The article missed the famous quote along the lines of spending it all in Amsterdam.
The winners buying real estate need to look out for maintenance costs and taxes... better expect to spend 5% the cost of the house, or more, annually, for taxes and utilities and upkeep, so if the prize is more than perhaps 10 times your annual income you're eventually going to be in a world of hurt. I've had some relatives end up land-poor and its not a pretty sight. Here's 5 million dollars of lakefront property. Whoops he doesn't make 500K/yr.
The winners buying real estate need to look out for maintenance costs and taxes... better expect to spend 5% the cost of the house, or more, annually, for taxes and utilities and upkeep, so if the prize is more than perhaps 10 times your annual income you're eventually going to be in a world of hurt. I've had some relatives end up land-poor and its not a pretty sight. Here's 5 million dollars of lakefront property. Whoops he doesn't make 500K/yr.