Saturday, February 3, 2018

Wanna buy a house for $1.25?

Okay, it's a fixer-upper in a tiny village in Italy, and there are strings attached, but $1.25 is less than a Starbucks coffee. Here's the deal. Residents have been moving away of the Italian village of Ollolai in the Barbagia region of Sardinia, and lots of homes stand empty. So Mayor Efisio Arbau hoped to rejuvenate the community by selling 200 vacant stone houses for $1.25 each. Do you think his scheme will work?

Buyers must have about $25,000 to restore their home within three years, and can only sell it after five years, but even so, the village has been overwhelmed with interest. It's reached such a peak that the number of requests submitted has potentially exhausted the number of available properties. The offer ends February 7, so act now.

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