Sometimes, winning a housing lottery isn’t what it’s cracked up to be. A Newsday newsletter on Tuesday caught my attention with this headline: “A lottery could help some Long Islanders buy a condo for less than $300G.” The story said 16 two-story townhomes in the Beechwood Organization’s 152-home Yaphank development can be purchased at a discount by buyers who meet income guidelines and are selected in the random drawing. I immediately thought back to a November story in Newsday about a condo lottery in Westhampton Beach. Winners would pay $535,875 for seven of the 45 homes in an Inland Real […]

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