TruliaOne way to spend that Powerball cash: start buying up real estate.Are you one of the three — and maybe more — winners of Wednesday’s $1.5 billion Powerball lottery?
Are you eager to become a real estate mogul?
Look no further. Real estate listing site Trulia has found the US cities where you can make the biggest splash with your newfound cash, looking at the percentage of total housing inventory you could now buy out. They considered factors like the size of the market, median listing price, and home availability.
But if you want to become the next big name in New York City properties, you might want to think again: even as a billionaire, you’ll only be able to snag 9% of available properties in the Big Apple, or 16% in Long Island, as homes are pricey and inventory is flush. Miami and Los Angeles also won’t give you much bang for your buck. Instead, you’ll want to start your empire somewhere smaller, with more reasonable prices.
Assuming the winner takes the $600 million lump sum (after taxes), here are your best bets.