You Can Buy Homes In Italy And Sicily For One Euro Part 2

They all have problems to solve. Some have hidden costs. Some are in areas so bad that nobody wants to live there. You should buy the worst house in a great area, not the worst house in a terrible area, because no matter how much money you put into that home, the area is still undesirable. An ocean view in Sicily seems appealing, but these neighborhoods have been declining for 500 years. You don't just go in, paint one wall and charge $1 million for the home. You can put down nice floors and fix holes in walls, but next door conditions are bad and their rats come into your space so you can't fix an entire neighborhood. Water and electricity must be connected and not be in need of major work. Sewerage is another concern. The politics are a major factor. What are the taxes? Why does the government say about what you can do with the home? Is there socialist rent control? How free is the market? What is the anticipated return on investment and how does it compare with bitcoin's 100% annual average? Real estate was fine in the US, but now there is an assumption that the state owns it and you can't kick anyone out during a planned pandemic, like Covid.