A Californian property developer has started selling houses by lottery because there are not enough homes to meet the demand.
The developer has set up a lottery for properties in its Fusion Complex after buyers began camping out in front of other developments in the area, reports CNN's Alison Kosik.
Potential buyers who pre-qualify for a mortgage and have the down payment available go to the sales office once a month and receive a number. The company then draws winners and a backup for 10 homes each month.
News that makes sense
Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.
But some prospective buyers are unhappy with the system because house prices rise each time a new home goes up for sale.
