THE OBENSON REPORT

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Italian Villas For Sale - Two Dollars Each!

Here's your chance to own a piece of one of the so-called most romantic places in the world, Italy - specifically a small Sicilian town called Salemi. And it'll only cost you 1 Euro, or about $2. Of course, there's a small catch; although, given the current state of the housing market here in the USA, it might not seem unnattractive!

Read on...

From Newsweek:



An earthquake devastated the Sicilian village of Salemi in 1968, killing 200 people and reducing thousands of buildings to rubble. Down the hill, a faceless modern city sprung up in the village's place, but the historical center has been a ghost town ever since. Except for a few dozen habitable villas, the ruins are frozen in time: tattered curtains hang on broken windows and rusty table legs protrude from heaps of rubble.

Now Salemi is taking an unusual step to reincarnate the old town: it is giving the dilapidated villas away. The city's new celebrity mayor, Vittorio Sgarbi, a former national deputy culture minister and an avid art critic and colorful television personality, is offering 3,000 of the villas for the bargain-basement price of €1 a piece. The catch? The new owners have two years to renovate, staying true to each building's original characteristics and, when possible, using the area's local artisans, masons and builders.

The rest of the story here: 2 BUCKS VILLA

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