Was Italy's $1 Home Scheme Worth It? | True Cost | Insider News

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00:00 - Intro
01:02 - Meet Tam And Gary
02:00 - Their Home In Sambuca
03:28 - The Transformation
03:49 - The History Of The 1 Euro Home Scheme
05:54 - Meet Danny In Mussomeli
07:10 - Look Around Danny's House
08:14 - The Deputy Mayor
09:06 - Did The 1 Euro Scheme Work?
09:44 - Danny's Good Kitchen
10:55 - Tam And Gary At The Winery
12:33 - Top Tips For Potential Buyers
12:36 - How Much Did They Spend?
13:31 - Credits

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Was Italy's $1 Home Scheme Worth It? | True Cost | Insider News

[RaielGaming]

my favorite thing i learned in this video was about The Good Kitchen, i think the work they're doing there is really cool, giving back to a community that they are stepping into

[jasonlajoie]

The guy who's feeding people is an instant asset to his new community. What a lovely person ❤️

[Shay]

The plumbers, carpenters, and contractors etc are probably real happy about this!

[Rex_Cosmos]

Wow Danny’s a gem. Moves to the town and helps the locals. That’s really fantastic.

[GaryPopejr]

The problem with this is that it doesnt solve the town being vacant, because folks like them bought a vacation a home

[blueman]

A 4, 000 Euro agents fee on a 8, 000 Euro property? Absolutely sounds like a scam.

[FirstToComment]

The agents are the real winners here 😊

[senorigor]

I think in general the scheme works very well. Even if people don't stay there 100% of time, they did bring a lot of business to local trade. They will be much more likely to spend a few months there, instead randomly flying around the world.

What's more, each renovated house makes the town looks nicer to live in and more people might follow.

[DerpEye]

I'm italian, i really can't understand some of the comments. What did you expect? Being handed a brand new fully functioning home? And not paying any taxes or fees?

[AlpineTrails]

"1euro" house with 4k agent fees and another 4k deposit for what it is a house in ruins. Sounds to me like Danny was a lot smarter and bought a ready to live house for about the same initial price without having to spend 160K on top. Which is to say the least ridiculous amount for an obscure town in Sicily.

[jimbim]

As someone who has lived in 3 separate but similar areas of the Med, but in different countries, the main issue (which was not dealt with here) is that before moving, you HAVE to understand how you will make a living. I know of too many folks whose romantic vision of these places lead them to move, and only THEN realised that the reason these places are so out of fashion amongst the locals, is because there is simply no way of making a living there. Be 110% sure that you know HOW you will earn a living, before you move.

[bmorrison]

Danny made my day. Feeding all those people is a truly beautiful way to become part of the town.

[j.f.]

The scheme worked for the town. However, with the sum of 165K that this couple paid, one could afford a renovated house along with a vineyard!

[Mark-ejoi]

The most ridiculous statement in all video was: 'a home like this in LA would cost over one million dollars' only Americans can think like this. These people spent 160K Euros for a 60-70K Euros resale value. When starting this kind of project, you must evaluate the market value of the renovated property. Thinking that you made a great deal because the same property would cost twenty times more in central London is simply idiotic.

[--Paws--]

That Danny guy is good in serving the town he transplanted to. It's nice that there are people that have a vision to help where they decide to stay.

[Shanker]

Danny is a real gem, top notch guy who serves and integrates into the community. Gary and Tam seem like they were already extremely well off, never needed the "deal" and only used it to get themselves a cheaper vacation home to spend a week or two a year. Two completely different classes of people.

[bandit]

I'd like to see some perspective from the locals who aren't elected officials

[aqib]

Bought a house for 1 €, ended costing 158, 000 € . House in an abandonaded town in italy. This couple have too much extra money for sure.

[thomas]

Honestly isn't it better to retire early to the Mediterranean, eat good food and enjoy the sunshine, instead of riding the underground to an office every day? We get so caught up in having the new car or jet ski that we lose sight of what really makes us happy.

[DonLee]

I think it's a brilliant idea. All that money spent on the house renovations is work, and business for the local town, while also upgrading the its outlook as well.