trying to threadjack
//Turn this thread around, we're going to Cuba
 
2018-05-16 08:23:35 PM  

DarkSoulNoHope: farker99: Dead for Tax Reasons: A Goldsboro woman is planning to build her dream home after winning a $250,000 lottery prize over the weekend

someone needs better dreams if $176k covers it

In the east you can build a lot of home for $176k.
In Oregon you can do it as well.
In California, not so much.

Not so much here in New Jersey either.


South Jersey is much more affordable than North Jersey however.
 
2018-05-16 08:40:15 PM  
Taxing winnings purchased with taxed money is abhorrent.
 
2018-05-16 08:42:48 PM  
A person from the South winning the lottery. This always ends well.
 
2018-05-16 08:43:50 PM  

jaytkay: Dead for Tax Reasons: someone needs better dreams if $176k covers it

There is a financial instrument called a "mortgage loan" where a $176K "down payment" would enable a person to purchase a home which costs more than $176K.

Fascinating concept. Google it if you are interested in learning more.


If you need to hit the lottery to buy a house, you'll have enough trouble with property taxes and upkeep.  Using it for a mortgage is asking for a foreclosure (which is pretty much expected to happen to lottery winners anyway.  On the other hand, if the money is "gone" and you still have the house, that's a huge win.
 
2018-05-16 08:49:30 PM  
The least she can do is get the cable fixed.
 
2018-05-16 09:02:23 PM  

weddingsinger: "This is life-changing," she said. "I want to build a four-bedroom house with room for my family to come visit."

Oh, sweetie no.

Live within your means with the income you have now, stick that $176,000 in a Vanguard fund and enjoy the extra $10-$15k a year, or let it grow for 20 years and retire early.


This This This So Much.

I've had Vanguard funds for 8 years, 8.9% ave yearly return. and I don't fark around with balancing them, or chasing the big winners of last two years. Don't do it. Leave it alone. Vanguard knows what is up.

Spend 20K on a new bedroom or an upgrade to the kitchen. Spend 5K on a vacation or a big party. people can sleep on couches. Put the 10-15K year into your kids college fund, paying off your credit cards.

Please don't spend 175 K upgrading your house, causing property tax problems.
Jebus.

This person will be foreclosed on in 4 years.
 
OOF
2018-05-16 09:26:26 PM  
img.fark.netView Full Size
 
2018-05-16 09:28:37 PM  
I am of the opinion that taking the long payout is more likely to result in success than taking the immediate payout. I understand that taking the immediate payout, even with the tax consequences, is *theoretically* more advantageous, but that assumes a rational investor mentality, which lottery players, prima facie, do not have. If I won a significant lottery payout, I would counsel myself to take the annualized payments.

People do not do well with huge influxes of money. They just don't.
 
2018-05-16 09:45:04 PM  

yet_another_wumpus: If you need to hit the lottery to buy a house, you'll have enough trouble with property taxes and upkeep.  Using it for a mortgage is asking for a foreclosure


You're making a lot of assumptions about the lottery winner.

Maybe she has a house with equity, and the $176K would allow her to step up to her dream home.

Maybe she's paying high rent and a $176K down payment would allow her to buy a house with a similar or even lower monthly out of pocket expense.
 
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