Author Topic: Houses to Purchase for 1€ - Who Wants to Buy? (Read 3727 times)

JuryDuty · « **on:** January 17, 2019, 03:09:08 PM »

https://www.cnn.com/travel/article/one-dollar-home-sambuca-sicily-italy/index.html

Who wants to buy a house?
Let's get a nice group of DDFers and make a nice vacation spot in Italy. You just have to agree to remodel the home.

Yammer · « **Reply #1 on:** January 17, 2019, 03:21:42 PM »

Quote from: JuryDuty on January 17, 2019, 03:09:08 PM

https://www.cnn.com/travel/article/one-dollar-home-sambuca-sicily-italy/index.html

Who wants to buy a house?
Let's get a nice group of DDFers and make a nice vacation spot in Italy. You just have to agree to remodel the home.

More like 20k

"But there's a catch. The new owners must commit to refurbish their choice of the crumbling 40- to 150-square meter dwellings within three years, at a cost starting from €15,000 (about $17,200).
They'll also need to cough up a €5,000 security deposit that will be returned once the restyle is complete."

JuryDuty · « **Reply #2 on:** January 17, 2019, 03:23:11 PM »

Quote from: Yammer on January 17, 2019, 03:21:42 PM

More like 20k

Still a great opportunity

Boruch Parnes · « **Reply #3 on:** January 17, 2019, 03:24:52 PM »

Quote from: JuryDuty on January 17, 2019, 03:09:08 PM

https://www.cnn.com/travel/article/one-dollar-home-sambuca-sicily-italy/index.html

Who wants to buy a house?
Let's get a nice group of DDFers and make a nice vacation spot in Italy. You just have to agree to remodel the home.

If 20000 DDFers gives a Dollar it will work as well!

JuryDuty · « **Reply #4 on:** January 17, 2019, 03:26:56 PM »

Quote from: Boruch Parnes on January 17, 2019, 03:24:52 PM

If 20000 DDFers gives a Dollar it will work as well!

Now that's an idea! How are we going to work out the time sharing? I feel like 20 DDFers giving 1000 is more practical

12HRS · « **Reply #5 on:** January 17, 2019, 07:13:31 PM »

sure. ill put in the first 1k if i get dibs on yeshiva week

myi · « **Reply #6 on:** January 17, 2019, 07:19:53 PM »

Quote from: 12HRS on January 17, 2019, 07:13:31 PM

sure. ill put in the first 1k if i get dibs on yeshiva week

Count me for the 2nd k, first come first serve with priority when wanted.

aro123 · « **Reply #7 on:** January 17, 2019, 08:46:40 PM »

I'll be the 3rd. can we airbnb it when no one is there?

myi · « **Reply #8 on:** January 17, 2019, 08:57:03 PM »

Quote from: aro123 on January 17, 2019, 08:46:40 PM

I'll be the 3rd. can we airbnb it when no one is there?

First another 17 ppls.

sharabob · « **Reply #9 on:** January 17, 2019, 08:58:55 PM »

I'm in

ExGingi · « **Reply #10 on:** January 17, 2019, 09:10:33 PM »

Quote from: sharabob on January 17, 2019, 08:58:55 PM

I'm in

+1

aro123 · « **Reply #11 on:** January 17, 2019, 09:33:50 PM »

who is actually gonna go manage it?

Definitions · « **Reply #12 on:** January 17, 2019, 11:32:21 PM »

Something tells me the locals won't be too inviting. Second I highly doubt they would sell it for a bunch of people to vacation in, they want residents.

Sammyonetwo · « **Reply #13 on:** January 18, 2019, 12:08:20 AM »

I’m in

ItzikF · « **Reply #14 on:** January 18, 2019, 02:53:54 AM »

Quote from: Yammer on January 17, 2019, 03:21:42 PM

More like 20k

"But there's a catch. The new owners must commit to refurbish their choice of the crumbling 40- to 150-square meter dwellings within three years, at a cost starting from €15,000 (about $17,200).
They'll also need to cough up a €5,000 security deposit that will be returned once the restyle is complete."

Remodeling will probably cost more than 20k to make it livable. But still sound like a cool idea

ExGingi · « **Reply #15 on:** January 18, 2019, 09:52:43 AM »

Quote from: ItzikF on January 18, 2019, 02:53:54 AM

Remodeling will probably cost more than 20k to make it livable. But still sound like a cool idea

The big question is what are real estate taxes there.

Definitions · « **Reply #16 on:** January 18, 2019, 11:11:37 AM »

Quote from: ExGingi on January 18, 2019, 09:52:43 AM

The big question is what are real estate taxes there.

You can email the mayor

http://www.comune.sambucadisicilia.ag.it/Amministrazione/Sindaco.htm

sindaco@comune.sambucadisicilia.ag.it

callmepaul · « **Reply #17 on:** January 18, 2019, 11:40:26 AM »

https://edition.cnn.com/travel/article/sambuca-sicily-one-euro-home-stampede/index.html

"Since CNN Travel broke the news about the €1 ($1.14) offer aimed at revitalizing a beautiful but depopulated community, there's been a stampede to buy.
Within 48 hours of the story going live, the town has been inundated with tens of thousands of inquiries from people hoping to grab their piece of the rural Italian drea"

yos9694 · « **Reply #18 on:** January 18, 2019, 12:22:24 PM »

Quote from: myi on January 17, 2019, 07:19:53 PM

Count me for the 2nd k, first come first serve with priority when wanted.

Another way to do it is to make 52 time shares of a week each and fill up the slots

ExGingi · « **Reply #19 on:** January 18, 2019, 01:59:19 PM »

Quote from: callmepaul on January 18, 2019, 11:40:26 AM

https://edition.cnn.com/travel/article/sambuca-sicily-one-euro-home-stampede/index.html

"Since CNN Travel broke the news about the €1 ($1.14) offer aimed at revitalizing a beautiful but depopulated community, there's been a stampede to buy.
Within 48 hours of the story going live, the town has been inundated with tens of thousands of inquiries from people hoping to grab their piece of the rural Italian drea"

I guess this thread should move to the "Deals on death watch" thread.