What if you could buy a house for $100.00!?

In some real estate markets, home owners are turning to a raffle to try to sell their home.  (Thanks to Josh for the tip!)

For example, Angela Schaab in Grand Rapids, Michigan is attempting to sell her boardwalk condo by selling 2,500 $100 raffle tickets.  As of today (9/27/2008) she has sold 235 tickets. 

Or, read the story of several owners attempting raffles in the Wall Street Journal's Raffles: Real Estate’s Latest Game of Chance.

So --- what do you think?  If there were a house on the market in Harrisonburg, and you could buy a raffle ticket for $100 --- would you buy one?