5 ms·

Here you go: https://casea1euro.it/case-a-1-euro-in-sardegna-a-15-minuti-dal-mare-ecco-come-fare-per-averle/ https://casea1euro.it/case-a-1-euro-in-sardegna-a-1

by kfk 7y ago

Here you go: https://casea1euro.it/case-a-1-euro-in-sardegna-a-15-minuti-dal-mare-ecco-come-fare-per-averle/ https://casea1euro.it/case-a-1-euro-in-sardegna-a-15-minuti-... You buy the house for 1 euro but then you have to fix it. So I guess you have to invest few thousands.

marcinzm 7y ago
I don’t know about Italy but in the US fixing up an old house in bad condition can be extremely expensive and time consuming. Cheaper to buy empty land and build a new one.
- dsfyu404ed 7y ago
  A significant portion of homeowners do a significant portion of the work themselves. I wouldn't say it's expected that you'll DIY everything but someone buying a house that needs substantial work without the intention of doing at least some of it themselves would certainly raise eyebrows.
  - marcinzm 7y ago
    Which is why I said time consuming. Since time is finite you also can't simply discount it versus spending money and consider it a net savings.
    - dsfyu404ed 7y ago
      It's a massive net savings for most people because the opportunity cost of free time is very low. Very few people are forgoing income by spending their free time on home improvement versus other things. You're making the same error about opportunity cost as the classic "it's not worth Bill Gates' time to pick up a $100 bill" fallacy.
      - Mountain_Skies 7y ago
        Plus if you're a knowledge worker it can help to engage in physical activities and even mental ones that exercise your mind in different ways than your job does. Seymour Cray famously used dig under his backyard when he was stuck on design problems for his supercomputers. He claimed elves from the nearby forest (the destination of the tunnel he was digging) came into his study and solved his problems while he was out digging the tunnel. He considered the digging to be an essential part of his design process.
- icebraining 7y ago
  The news article talks about an estimation of €20k to renovate them. They're likely not very large, though.

by kfk 7y ago

marcinzm 7y ago

I don’t know about Italy but in the US fixing up an old house in bad condition can be extremely expensive and time consuming. Cheaper to buy empty land and build a new one.

dsfyu404ed 7y ago
A significant portion of homeowners do a significant portion of the work themselves. I wouldn't say it's expected that you'll DIY everything but someone buying a house that needs substantial work without the intention of doing at least some of it themselves would certainly raise eyebrows.
- marcinzm 7y ago
  Which is why I said time consuming. Since time is finite you also can't simply discount it versus spending money and consider it a net savings.
  - dsfyu404ed 7y ago
    It's a massive net savings for most people because the opportunity cost of free time is very low. Very few people are forgoing income by spending their free time on home improvement versus other things. You're making the same error about opportunity cost as the classic "it's not worth Bill Gates' time to pick up a $100 bill" fallacy.
    - Mountain_Skies 7y ago
      Plus if you're a knowledge worker it can help to engage in physical activities and even mental ones that exercise your mind in different ways than your job does. Seymour Cray famously used dig under his backyard when he was stuck on design problems for his supercomputers. He claimed elves from the nearby forest (the destination of the tunnel he was digging) came into his study and solved his problems while he was out digging the tunnel. He considered the digging to be an essential part of his design process.
icebraining 7y ago
The news article talks about an estimation of €20k to renovate them. They're likely not very large, though.