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(LAD Bible)   Remember the "buy a house for 1 Euro" campaign in Italy? Yeah, about that   (ladbible.com) divider line
    More: Followup, Construction, Danny McCubbin, Italy's construction industry, Building engineering, recent months, Renovation, Tricky, I Decided  
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8652 clicks; posted to Main » on 03 Apr 2022 at 8:15 AM (12 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



35 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-04-03 8:21:51 AM  
Looks like he picked the wrong time to buy a 1 Euro house.
 
2022-04-03 8:22:15 AM  
"remember that..."

No, not at all.
 
2022-04-03 8:27:01 AM  
In Sicily?

I suspect I know what the sellers with their small-print stipulations look like:

durrellbowman.files.wordpress.comView Full Size
 
2022-04-03 8:36:03 AM  

Tyrone Slothrop: Looks like he picked the wrong time to buy a 1 Euro house.


"That being said, a year after urging others to do the same as him, it turns out the only stipulation - that buyers must renovate the house within three years of purchase - proved to be tricky to fulfil."

Yeah, those are strict terms.

When submitter writes "Yeah, about that", about farking what submitter? If you don't have the skills to renovate the house, or the finances to pay for it, then you're a moron for doing it in the first place.

Like, what kind of person does this, and doesn't do the minimum to investigate what it would require?

Yeah, the article mentions lack of skilled labour in Italy. Which is why everyone in Western Europe import crews from Eastern Europe, which is easy, but costs more than 1 Euro.

Well, except the UK. They can't do that any longer, so, amongst other things.
 
2022-04-03 8:38:47 AM  
It doesn't sound like a scam, more like an unfortunate confluence of events.

"Here's a cheap house, but you have to fix it up quickly" isn't a deal to start with, but if the town doesn't want buildings being condemned all over the place and wouldn't mind some seasonal vacationers as part-time residents, it can work out for both sides.

The labor shortage just caused the "fix it up quickly" part to become too difficult and expensive to still be worth it.
 
2022-04-03 8:41:03 AM  
Yeah, i looked into this but i dont want to renovate, i want it moved-in ready.
 
2022-04-03 8:42:21 AM  
"...yeah, about that..."

c.tenor.comView Full Size
 
2022-04-03 8:45:15 AM  
Speaky sells houses FOR ONE EURO
Youtube 1G01wG9AMxo
 
2022-04-03 8:45:31 AM  

Tyrone Slothrop: Looks like he picked the wrong time to buy a 1 Euro house.


I had the lasagne.
 
2022-04-03 8:46:14 AM  
You mean it isn't easy to quickly renovate a 400 year old home made out of terra cotta?
 
2022-04-03 9:09:49 AM  

Unsung_Hero: ... "Here's a cheap house, but you have to fix it up quickly" isn't a deal to start with...

The labor shortage just caused the "fix it up quickly" part to become too difficult and expensive to still be worth it.


[cries in Detroit Land Bank Authority]
 
2022-04-03 9:14:40 AM  
I've never understood "worker shortages".
Can he not find a construction company to work with? What about individual workers? Does he need to lock them into a contract?
Are licensed electricians, plumbers, builders under a union that won't let them take side work?
 
2022-04-03 9:22:53 AM  
We might be past peak Yeah About That if this is all Yeah About That to you.
 
2022-04-03 9:23:05 AM  
It isn't like it was not broadcast that you had 3 years to do it. But with the work that needs to be done you are almost buying a new home to fix it. But add three years and a lack of labor you are screwed unless you got the skills.
 
Xai
2022-04-03 9:29:23 AM  
Sounds like he didn't actually have a plan for renovating the house.

Finding workers isn't impossible, you just need to be willing to pay more to get crews in, which he wasn't.

Heck, 3 years I could renovate it myself (barring the plastering, I suck at getting it smooth) but I couldn't afford to take 3 years off work.
 
2022-04-03 9:31:09 AM  

Ketchuponsteak: Tyrone Slothrop: Looks like he picked the wrong time to buy a 1 Euro house.

"That being said, a year after urging others to do the same as him, it turns out the only stipulation - that buyers must renovate the house within three years of purchase - proved to be tricky to fulfil."

Yeah, those are strict terms.

When submitter writes "Yeah, about that", about farking what submitter? If you don't have the skills to renovate the house, or the finances to pay for it, then you're a moron for doing it in the first place.

Like, what kind of person does this, and doesn't do the minimum to investigate what it would require?

Yeah, the article mentions lack of skilled labour in Italy. Which is why everyone in Western Europe import crews from Eastern Europe, which is easy, but costs more than 1 Euro.


Having watching this for a while (in a few places like this) the costs generally end up several tens of thousands of dollars depending.  Some over 100k. But this all has to be budgeted and planned for.

/COVID did not help
 
2022-04-03 9:43:34 AM  
Reminds me of Taxco, Guerro  although many of the buildings there are only 250 years old.

Santa Prisca de Taxco by drone
Youtube eNb5koIV_LU
 
2022-04-03 9:44:08 AM  

Turbo Cojones: Reminds me of Taxco, Guerro  although many of the buildings there are only 250 years old.

[Youtube-video https://www.youtube.com/embed/eNb5koIV_LU]


Guerrero
 
2022-04-03 9:49:05 AM  
This is a non story. Dude even got his one euro back.
 
2022-04-03 9:49:38 AM  
We're in the market for a 1€ home. I'm an artisanal urinal cake carver and my wife is a bum-fight organizer. Our budget is 80,000,000,000₽.
 
2022-04-03 10:10:23 AM  

Abe Vigoda's Ghost: This is a non story. Dude even got his one euro back.


And to top it off, he found another house in the same town that could be fixed up by two guys in a week. He wound up with a decent place to live and spent less than the price of a good used car. But that's not as good of a story as "a house for a pile of linty small change."
 
2022-04-03 10:13:47 AM  
Got to live in the house for a year for free.

That's a win.
 
2022-04-03 10:21:23 AM  

archeochick: I've never understood "worker shortages".
Can he not find a construction company to work with? What about individual workers? Does he need to lock them into a contract?
Are licensed electricians, plumbers, builders under a union that won't let them take side work?


If you have 5 workers and 6 works, 1 work won't get done.
 
2022-04-03 10:25:16 AM  
"By the time I did find a building company, it was double the cost to renovate it. I decided it was not worth it for me any more."

Dude couldn't scrounge up 2 Euros?
 
2022-04-03 11:01:09 AM  

rick42: Abe Vigoda's Ghost: This is a non story. Dude even got his one euro back.

And to top it off, he found another house in the same town that could be fixed up by two guys in a week. He wound up with a decent place to live and spent less than the price of a good used car. But that's not as good of a story as "a house for a pile of linty small change."


Yeah, but when he's done maybe he can trade it for a red paperclip.
 
2022-04-03 11:04:54 AM  
Do it yourself.
 
2022-04-03 11:10:47 AM  

reprobate1125: Do it yourself.


Two issues, the throes of bureaucracy and local people wondering why you didn't go through them.
 
2022-04-03 11:22:38 AM  

hoodiowithtudio: reprobate1125: Do it yourself.

Two issues, the throes of bureaucracy and local people wondering why you didn't go through them.


Normally I'd agree that it's good form and common sense to hire locals if you don't want to be resented and maybe have your property damaged in your absence... but can that really apply when the local standard is already 'hire foreigners because nobody around here will do the work for a rate we consider reasonable'?
 
2022-04-03 11:28:01 AM  

Unsung_Hero: hoodiowithtudio: reprobate1125: Do it yourself.

Two issues, the throes of bureaucracy and local people wondering why you didn't go through them.

Normally I'd agree that it's good form and common sense to hire locals if you don't want to be resented and maybe have your property damaged in your absence... but can that really apply when the local standard is already 'hire foreigners because nobody around here will do the work for a rate we consider reasonable'?


I am not a fan of the buy local movement. But that being said, if you are looking to be a part of the community, hiring at least locally companies (who hire outsiders) will go a long a way.
 
2022-04-03 11:53:27 AM  

archeochick: I've never understood "worker shortages".
Can he not find a construction company to work with? What about individual workers? Does he need to lock them into a contract?
Are licensed electricians, plumbers, builders under a union that won't let them take side work?


It's in Sicily, Italy. Yes, there is a "Union" there that would expect to be paid for "Union member" work.
 
2022-04-03 12:10:08 PM  

Unsung_Hero: hoodiowithtudio: reprobate1125: Do it yourself.

Two issues, the throes of bureaucracy and local people wondering why you didn't go through them.

Normally I'd agree that it's good form and common sense to hire locals if you don't want to be resented and maybe have your property damaged in your absence... but can that really apply when the local standard is already 'hire foreigners because nobody around here will do the work for a rate we consider reasonable'?


More likely you need the local licensed contractor/local union (at local rates) who then subcontracts it out to east Europe types.  And while this "looks too good to be true" (and is), he's still only out a eurobuck.  I can only assume that Italy has been trying to offload these houses for awhile before dropping down to the "1 eurobuck" stage.  And just think how long they've been vacant to get there.
 
2022-04-03 1:13:47 PM  

Unsung_Hero: It doesn't sound like a scam, more like an unfortunate confluence of events.

"Here's a cheap house, but you have to fix it up quickly" isn't a deal to start with, but if the town doesn't want buildings being condemned all over the place and wouldn't mind some seasonal vacationers as part-time residents, it can work out for both sides.

The labor shortage just caused the "fix it up quickly" part to become too difficult and expensive to still be worth it.


Yeah.  I don't see stupidity here, except perhaps on the part of the state.  (Making too many offers that cause demand for renovation at the same time.)
 
2022-04-03 1:53:18 PM  

reprobate1125: Do it yourself.


Pick up some Mexicans from the Home Depot.

That's how they do it in the South.
 
2022-04-03 2:20:40 PM  
Looks like people are moving out of those low wage jobs that are critical to the core of society.

Shame
 
2022-04-03 9:26:08 PM  
He couldn't find any construction workers in Sicily? My guess is he didn't play ball with the local Mafia bosses.

/I'm no, I'm not joking
 
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