Buck the system: In Italy, old towns eager for new blood sell homes for about $1

LA Times

The town of Palmoli, Italy, where Orange County residents Heather and Steve Giammichele have bought a home for less than $12,000.(Heather Giammichele)

MILAN, Italy — The first time Heather and Steve Giammichele of Southern California decided to take a road trip through Steve’s ancestral homeland of Italy, their car broke down about three hours outside of Pisa. At least 30 townspeople stopped to make sure the couple were OK, and one ended up canceling his plans for the day to drive them all the way to the Pisa airport to make sure they got a new rental.

The Giammicheles, from Orange County, were so struck by the hospitality that almost as soon as their 2019 trip ended, Heather began researching how they could move to Italy one day. A few months later, they enlisted an Italian company to help them start looking seriously at buying one of the country’s famously low-priced homes, including some on the market with the symbolic price of one euro — about $1.16.

Publish : 2021-10-28 13:21:00

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