The Dark Truth of Why Italy Is Giving Away Free Houses
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- čas přidán 20. 05. 2024
- La Dolce Vita.
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00:00 - Intro
00:49 - Part 1: The Empty Houses Epidemic
02:15 - Part 2: The Hidden Crisis
05:00 - Ad Masterworks
06:27 - Part 3: Running Out of People
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Guys Im gaming I will the sex
I'm new to crypto trading, any financial guide
Yeah, we all know they're 'almost' as bad as that fake titles scheme. You've pretty much lost most of the respect you had here...
THE DARK TRUTH🤔The forgotten AFRICA MOOR'S RULER of Italy and Europe but Italy or Europe School's and Colleges WILL NEVER EVER Teach THE WORLD That🤯
Scam
A major factor is the fact that you basically can't hire anyone in Italy. The insane regulations require a license for everything, even IT positions. Instead of pandering to older populations (for the votes, or cash, if they're domestic or foreign, respectively) Italy should maybe, just maybe, give a tiny bit of a chance to the young. Demographic crisis is a consequence of not letting the young people to work or do business of any kind.
L’Italia ha uno dei complessi di tipi di contratti al mondo, c’è ne sono quasi 30. Banalità.
This is true of any major western country - people tend to vote in their self-interest and the older the population the more the suck the life and resources out of the young which sprials into national suicide.
😢⚖️🙏
In my opinion they should detax all those professions that earn little such as waiters, cashiers, etc. This would give entrepreneurs an incentive to hire more people
@@laura.r.1693 income tax affects the employee, not the employer. Yes, it has to be processed by the employer, but zero tax rates simply means that no money is separated out to government. The paperwork still has to be filled to show who is earning what and where.
After 30 years living in Italy and 30 years trying to help people find work, I can confirm the message of this video. There is also the problem of excessive tax and nightmarish bureaucracy.
You describe a communist country- constantly punishing any capitalist freedom and capitalist economy enterprises. Are you sure you are not under Marxist agenda?
Try living in the Uk where you can’t see a GP And taxes are super high
@@drk7031
Well, the UK is even more communist, and you don't even know why?
After 3 years of living in Italy I gave up .
People there have issues with freedom and values, so they become alcoholic and they drive cars completely drunk .
Yes, they can't live with themselves, because they feel inferior.
French people have values, dignity etc
Italians don't have dignity.
They put their noses into other people bedrooms.
That's not possible in civilized countries like Germany or France.
Yet Italian care if you sleep with men or women.
Nobody really wants to live in a fascist country with troubled future...
@@drk7031 Well said,No one held to account over the GP issue,Had to pay out money for private health care treatment.
Just for your info:
0:04 Dolomites
0:06 Cinque Terre
0:15 Rome, Colosseum
0:21 Rome, Ponte S. Angelo, Vatican
0:25 Milan, Duomo
0:28 Alberobello
0:34 Firenze
0:54 somewhere in Tuscany
0:58 San Gimignano
1:13 Chianti
1:17 Amalfi
1:25 Palermo
1:35 somewhere Liguria (?)
1:41 ??
1:55 Capo Miseno, monte di Procida
1:59 Cinque Terre
2:09 Val D'Orcia, Tuscany
2:19 San Gimignano, Tuscany
2:24 Bergamo
2:28 Bergamo
2:30 Milan
2:38 Milan, Galleria VIttorio Emanuele
3:33 Milan, Unicredit Tower and Vertical Forest
3:41 Rome, Colosseum
3:46 Rome, Vittoriano
3:53 Amalfi
3:58 Palermo Via Maqueda
4:07 Perugia
4:10 Portofino
4:24 Milano
4:32 Rome, Vittoriano
4:49 Vatican S. Peter
6:27 Verona
6:48 Ferrara
6:54 Firenze
7:41 ??
7:45-55 Venice
8:15 ??
8:21 Cinque Terre, Vernazza
8:26 Cinque Terre
8:42 ??
9:14 Cortona
9:22 Venice
9:28 Milan, Naviglio grande
9:36 Val D'Orcia, Tuscany
10:02 ??
10:09 Milan
10:20 Rome
(Hints for unknown are welcome!)
I don't understand?
@@lisafiore7081the scenery
@Lisafiore - he is identifying the places shown in the accompanying photos. Why not? He obviously knows and loves Italy and is trying to spread the love.
Thanks! ❤
@@philiptownsend4026NO STOP THIS PROPAGANDA
Yup, you’ve got this just right, I left Italy in 1996 for the well known reason that at 23 you were already too old for job Announcements requiring: ‘max 22 anni, nella presenza, multilingue, laurea e esperienza’. 😮 All my Italian colleagues at work have experienced good professional growth in the U.K., something impossible in our country where nepotism and personal recommendations reign, giving opportunities to family and friends who might not always be the most qualified people for the job. Also, I remember being at Uni and studying economics, and by the end of the course I suddenly understood why the system would never work: because it’s literally designed to crush workers and students and suck all their earnings and time in endless bureaucracy and taxes on everything possible. I will always love and miss my country, but I can never return. Except for holidays. ❤
This sounds like Norway 🤥
sorry to hear that! @@aina2165
@@aina2165 Jøss! Not true at all!
@@Gullvivas her jeg bor på Østlandet stemmer dette 100%.
@@aina2165 It is a huge different between big citys and the country cite and small villages! Not all of Norway are the same! If you have education,you can easily get a good job here.
as an italian 19 yo guy i have to thank you for this video; most of us don't realize how bad our economy is.
You are not italian, you are just a russian bot spreading misinformation
Certo: quarta potenza industriale al mondo, secondo esportatore europeo, secondo plusvalore, terzo paese più sicuro d’Europa, sistema bancario con più liquidirà, debito più sicuro d’Europa, pieno impiego in città come a Bologna e mancanza di mano d’opera in molti settori...
Italy is amazing wdym
@@gregcarbonimaestri These is true mostly for the North/central Italian areas, regions... The unsolved South problems will keep Italy national economy stagnant for ever, unless tackled in some productive way
@@gregcarbonimaestri It doesn't really matter how good the north is.
The pension system will soon become unsustainable, and the longer the italian voters refuse to acknowledge this, the worst our future will be.
All the Political Parties are too scared to loose the majority of their voters, and in the meantime the national Healthcare, the education system and other important services are being sacrificed on the altar of the rich and old.
Here's another issue: I was a young Italian who left Italy due to a lack of opportunity. After a successful number of years abroad I decided to return (missed my family, friends and Italian culture) but Italy doesn't make it easy, either, for those wanting to make it back after spending time abroad. It's just all a out quick fixes without thinking or planning with long term solutions in mind (like these free houses which are designed to create revenue for local politicians many of whom don't give a damn about the average struggling Italian). I for one resent this free house giveaway exactly because I know the dark truth behind it all. Anyway, in the end I had no alternative other than to leave again. It's a completely and utterly ridiculous situation.
I’m sorry to hear that you have to leave again. You have to do what is best for you but Can you establish a kind of business that may give you an opportunity of income? Best wishes for your future
@@caty9508 Starting a business in Italy? I don't even know where to start to explain how crazy that is!
@@caty9508 I closed two businesses and had to leave the country after breaking even for years (in the best years). I tried for 11 years. The solution would be to have everyone brave enough to free the country to be an US colony and quit European Union.
Which country or countries did you move to ?
@@hasanrahman9366 I originally moved to the USA.
There's a forum where house owners all shared the cost for a builders licence. Tey also now offer a service where You can get your works signed off for a small cost under this licence. The guy is Italian but has a wife from Australia and was sick of all the madness trying to get his house renovated.
hi, do you have a name? of forum or those people?
ngl that's pretty smart. Portugal could use with the same, we have lack of homes and the builder's licenses are crazy expensive....
This is spot on. As a Brit living here for over 20 years I continue to struggle to find decent employment. With my education and work experience I was always employed in the UK. If you buy a home or car then your bombarded with no end of taxes. Just try and sort out any form of documentation here and you will lose your mind. Quite honestly I would leave tomorrow but my other half is still attached to this place. History, culture, food etc. is all great, but without economic growth, investment and opportunities it is tough here.
If you think that the documentation and bureaucracy is bad in Italy try one of the former eastern block countries that are now in the EU. Talk about boggling the mind. Or maybe they just learned from Italy and upped the ante. Three people doing the job of one person but only knowing their third, all drivers going to pay their car tax on the same few days of the year, office staff rude an unhelpful and passing the buck back and forth as they stamp your forms (blue ink is a must) and then pretending they haven't a clue what you are talking about. Shop staff looking stunned when you kindly thank them and ask them how they are as they are so used to rude people and then meeting the people out in the villages who are kind, generous to a fault and so helpful. Being a bureaucrat seems to singe brain cells and change the DNA. Being a politician means a whole different type of human, perhaps they should be named 'humanus unknownus.'
People of Europe are to be blamed. Your support for the systems of men has landed the world in this mess. If Europe didn’t colonise the world we will all be safe but no one is safe anymore
@@beccabbea2511 a human can become a bureaucrat but a bureaucrat cannot become a human
Absolutely, it’s history, cultures, foods keeping me going back to Italy for so many times. By the ways, I am from South East Asia.
Ditch the dead weight and live your life to the fullest. If you're putting out more (love, energy, money, etc.) than you get in return, it's a bad investment. Never compromise yourself to please others indulgences.
Good luck and safe travels!
An Italian friend told me it took 17 licences to open a shop. The short cuts needed to do anything involve paying bribes
It depends where you live. In Northern Italy there is no bribe that can shortcut the number of permissions and licences you need. And I am not saying that bribes do not exist in the North, but that sometimes it can be even worst
All latin group countries are like this - ancient bureaucracy
Yes. I talked to a business man in Florence. He had multiple businesses and had to wait 18 months to open his gelato shop.
I understand your concern regarding excessive bureaucracy and corruption in Italy. These issues can create barriers to economic growth and hinder entrepreneurship. It is true that Italy has faced challenges in streamlining its administrative processes and combating corruption.
yeah i was in sicily this summer.. in my moms village , some of the houses look like they have been hit with an atomic bomb, cause it's hard to get the license to build my aunt told me. it looks a little ghetto... but its a cute fishing village and that's why so many of the houses look like that.
Nepotism : check.
Not-my-job's-worth attitude.
Little to no planning.
"Somebody else will take care of it" approach.
Ostentation first, effort later.
Fear of initiative lest lose your job : check.
Love of fancy titles and social standing over hard-earned dignity.
Too much time discussing cuisine and football : insanely true.
Embezzling : sad but true, at all levels.
One Calabrese, One Sicilian, or One Neapolitan is fine to work with. Another joins you and the two of them will surely set up some kind of scheme.
Trust me. I know. I live here.
❤ and respect from Reggio di Calabria.
Ostentation first, effort later.... LOVE it.
came back to visit this page, just to read this comment again
lol, American Calabrese, and know Sicilian, and can already imagine this to be true. God bless
you can just say Japan every time that you say Italy and this video still makes total sense. Impressive how similar the situation are in these 2 countries. I've been living in Japan for more than 10 years and I was thinking to move out to Italy... Genius!
The problem is the work culture. In Japan, it's a very paternalistic society and they don't seem to be able to move on to more modern ways and management modes. Nepotism is also a problem. This system pretty much guarantees that you may not have the best and brightest candidates hired and with no growth happening , the management will likely stay in that position forever with little opportunity for young people to move up.
I will say, that was the smoothest transition into a sponsor I have ever seen. Everyone needs to do this because I actually watched the entire sponsorship section.
I was like 'what did just happened?😳'
As a property owner in Italy, I know firsthand what a ripoff some properties there can be! Best to buy something that is "habitable" without major renovations/fixes because the cost of doing them is ridiculously high! You need a permit for everything which is crazy expensive, a geometra or architect (good luck finding one who doesn't require a 10.000euro "feasibility study" just for starters), and (some) contractors will take your money and run, knowing that outsiders really aren't likely to sue. Italians themselves don't pay a lot for properties, but boy, they know how to take advantage of foreigners!
True. The problem with 1-dollar homes is that they are located in depressed areas, and the cost of renovation is not 20-30 grand. In actuality it balloons out of control real fast to a point where the home turns into a very crappy deal.
@@centurione6489 Unless the person buying the property is a skilled handyman and can repair everything from ceiling to floor and everything in between.
@@marasegal1849 you still need permits
Non paghiamo molto per le proprieta??? Ma se sempre più persone non possono permettersi una casa???
Seems no different than anywhere else. The whole western culture is collapsing because “elites” are doing their best to make it collapse. Better off watching it burn from I beautiful location.
I am Italian, and that is all true. But another factor is that culturally Italians like to live in cities, not villages or the countryside. So while house prices are very high in cities (for Italians, but even for foreigners they are not that cheap) in villages not that far away they can be 1/6 of the price. Such extreme differences do not exist in for example the UK (where houses in nice villages can be very pricey, as people prefer to live in the countryside).
So true!
Yes, I learned that too, which is why I'm looking in "rural" areas for another property. Very cheap up north, but seems to be reasonable drive to Milan and other major cities. Americans like me are used to driving some distance on a daily basis. However, it's nice to have public transport in cities.
So do you think its work buying one of these cheep properties in the countryside if you are a foreigner and not relying on an income?
@@claremartini6267 it depends what you mean by is it worth it. You love Italy, love the countryside, and want to live in a small Italian village? Yes. If you mean as some kind of investment, of course not. Regardless of what renovation you do, you probably won't even recoup that money, and it may take years to sell... Italian housing (outside of Milan and a few cities) is in a structural crisis (bad demographics, economic crisis, etc) and doesn't even really keep up with inflation.
@@claremartini6267 it could work just about anywhere if you had money to live on but the problem that I'm having with Italy is the Visa for self employed. They only give out a limited number and they go in about an hour every year. So you could buy a cheap property but never be able to live in a long-term!
I live in Italy and Canada. And I gotta say that sadly Canada has recently been collapsing really fast.
Living in Canada is becoming practically unaffordable by most (younger) Canadians. No future.
If this keeps going, I’d pick Italy over Canada in a heartbeat !
Also keep in mind that Italians are famous complainers by nature, even when they have it good.
I’m Hungarian and I live in Canada the last 23 years . Yes Canada is changed big time . I love Italy im thinking to move there .
I moved to Italy from Canada in January. At least Italians have clear values and culture. Canada has lost its way to wokism and weak leadership and increasing censorship. I will never go back.
I can not understand what about all those moslems coming on boats and rafts? Why they re not put to work on low paying jobs and live in those abandoned houses?
@@arianegabrielle ya, much less p.a #k is
The collapse is occurring all over the world
I don't think they want people who don't understand any of this. They want people that will ultimately stay and correct the problem. My wife and I are Americans who bought a home in Italy in 2022. We both work online and that's why these deals made perfect sense for us. We did not get a 1 Euro home however, but decided to spend a little money on a much nicer home in the country. We lose literally no standard of living from America - in fact it actually improves because the cost of living is way lower. I believe with the change in mindset from Covid, people are deciding what really matters to them, and I believe this will have a positive effect on Italy's population crisis, that so many other countries also share.
Nice! Planning to do the same. Can you share some more insights about your experience?
is your income taxed in the US or in Italy?
Your lack of depending on getting a local job in the Italian economy changes EVERYTHING for you given the context of the video/conversation here.
You can run but you can’t hide. But you enjoy yourselves,I would 🩷
Italy is not alone, Portugal, Greece, Spain and many other countries face gentrification. Italy is a beautiful country with a fantastic history, Italians are really nice people and food is great, but unfortunately the country is ruled by corrupt politicians and the Mafia. Bureaucracy is hell and cost of living is high. Italy is definitely a good country for tourists and for the wealthy, but not for entrepreneurs and the young who want to prosper.
instead in your country the politicians are honest, and that they are not in the pay of the corporations, if you think that the mafia governs Italy you don't know him and you are talking just to say. they are much stronger powers that condition Italy
The difference is that in Portugal they often ask more than 100000€ for very old, decaying houses. As a consequence nobody buys them and they rot in plain sight. It's the ugliest most depressing thing to see multiple ruins and rotting houses every street you go on.
@@deliciouscolours I know exactly what you mean, in 2012 I bought a golf villa in Vilamoura and sold it in 2019. I've seen prices sky rocketing since then. The Portuguese real estate bubble will burst one day and all prices will come down, wait and see.
@@marcosmenescal2962 Remote workers and the Instagram crowd are far from done with Portugal. I wouldn't expect prices to come down there any time soon.
@@rexx9496 immigrants are coming from Africa and Middle East to fill the vacuum
They do these to keep receiving property taxes. Its an easy way to get fresh money for the government and also a way to avoid the closing of mayor's office in most of these towns.
Some US small communities are offering similar deals; eventually they want long-term taxpayers.
In Italy, the US, and many other countries of early industrialization, the effects of globalization over the past 30 years or so have been skewed in favor of certain regions and economic sectors, while others have stagnated, declined, or rotted.
There is no mystery why the Italian economy has stagnated over the past 30 years, the reason were crystal clear in the early 1990s. Since then, every year a journalist, a professor, a government study writer have been publishing the same article or study detailing the same reasons over and over and over and 30 times over again.
not just that! Without such schemes many more houses would turn into ruins. The 1 euro houses schemes often require 20,000 investment, which keep the house liveable for another 10-20 years.
Property taxes? In scicily if you live in your home no tax
True, this post forgot to mention that the houses don’t get taxed as if they were bought for 1 euro.
@@latinhellas6383 the Italian crisis began with the euro
Been away for 30 years now, lived there for 20. Miss Italy on every level. This video saddens me, i wonder if I ll ever find the courage to go back 😢
It's understandable that watching a video or hearing about the challenges in Italy can evoke feelings of sadness and nostalgia, especially if you have a deep connection and fond memories of the country. It's natural to miss a place that holds significance in your life.
Returning to a place you once called home can be a complex decision influenced by various factors. It's important to consider both the positive aspects of Italy that you miss and the challenges that you may encounter if you decide to go back. Reflecting on your personal circumstances, goals, and priorities can help guide your decision-making process.
However, it's worth noting that countries, including Italy, are constantly evolving, and change can occur over time. While there may be ongoing challenges, there are also opportunities for positive developments and progress.
If you have concerns about returning, it might be helpful to explore potential solutions or alternatives to address the specific challenges you anticipate. Researching current conditions, speaking with people who have recently lived or returned to Italy, and seeking professional advice or support can provide valuable insights and guidance.
Ultimately, the decision to return to Italy or any other place is deeply personal and depends on various factors unique to your situation. Only you can determine what is best for you. Take your time, explore your feelings, and consider all aspects before making a decision.
Likewise!
i live in Italu 4 years now and I can pretty much agree with everything.. as young professional you can expect to make a career unless you really learn italian and make great contacts no matter how prepare you are professionally
I was born in Italy, I haven’t been back since I was 17 and I’m 60 years old. When I left at 17 years old I said one thing back then, it was only good place to live if you are wealthy enough to afford it. Looks like nothing has changed in my life time.
Wow, that's insane,
That’s exactly what my mom says! She left Sicily when she was 18 and is now 72 and still loving life here in America.
40 years ago the economy was okay
@@lucasansonisergiampietri5002 Italy's downfall has been the euro
Sorry to hear that about Italy.
My wife and I traveled to Italy for our 30th anniversary back in 2016 and was surprised how inexpensive it was then, even just 7 years ago. I was expecting similar costs that I've encountered in many trips to Germany, England, Spain, France and Sweden, but this was not the case. I was pleasantly surprised at how much further my money went for amazing food, nice hotels and other fun stuff we did while there. We are planning to go back in three more years for our 40th. We both really loved the Italian people and culture and especially the beautiful countryside villages. We never ran across any rude people like you can when visiting France for example (although mostly just in big cities). The food in Italy is amazing as well. They claim France has the best food, but I beg to differ. I'm sad for the young Italians, they were so friendly to us while there. We could stop any young person and ask for directions, etc. and they were so nice and friendly. I hope things can pick up for them.
Many Americans who have the privilege to travel to Europe, particularly the Southern countries, remark on how inexpensive it is. Well, that's because many people are making 1000 euro per month there. So naturally, the foreign experience is much better than the local experience. It doesn't matter where you live, how much you earn relative to what you can afford makes the ultimate difference.
The cost totally depends on which part of the country you went to and which parts of the other countries you are comparing to?
@@rickfernandes5331as a Spanish here, exactly. Just exactly. Earning 1000€ per month here is a huge privilege
Yeah, and you didn't go to Rome where 30 years ago a taxi from the airport to hotel was $100.
finally another one finding out on their own, proud of you!😊
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
Hello, I’m 37 and I am not worth much yet , please help me out. Bought my first house last month and I can't seem to make any other smart investment.
wanted to trade, but I got discouraged with the market price fluctuations
Can you recommend a guide for me?
Haven't you heard of Expert Chrissy Barymoer ?He gives excellent guide on the right stock with high dividend
Unfortunately, this video confirms my findings. We moved to the region around Bergamo in September 2014, a fantastic region with mountains, lakes (Como, Iseo, Garda) and ... a good flight connection with the rest of Europe. That was important to me because I run a consultancy company in Belgium. Because we did not want to run any risk with rogue construction contractors (which we have had to deal with in Belgium), we decided to buy a new house. However, years later it turned out that the papers were not in order at all, despite the intervention of a notary, and that we would never be able to sell our house in these circumstances. Apparently the construction company had 'good ties' with the notary as well as with the mayor of our municipality. You hear all that afterwards. Although we were not/are not planning to sell the house in the short term, we still wanted to put this in order. However, you cannot imagine what procedure we have to follow for this. After almost 5 years, things are still not in order... and that is largely because our lawyer apparently cannot be trusted either. Luckily I don't have to work here. But every time I fly back after a 2 or 3 day stay in Belgium, I feel very privileged to be able to live in such a beautiful country.
I'm sorry to hear about your personal experience with the difficulties you have faced in the process of buying and legalizing your house in Italy. Unfortunately, instances of corruption and bureaucratic challenges can create significant obstacles for individuals and businesses alike.
Instances where construction companies or individuals may have inappropriate connections with notaries or local officials can lead to complications and legal issues. These situations can be frustrating and time-consuming to resolve, often requiring the intervention of lawyers or legal experts.
It is regrettable that even after almost five years, the situation has not been fully resolved for you. It is essential to find trustworthy professionals who can provide the necessary legal assistance and guidance to rectify the situation properly.
However, it is heartening to hear that despite these challenges, you appreciate the natural beauty and privileges of living in Italy. The country's landscapes, culture, and lifestyle are undoubtedly captivating, and it's understandable that they hold such a strong appeal.
While instances like the one you have described can paint a negative picture, it's important to remember that this is not representative of every experience in the country. There are efforts being made to combat corruption and streamline bureaucratic processes, and many individuals and businesses successfully navigate these challenges to thrive in Italy.
I hope that with the right assistance and perseverance, you can ultimately resolve the issues you are facing and fully enjoy the benefits of living in such a beautiful country.
It is this kind f thing that ruins an economy. Countries that prosper have reliable and honest bureaucrats and land management that works. Traveling through Italy I see how buildings are not kept up on the exterior because of insane city rules about repair and painting. Also there are a lot of abandoned buildings and vacant buildings even in large cities.
I have a brilliant idea. Thee are thousands of young people who are digital nomads. Japan is also having a housing issue with abandoned crumbling properties. Someone needs to put together a timeshare like scheme to fix up these properties ans sell time/work share living spaces to a network of digital nomads to offer not only living spaces but also Eco and community service activities that offer energetic young people a chance at travel, work, and the opportunity to give back to the world at the same time. Or something like that.
Overall, the idea of repurposing abandoned properties and creating opportunities for digital nomads to live, work, and contribute to communities is worth exploring further given the potential benefits it offers to both individuals and local areas.
That's indeed a fascinating idea! Creating a timeshare-like scheme to renovate and offer abandoned properties as living spaces to digital nomads could potentially be a win-win situation. It would not only address the housing issue and revitalization of abandoned properties in Italy and Japan but also provide an opportunity for digital nomads to have a unique living experience while contributing to the community through eco and community service activities. This model could offer a sense of belonging, foster connections among digital nomads, and promote sustainable living practices. Implementing such a scheme would require careful planning, collaboration with local communities, and considering legal and logistical aspects. Nonetheless, it's an innovative concept that could have significant potential for both the digital nomad community and the regions hosting these revitalized properties.
It is a very interesting idea, and after having lived here in Tuscany as an entrepreneur since 2015, I would say your first and primary challenge will be to simply learn your way around Italian bureaucracy, no matter where you decide to launch the business, be it in Tuscany, Veneto, Roma, Alto Adige etc etc. You're going to have to learn the local business laws, all the licenses, permits and notarized documentation you will need to set it up. If you are not familiar with this, then find an Italian business partner you can trust who already knows the deal, first and foremost. I have to admit it's a very intriguing idea, but I'm about to sell my property in Tuscany and am moving to Spain or Portugal.
ideas are one dime per dozen. ill venmo you.
Digital nomads need reliable high-speed internet. I'm guessing these little villages don't have fiber-optic cable running to them. Not sure about satellite, you need a place and permission to mount the dish.
As a Japanese myself, everything explained in this video sounds familiar except high unemployment rate. Economy growth and average income have been stagnated since early 90s in Japan. There are so many vacant homes in rural areas due to low birth rate and declining population. Nobody wants such home even it’s free cos home owners have to keep paying property tax though house itself has no value. Local governments refuse donations of such homes because property tax is important source of their income. It’s sad to see abandoned homes everywhere in countryside.
Japan has indeed been facing economic challenges since the early 1990s, marked by a prolonged period of low growth and deflation. These factors, coupled with an aging population and low birth rate, have contributed to the vacant homes issue you described. The declining population in rural areas and the concentration of economic opportunities in urban centers can exacerbate this problem further.
"...some conditions..." truth is, you have to be very well off to do this - because of "some" conditions. Most of these properties are in near condenmed shape. Lots of them are abandoned because the previous owner could not afford to hire the skills to re-model - and - like in several other European countries, there are very strict laws regarding the manner and style required to do the remodel. Re-building a stone hut to the original appearance and design is a very narrow skill field. We aren't talking about some small house built in 1975. More like 1775,. some even earlier. Many were last "remodeled" 100 years ago, and are worse than the original structure. No water, no heat, maybe a single electrical circuit, run bare, and a stone roof that leaks like a collander. Or, no roof at all, with the stone slab shingles long ago tkaen and used by another house two miles down the mountain. Like the Colisseum in Rome: only half of it is still there. The rest was salvaged and used by the various Renaissance merchant families to build their palaces.
Not all of them are that bad, but shop carefully, and do your research. What seems like a dream can become a nightmare in Italy - not just because of the work, but how it gets done and who actually does it. You are strictly ilimited in what you can do as the owner. Even though you might have diligently researched the building, and fully intend to make it a Still Life Renaissance painting, Italy has unions and regulations that will shut you down if you take their jobs. Italy wants the finished product for their heritage. That's fine. But they also have a deeply embedded - and corrupt - regulatory system that keeps you out of any cost savings. For instance: if the interior was covered in plaster 250 years ago, theywill insist thatthe plaster be of the identical composition as th eoriginal. Next, the tradesmen that are paid by you to do the job, will mix whatever plaster they want - then check off on the "original" recipe. Corrupt. And you paid for it, and you waited 3 months for the job to get started. It goes on, and you better be well off enough to have a fall back domicile while the project drags. How do I know? I have an Austrian cousin who did this. It was hell, buit he got the job well enough along to sell off to another person who finished it. That person was quite wealthy.
Oh boy. This is great information. Thanks for posting!!
It seems like you're discussing the challenges and conditions associated with purchasing and renovating old properties, particularly in Italy. You highlight that many of these properties are in a state of decay and require significant investments for restoration. Additionally, you mention the strict laws and regulations surrounding remodeling, which can make the process more complex. These properties often have historical significance, dating back several centuries, and require expertise in specific restoration techniques. It's true that restoring such properties can be quite costly and may require a substantial financial commitment. This reality might contribute to the difficulties and limitations faced by potential buyers.
@@PoisonelleMisty4311 Why did you have to summarize another post? Sheesh...
Living with parents has been presented as a negative feature of the society, but with an ageing population, it's nothing but a a great social assistance. Looking down upon close knit families living together is an American social disease. The problem is lack of opportunities for youngsters, and not their strong family culture.
I don't know why people say we have such a strong family culture, it's just normal level of family bonding in reality, we live with them because we are poor that's it
@@gaia7240 I wouldn’t be so quick to dismiss familial living. People who do so tend to be much happier. Also, it’s much better than being lonely.
Being forced to live with (and eventually care for) elderly relatives greatly enhances the risk of elderly neglect and elderly abuse.
It's great when people *choose* to care for their old parents, but when it's a burden they never wanted on top of trying to run their own job and their own life it can lead to a lot of stress and frustration.
@@sd-ch2cq I guess, if you’re an ungrateful ingrate n
In Rome, I was once for a holiday, and the respect for a grandfather, by his son, who ran the shop, was super.
I went to the cash register of the son twice and he nodded me to the cash register of his father twice.
The US is in a similar situation. Many are flocking to the big cities that are becoming unaffordable while the small towns and rural area's are struggling economically and are becoming deserted
I don’t know how true this is but if US cities are becoming more unaffordable, it would make sense to go out in the rural areas
those struggling towns must be pretty remote; anything near a highway is still expensive in the places I've been
@@Jobotubular Come to the Midwest
Right, because the rural areas have no good paying jobs, but the landlords still want your blood just like in the city. Might as well move close and save on gas money than have a 150 mile round trip commute like one of my work buddies has.
name one place in the US thats deserted. we have millions of baby machine immigrants flooding in here every year.
hope Italy can bounce back from this!
Fraud sponsor beware
hopefully this comment is not deleted
Masterworks is shady af
@@jeez5735 I didn’t know that. Thanks for letting us know.
🙏🤔😢
People selling you part of something you can't even touch nor utilize? Fraud? No waaaay
I've lived in France for 12 years and basically everything you said about Italy, it's the same in France. Very sad situation.
I've known ppl who lived in France, similar but much worse in Italy. A friend of mine had the EXACT same job in France and Italy and here he earns 1100 euros while in France he was making 1800. Higher rent here as well. Ofc life is more expensive in France but not expensive enough to make it even actually.
@@federicoferrari8279these countries arent cheap. How does someone live off of 1800 a month? Or is that a week? In the usa 1800 a month is extrmemly poor. Even 1800 a week isnt much
@@Dan16673 oh nah talking about monthly revenues. The difference w the us is that most of the taxes actually provide services such as healthcare and so on so like it feels more balanced than it is. Having said so yeah, average wage where I live is 1300€, 2 room apartment in my city costs around 800€ expenses excluded (outside of the city it's cheaper). The difference between Italy n Europe is also the massive problems caused by corruption. We don't have minimum salaries here, to get yo retirement u need to be 62 years old w 41 years of taxed work, population is aging so there's more retired ppl then young working ppl (this creates an uneven situation for public money) and owning a business is basically impossible (if I pay my employer 1300€ a month it's gonna cost me 2000€ or more cuz of taxes).
So yeah, that's why u have lots of Italians all over Europe once again. In France or Germany there's economical stability which allows young ppl to have hope, in Spain there's political stability, especially after new laws that help working class ppl, in Italy we have nothing left.
Keep in mind we're not 3rd world, of course it's gonna be worse in some countries, but we're surely not at the level our economy is thought to be.
Sure, positive change takes time and involves efforts from different parts of society. It's good to see more people in countries like Italy and France wanting transparency and accountability from their leaders. Groups like civil society organizations and the media, along with concerned citizens, are important in making sure leaders are held responsible and work for the benefit of everyone. Their efforts help to fight corruption and create better, more responsive governments. This is a positive sign for democracy and shows people care about making their societies better.
@@Dan16673 US is still the land of opportunities then 😊
The thing is even if you find work in Italy as an employee, the salary isn't great, you work very long hours and you might have to deal with a lot of incompetent colleagues who have their job either because they are related to the boss or because they have slept with him. It sucks.
Thank you for creating and sharing this video. I had my suspicions regarding the one euro house scheme and you confirmed it but with more context and information. It’s infinitely sad that Italy has allowed itself to tumble and fall economically. You accurately pointed out the de facto reasons such as rampant nepotism, corruption and bureaucracy. As an Italian-Canadian with family living in Italy, it pains me to know of their struggles to eke out a living. 🇮🇹🇨🇦
The point is our country is hold hostage by the older generations. They control politics, labour, institutions… basically everything. Meanwhile most of people in their 20s and 30s struggle to find a work and a salary which could allow them to be indipendent. Our top 5% minds leave the county looking after higher salary and that has crushed our research and development sectors. Tourist are considered more important than our own students, so that’s the road most of (old) Italians have chosen… being a tourist country.
Pretty much all western countries are held hostage by the older generations; they suck the life out of the youth so that they might "enjoy" a few more years.
As an American, I know and understand that are being looked down upon right now, but we are starving for people to work. Our younger generation would rather be influencers than work, so we now have so many job opportunities for anyone who wants to work, basically in every field....
I don't hold a fucking anything dear friend. I'm 55, I lost my job 15 years ago and since then, I struggled to find a new one decently paid. So, we're on the same boat, and it's full of middle age people.
Italy and Spain both have this archaic system where seniority and tenure positions are the bread an dbutter if every institution. Completely archaic. The Netherlands has the wxact opposite where every idiot and his grandma can get a job and therefor the con men aren't separated from the high value talented individuals. A system like the US is the best I believe except without the crazy school fees.
This is the same in Canada and Japan. The older generation has sold out the next generation and we are all suffering.
Italy is so beautiful, I'm sad to hear that so many people there are struggling. It's weird how the grass is so much greener on the other side. When Americans visit Italy they fall in love with the place, all the history, food, architecture, beautiful scenery and laid back culture and wish they had this.
Every country has its problems, unfortunately.
So many? Way less then the USA, do a research.
You’re missing two key factors. 1. It is the top 10% of middle-class Americans that have the money to travel to Italy. Most of the American middle class doesn’t even have $500 to their name so a 3k vacation is out of question 2. Americans can enjoy beautiful Italy thanks to our American wages. Even consulting managers and bankers in Milan make 2-2.5k euro net monthly but rent near the office STARTS at 1500. Which means only the top earners and trust fund babies get to truly enjoy this beautiful place
@@francisdrake7060 Exactly. There is not one city in Italy or all of Europe that has homeless encampments
I went back to Italy to see we’re my parents came from, I was amazed at how beautiful the country was. I asked my dad why would you ever have left this paradise? He told me in his broken English “you can’t eat paradise “
The second image from the video is with a view over Cortina d'Ampezzo mountain village! I've been there and I was stunned!
Yes you are correct. Here in Ireland I had an occasion to speak to a young man from Hungary who was working at a menial job in a tire replacement garage and whe I enquired why he had left a country with such good historical infrastructure and insentifying foreigners to buy homes there, his answer was they have no time for their own youth who get no help whatsoever. 😢
It's disheartening to hear about the challenges faced by the young man from Hungary and the reasons behind his decision to leave his country. Issues like a lack of support for youth and limited opportunities can indeed lead individuals to seek better prospects elsewhere.
Every country faces its unique set of challenges, and ensuring support and opportunities for young people is crucial for their personal development and the overall well-being of society. It's important for governments to invest in education, vocational training programs, and initiatives that promote entrepreneurship and job creation, providing young people with the skills and resources they need to succeed.
Additionally, creating an environment that fosters innovation, attracts investment, and encourages the growth of industries can also generate employment opportunities for young people. Offering support services such as mentorship programs, access to financing, and networking opportunities can further enhance their chances of success.
It's important for policymakers and societies as a whole to recognize the value of investing in their youth. By providing the necessary support, nurturing talent, and creating an inclusive environment, countries can not only retain their younger generations but also benefit from their energy, ideas, and contributions to society.
Efforts can be made to improve the economic conditions, create jobs, and provide incentives for young talents to stay within their own country. This involves fostering entrepreneurship, investing in education and skills development, and supporting industries that can provide sustainable employment. Additionally, measures can be taken to streamline bureaucratic processes and reduce barriers to entry for professionals to encourage them to pursue their careers in their home country.
@@PoisonelleMisty4311 I am also from Hungary and believe me, most Hungarians think the same. The problem is, that they are not in positions of power to create the change in an increasingly illiberal system that spares no effort to cement its position and its biggest idea is to make friends with Russia and China.
Italy has an insane economic system. It's literally impossible to do something without a license. A license to be paid in advance. Everytime.
Side hustle is quite impossible in Italy. You are strictly locked in a massive scheme where you remain what you are in this moment.
Assuming you are employed in a company, if you want to start, or even try to start your hustle with a little e-commerce, or even an affiliate blog, you have to pay 12.000 euro JUST TO START, without even made a single sell.
Italy is killing the soul of entrepreneurs, those who made Italy great once, and could help the country to rise again...
Italians are very entrepreneur type. If what you say it true and it is now hard to work for yourself, it's probably killing their soul 😢
@ReCycle Spinning I can say that because I tried to create my hustle during my regular job. Two times.
Just a little bit of context: Italy has 3 type of "doors" to become entrepreneurs.
1) If revenue does not exceed 5000 euro, you can work under "occasional performance" system. It has a lot of restrictions on what you can and you can't do. Basically, it is made to who want to provide consultancy or to be a freelancer, because you have to pay attention to several things that you usually do not pay attention to (for example you cannot bill two times the same customer and you have a cap on how you can bill them). You can issue your bills with your own tax code.
2) The flat-rate scheme is a facility that allows you to pay less taxes than the amount of taxes that would be payable by opening a VAT account the ordinary regime. It is applied until you reach 65k in gross revenue.
3) Ordinary VAT account, the one I told above.
If you are employed and you open a VAT account, the salary you earn is automatically included into your potential revenue as entrepreneur, so you have to pay taxes on this, even if you do not make any sale.
First time, I told my plan to my tax advisor. Since it would've been an affiliate website, there were no control on potential revenue, so I had to open a regular fiscal position, option 3. I cannot open option 2 because I already have a salary.
So I turned to freelancer skills as copywriter. I work under option 1. One year I made a mistake and billed 6.000 euros instead of 5000. Some months later, the year after, I got a phone call by my tax advisor: "if you say you will not do anything in freelance revenue this year, you can handle it paying only 2500 euro in taxes. If you plan to do further, you will pay around 4500 eur. What you gonna do?"
This is why everyone is working irregularly
@Gaia I know that.
But I don't think that other countries don't have "irregular workers". But UK, for example, allow you to work without VAT position (only with your tax ID as citizen) until your revenue is under 100.000 £.
It means have the chance to plan, to start without the fear of break the law if your e-commerce make some sales more than planned...
Italy is made for employees. Italy hates entrepreneurs that would try to build some big projects. Italy loves freelancers, artisans and small familiar companies. Because it is believed they are easier to track and it will be easier to tax them.
You cannot include my employer's salary to the count of my e-commerce revenue.
This is insane... absolutely insane.
@@Hrovitnir yeah, the average Italian doesn't even know what you are talking about
Just got back from two weeks in Italy and was pleasantly surprised by how cheap the food and drinks were. My experience of traveling to Europe has shown that Italy is one of the cheapest countries to dine out. The number of tourists was overwhelming to me even in March, I couldn't even imagine what it would be like during peak season. While I'm glad tourism keeps and helps Italy economically, I also noticed a lot of Italians just don't appreciate tourists.
Maybe there are too many tourists who take advantage of the Italians and act like arrogant pricks?
Don't want to offend anybody but from a worker perspective italian tourist economy is shitty.
" I also noticed a lot of Italians just don't appreciate tourists." Exactly. Italians are full of themselves.
Possibly resentment, because there’s very little opportunity outside of tourism. Kind of depressing.
Most countries that are heavily dependent on tourism usually have many citizens who aren't fond of tourists 😂
I live in Japan and this reminds me ALOT of Japan.
Everyone says, "Wow, you can buy abandoned houses in Japan!"
yes, but...
Thank you for being upfront and honest about these dollar deal houses in Italy as an American, who has never traveled to Italy, but has been my life‘s dream to do so knowing the reality of what it really entails is very sobering for me and yet comforting that I am truly really not missing out on anything that spectacular. I had no idea that Italy was such an expensive place to live, I do not think you’re being negative pointing this out like the one comment. I think you are being very helpful to people in America that have this silly fantasy of this European life and then they get over there and buy these villas and château and it’s absolutely miserable for them. Thank you for exposing this. I think you did good work here, have a blessed day
Out of all the various factors mentioned, I think that the scariest one is population collapse due to low birthrates. It's scary for two reasons. Firstly, it takes a while for the effects to become obvious, but by the time they are, the trend is a couple of generations in and well-nigh irreversible. Secondly, it's a problem across a large number of countries worldwide and soon there just isn't going to be enough immigrants from other places to offset the effects of low birthrates. It won't just be a collapse for Japan or Italy, it will be a collapse for pretty much all of the developed countries.
In 30 years when I reach 65 most people will be my age or older, there will be few children, way less people in the workforce paying taxes and a lot of people who passed their whole lives without a chance to own a home, support a family and no chance to enjoy a decent retirement. A lot of people will be hopeless.
Things will require automation to keep civilization going or we shall see the global social order collapse as populations shrink worldwide. I fully expect the wealthier types freaking out as they watch the value of their wealth vanish as it has no use if they can't exchange it for anything.
If all the people of childbearing age move away, of course the birthrates are going to go down.
Ridiculous
@@maturedgangz369 you sound mental
I was in ROme Italy at new years eve. Most shops were closed the whole day already. Some were open. Not much economical activity. At 5 o clock in the afternoon I wanted to enter a shop to buy a bottle of wine, just to found out I couldn't get in because there was a government employee checking if the stores all did actually close at 5, the time set by the government. This is Italy in a nutshell.
They always close stores for like 3 hours in the middle of the day. It is like they don’t want to grow economically
@@Dezeberbro c@€??ate
In Asia stores open 24 hours.
@@ndorobei4391 Asia isn’t a country
Italy's government regulations don't seem to be sustainable. The super-cheap housing seems to be a symptom of that.
I've lived in Italy for the last 16 years. I'm British and my wife is an Italian doctor. We are now both into our 50's.
When I left the UK in 2008 I was earning £1000 a week, Net. In Italy my €1000 a month hasn't changed since 2008, and it's now 2023. The government and the unions are the ones who decide how much you are worth, and they don't think much of anyone under themselves.
2 degrees, multiple other qualifications and tons of experience and still no change, even when working for the family.
Recently, the business that I work for, put out a job opening for a 'junior'. No qualifications or experience needed !!! But the worst part was that they would pay €100 less than they were paying me !!!!!
No one, and I mean NO ONE, applied.
Italians are lazy, and quite a few are brainless. But not stupid enough to work for a living (if it can be called a living).
By the way, the €1 houses is all bullshit. It's an auction, starting at €1. Plus there are a multitude of bullshit clauses that have to be adhered to. It isn't worth it.
Nor is living in Italy, unless you have the means to live here without having to 'work'.
Would you recommend a visit for like a week or so?
You hit the nail right on the head.
Hello , i read all your comment , is there anyway i can contact you in private account u have ? Iam in canada currently planning to leave to italy
i agree on everything you said being myself an italian who decided to start again abroad. but many italians are also hard workers who work the shit out of their asses to long shifts and struggle to sustain their own families in this mess (i could talk about my parents). so i would say that "many" italians are lazy, but it's full of simple struggling people that make sacrifices too
Ce n'est pas vraiment exact car il y a une grande différence entre l'Italie du nord et l'Italie du sud avec la Mafia qui contrôle tout. Dans l'Italie du Nord, il y a des possibilité de gagner sa vie correctement et c'est un coin d'Europe le plus beau et le plus agréable à vivre, surtout dans les régions des lacs. J'ai visité (avec respect) cette région et même en dehors des zones touristiques, la jeunesse est joyeuse et très bien élevée donc très agréable et je n'ai vu aucun signe de pauvreté ni de sans abri, donc cette région n'a rien à voir avec ce reportage
I appreciate you taking a serious look at Italy's structural problems and the massive catch behind the free homes.
Agreed 👍
@@TheHoriginal Yep.
nahy...for a foreigner w own income is a good investment, depending the project of course, ... not for locals...it does not come out well from the video and of course with a purpose:
don t invest money in italy but into my sponsor...😅
Italy's situation has never been a mystery. It's government has been out of control with all kinds of ridiculous mandated laws on what you had to provide workers after passing 9 employees leading to 95% of Italian businesses having 9 or fewer employees and employers NOT wanting to grow.
there is another aspect. in rural mountainous regions (which means in many parts of Italy), traditional families had 2 houses: one in valley for the winter and one in the mountain for the summer, so when the village depopulates, it leaves two unoccupied houses.
You raise another interesting aspect related to rural mountainous regions in Italy. Historically, traditional families often owned two houses, one in the valley for winter and another in the mountains for summer. This was primarily done to adapt to the climatic variations in these regions.
However, as the populations of these mountain villages decline, it can result in the abandonment of one or both of these houses. This phenomenon has led to a significant number of unoccupied houses in these areas.
The presence of vacant houses can have negative consequences, both socially and economically. It can contribute to the depopulation of these villages and the loss of local communities and cultural traditions. Additionally, empty houses can deteriorate over time, potentially affecting the landscape and architectural heritage of these regions.
Tackling this issue requires creative solutions and initiatives to repurpose or revitalize these unoccupied houses. Some local communities or organizations have explored strategies such as promoting eco-tourism, encouraging the relocation of individuals or families to these areas, or transforming the vacant properties into cultural or artistic spaces.
Efforts to attract investments or provide incentives for individuals to buy and renovate these houses can also play a role in rejuvenating these rural mountainous regions.
Finding a balance between preserving the cultural and historical significance of these areas while also addressing the challenges of population decline and vacant houses is a complex task that requires collaborative efforts from various stakeholders - including government bodies, local communities, and potential investors or residents.
By revitalizing these rural areas, there is an opportunity to not only prevent the loss of cultural heritage but also create sustainable economic opportunities and preserve the unique charm and beauty of Italy's mountainous regions.
0:06 ... Riomaggiore would never pay anyone to move there. It is an iconic location. I understand you have put Riomaggiore in the video to attract more people to wonder how come such a beautiful town will pay people 30k to move there ... but it is misleading.
As an Italian I can confirm. Plus most of these houses are far from cities … so you need to go do groceries etc and all becomes a pain. - maybe now with remote work it can get better BUT most of the mind set has to change.
I'm glad you mentioned nepotism... If you're related to the manager of a business in Italy, you could be a 26yo high-school dropout and still get the job ahead of the other applicant with the Masters degree and 15-years experience, all because the other guy isn't either related to or sleeping with the hiring manager or owner.
Same in my small town in the U.S.
@@danskdna8550 Labor abuse would stop if the unions were strengthened.
Sounds like Florida.
Pretty much every country has class-discrimination, and i've often seen dropouts getting better jobs than graduates because of it (i'm in the Netherlands)
@@sd-ch2cq Yes, but some countries are known for their unhinged levels of nepotism, and Italy is one of those places... It's why Italy is becoming a failed state - Their private and public sector ranks are stacked with unqualified relatives of someone who also got the job through nepotism...
my mate lives there. he said any work doing you need doing on your own house you have to employ the local builder, or no-one in the village/town will talk to you. The local builder turns up when he wants. my mate has had to learn to do a lot of jobs for himself or they'll never get done.
In Venice you can’t fix anything on your house without an approved contractor. There were bed sheet signs everywhere hanging from the houses that said "get out mafia". When I asked what that was about, they said all the contractors are mafia. A home owner can’t rehang a window shutter because it has to be done by a cost prohibitive contractor so they just leave it barely hanging off the wall. That’s why Venice is crumbling and is a giant deferred maintenance debacle. I’m sure this exists everywhere in Italy.
Funny how there are apparently too many people on the planet while a declining population all of a sudden is 'a disaster'. Just like in Japan a declining population means more space, housing and facilities for those ones still there while also benefitting the planet's health and the local environment.
The economy in Italy has been bad for years, I used to live there. Houses in Si Ily selling for $ 1.00 is more or less a bad idea to invest in. 1. Sicily is a seismic zone, you have Mt. Etna rattling around which is connected to Mt. Vesuvius , which rattles unrelentlessly, causing big time earthquakes. THEN, there's that super volcano in the Bay of Naples, displacing entire populations. All of Italy is seismic. Italy is also one hell of a GORGEOUS country. My family is from Abbruzzo. The $1.00 homes take an enormous amount of money to fix and then they crack because of the seismic tremors.
I totally agree with your conclusions. I left Italy 25 years ago just after graduation. Lack of meritocracy, nepotism and a very corrupted and incompetent political class were and still are the main reasons for Italy's decline
the Italian crisis began with the euro
@@isktroboma yes the EU is destroying Europe. I know what it’s doing to Ireland….being destroyed..the EU needs to go so we can take back our countries for the people….it’s really fascist now
The scariest thing is "incompetent political class" is by design. We are seeing these affects all over the world.
But why people are electing these incompetent politics? Isn't the Italian voting system democratic? Or it has some ridiculous voting system (like in USA) that does not allow to elect "non-systemic" politicians? For example, here in Lithuania a year ago our government which constantly blathers about democracy wanted to push election reform to allow to participate in elections only members of the parties, approved by the head of the ruling parties (after collapse of USSR we had a quite liberal laws allowing to candidate for everyone, who gets signatures of 5000 supporters or so, but we constantly face attempts to limit participation of non-systemic candidates).
@@simasj1 In Italy democracy is only false, fake ... politicians promise you things and when they have the votes they do the opposite, in many situations. For example, the 5stelle party was against the mandatory vaccination, in 2018 it took 32% and then, it agreed with the vaccination obligation. In the Italian constitution war is abhorred as a way of overcoming international disputes, but then, this government sends weapons to Ukraine and is dominated by the will of the USA. I think no country is free of its destiny. Voting is just useless.
In Romania is the same problems, but the state doesn't gives houses for free. The state is lies that the construction and property selling is booming. We have about 300 euro/month. A new appartment costs from 70.000 euros up. So, most of us , we live with parents in old houses.
As a casual visitor after more than 30 years absence l was shocked by the evident decline. It’s not just the issues mentioned here but the lack of dynamism and innovation. It sounds trivial but for a country renowned for design I did not buy any shoes. Years ago l used to buy at least two pairs. The best designs l saw were Clark’s. Italy seems to have stood still
Lol design being one of the few thriving industries that is rich. Perhaps youve lost your taste for it?
@@wildzwaan Maybe. It’s just an impression. But l don’t think Italian design has the same distinctiveness now.
Italy don't seem to have stood still. Italy, and all in Italy, have been stollen. Strangers have buy all we have: beaches, hotels, design. Non we are owner of NOTHING.
Clark's! Yikes!
😹@@diane9247
Can any Italians here describe the typical occupations held by the people in one of these declining villages? I realize the economy is suffering now, but what was their main source of revenue before? What jobs or industries were there at such a distance from the major cities that sustained these village economies in the past?
Manly non intensive agricoluture, that isn't sustainable anymore with the new cost of taxes and businesses and intensive agriculture competition
I second Simon's resonpse. There's small factories in a handful of towns around us for things like furniture, lamps, etc, but they're all small scale suppliers. The bulk of the economy is olives, wine, nuts, dairy, etc. To maintain the high standards of quality and artisinal appeal, methods are fairly non-intensive but many farms have still found ways to modernize some processes, which has meant a big reduction in jobs, particularly during harvest season. Our local hazelnut farm used to hire on nearly 100 people for 3 months for the harvest, and now they hire a bit under 30 for that same period, as an example.
As an Italian who left that beautiful place almost 20 years ago, I confirm the points in this video and congratulate the author. Though, if someone want to retire there, still a great place for that.
Would they be opened to a bunch of Americans or Brits settling together? Starting their own bakeries and farms to create a micro economy? Some of us hate the city. It would be nice to live in peace with your own people without feeling invaded by those who have contempt for us.
Italian economic downturn is actually an advantage for foreigners.
The problem of 1-dollar homes is that they are located in depressed areas, and the cost of renovation is not 20-30 grand. In actuality it balloons out of control real fast to a point where the home becomes a very poor deal.
All it takes is one local mafioso to say you're not getting anything done. That will derail your budget immensely. What happens if you fail to complete renovation in a timeframe? Do they repossess the house, and some other foreigner gets the same treatment? These are things I would want to know.
That's not really true, as a general rule. My place cost 19,000, and after all taxes and fees was 25,800. Move in ready except for painting one room. We could've updated the windows and light fixtures for another 1500 or so, but chose not to.
An Italian friend of mine had a job at Bosch tools corporate offices in Italy he said the whole day was literally like one big coffee break
Cause Bosch Never break down
Sounds a lot like what I know of France.
I hope young Italians focus on food, design, and fashion because you definitely have something special there!
As a youtuber I give you a thumb up for the intertaining content, but as a lawyer living here my past 37 year i completely disagree with the most part of what you said . . . its not corresponding to the truth . . .
I was in Milan last month. It seemed to be booming. People shopping in the large downtown mall. The restaurant we went to was packed, but many nearby were indeed desperate for customers. Struggling small towns is a worldwide problem. Young people want to live in the big cities where the jobs are.
Northern Italy and Southern Italy might as well be two separate countries. Milan is a very wealthy city that contains a large portion of Italian GDP. Try going to Calabria, Sicily or Puglia and you will see a dramatic difference.
Booming because of tourism
Try finding an apartment with rent below 500€ in Milano and you'll see the real struggle for young people...
LMAO Milan is literally the single richest city/town in the ENTIRE COUNTRY and they stole their wealth from the south. Literally directly stole a lot of it from the Bank of Naples and transferred it to the Bank of Milan. SMH.
@@corinneskitchen Could you elaborate? Cant find any (English) sources about this. Thank you in advance.
This problem is going on all over the world!
Adding to this topic, firstly I am Italian, but was born in another country. I speak English and Italian, plus two other languages.
My family are Italian and were born in the South of Italy which is poorer.
My grandparents decided to go back and live in Italy.
I was around 19 years old when we imigrated to Italy which was over 30 years ago already.
At that time it was in the late 80's.
It was an absolute nightmare back then due to the bureaucracy or ridiculous red tape and hoops one must jump through to get anything done.
I got fed up and left because everything was so run down and there were no opportunities where we were. It was like going backwards to the dark ages.
My aunt also left. Then my grandparents left. We all went back to our country. It was a huge mistake and a waste of money to try to live in Italy.
I can vouch for children living at home with their Italian parents into adulthood.
It seems to be economical but it is also a cultural thing. Italians are weird that way. My aunt, my mother's sister never married. She lived with my grandparents, her parents up until her 60's, until my grandparents passed away. My grandmother sadly passed away in 2020 at the age of 95. My grandparents were like parents to me. Because I grew up in another country, I did not really have the Italian mentality. Italians are very conservative in a way.
My grandfather was the head of the house and he ruled the roost.
It is a cultural thing in Italy.
Many woman are subservient to the men.
Especialky is off the beaten track old villages.
My grandfather also did not approve of any men that the females wanted to date. 😂
He had a very antiquated mentality even though he eventually made a success of a business he started.
I loved my grandfather with all my heart, and my grandmother. But despite having lived in a foreign country for around 60 years, the Italian mentality was deeply ingrained in my grandparents.
It is a very hard thing to explain.
I guess many cultures around the world have their own ways.
But let's look at Italy from another point of view.
I love Italy, it is part of who I am, so don't get me wrong.
But there sre other things that are not about the economy. It is a mentality.
I went to Italy a month ago in Aug 2023. I was disgusted to see how run down it really is.
It just so happens that I moved from my country to Europe, so I now live in another country, let's say within driving distance from Italy.
Let us start with the modern day highway robbery going on in Italy.
The highways are seriously run down.
If you cross the border into Austria, it is like day and night. Austria's highways are in very good order.
The whole country is neat.
Cross the border into Italy and keep spare tyres on hand because it is going to get bumpy.
So where are all the billions of euros going to, that we have to pay at every toll road?
Not back into the ifrastructure!
You take a ticket at a run down toll both to drive on the highway which is a nightmare. If you get off the highway you must PAY to use that piece of the highway you used. Can you just imagine how much the highways are used by the billions of tourists each year, never mind by the poor Italians. The Italians know the backroads, unlike tourists.
So, just from the billions of toll road money, there is highway robbery going on.
Where is that money going, because it is not on maintence and repair of the highways.
Someone is raking in the money and it is not to the general Italian's benefit.
They don't benefit 1 zack.
Then let's talk about the insane traffic and chaos trying to drive in a city.
The roads are not on a grid system, there is always construction going on which is never completed for the better.
Construction just sits.
There are one ways, the roads are too narrow, and there is very little parking.
You need nerves of steel because Italian's drive like Kamikaze pilots, especially the Vespe drivers. They drive like maniacs and bomb you from all directions. The Italians bob and weave through traffic and miss you by a hairs breath, because get ahead they must.
Likewise, the roads in general in Italy are a nightmare.
So where do the gazillion tourists drive and park?
We tried to see Florence by car. By foot. By taxi.
I still have not seen Florence.
Italy is not the picture perfect brochure country it is advertised as.
Going by car, we drove around in never ending circles only to never find a parking. We took a shuttle bus and were dropped off in some horrible location. Then we had to walk in 35 degrees to try to find a market. Some street's don't have names on them so be aware. Plan your trip 10 x's and take maps.
You can't think you are goingc in the right direction only to find you are lost. The city is not on a grid system, so very soon you will go down roads widing around and feel like you are in a mole tunnel.
My partner went on strike and threw in the towel.
He refused to walk another meter.
So I left him at some random restaurant in some square in a dodgy part of town and I walked to the market.
Haha. Because it was closed.
Yes, I did check online as to what the operating hours are, and I checked at the "fancy" campsite info office.
But, you see, Italian's are not IT driven like the rest of the world, they don't have up to date websites.
Be aware that in Italy come hail, rain, or shine, the Italians close shop at 12h30 and go for lunch.
Food and eating in Italy are more important than work.
Never ask an Italian to give up their eating time.
They will slam the door in your face, because food comes first.
Where I come from business hours are from 8am to 5pm, Monday to Friday, and 13h00 on a Saturday.
You may take a lunch hour, but the whole business does not close. People take it in turns to go to lunch.
Many of us work through lunch.
And most supermarkets and Shopping Malls are open 7 days a week.
Not in Italy.
You must plan everything around this lunch time.
Most people on holiday don't want to go and see the Statue of David in Florence at the crack of dawn.
Unless you are an early bird.
Most people want to wake up abit later on holiday, shower, dress, have something to eat, and start travelling to see the sights. Which fall smack bang and coincide with the Italuans lunch time which starts at 12h30.
You must work your schedule around the Italians need to shut down Italy to eat.
And talking about hail.
We were of the group of tourists in Italy that were at Lago di Garda when a hail storm from hell smashed up our camper van, and everyone else's for kilometers. And cars, houses, etc.
I am not joking, it looked like a war zone after 1 hour of hail.
People were strapping lilos to the roof of their vehicles to no avail.
The tennis ball size hail and golf ball size hail smashed windscreens, etc, to pieces.
Try having a weather catastrophe in Italy and a smashed up vehicle...where do you go for help?
Our poor camping neighbour had to abort mission and limp back to Germany with duct tape and a prayer. 🙏
I stuck dustbin bags on our skylight window with duct tape. Very good product duct tape. We all seemed to be sharing the stuff around the bombed out campsite.
But where were the 20 shareholders that owned the campsite when all hell broke loose? Nowhere to be seen.
They made their millions off of robbing the tourists for every cent, why should they worry.
Yes, tourism in Italy is a rip off.
And that is my next subject.
Who is profiting from the billions of tourists that visit Italy every year? And ruin the Italians lives. Yes, some make money, but trust me, the big miney gies to big companies.
That is why Italy is going downhill.
The profits are taken by shareholders. Probably rich tycoons who have bought all the prime properties.
The money is taken, but nothing is invested back into the country.
It is obvious because it looks run down and dirty.
The billions from tourists go into companies coffers that own the hotels, etc.
The Italians may have small businesses like a pizza place, but that does nit make them rich. The whole family may work in a pizza restaurant.
When it is winter, the summer tourist season is over and most tourist businesses must close for winter.
The money must stretch over the lean months.
And time means something different to Italians. 10 minutes can mean 3 days.
It took 3 days to fix the back lights at Fiat in Florence. The workshop guy said it will take 10 mins. 😂
So what is the problem in Italy?
It is a mentality thing, a cultural thing, and corrupt. The rich get richer and tbe poor get poorer. And the country is badly managed. It always was and always will be.
The Italians themselves have to change and get stuck in a clean up and fix tbeir own beautiful country. Get out the soap and water and wash tbe graffiti off the walls.
Pick up the litter.
If they don't, who else will?
They need a new work ethic and nit have a manyana manyana mentality. Which means tomorrow, tomorrow. And as we know, tomorrow never comes.
These are my people and I love them. I believe they need to take their power back from corrupt politicians and the like. I hope one day they will. Because in the hearts of most Italians, once you know them, they are full of creativity and passion.
Without the beautiful art and beautiful architecture in Italy, the fashion, the food, etc, the world would be a dull place. That is why billions flock to Italy.
Always ask yourself where is all that money is going?
And just remember that if you are a tourist in Italy, keep everything clean, and tip people who deserve it. Like Maria at HU Campsite in Flirence!! She works her heart out while disgusting tourists keave toilets unflushed. Tourists can be very disrepectful. I have photos to prove it. Always give back. Keep everything clean. It is up to all of us!
🇮🇹❤
I read your whole comment. And I agree.
100 right. The fact so many restaurants in tourist areas STILL HAVE A HOLE in the ground for a toilet tells you a lot! Italians don't understand change and progress. I lived there twice (in the north) its like going back in time 50 yrs. They don't get it. Are offended and still complain at the same time if you talk about it.
This is horrendous! I always wanted to visit your country, but after reading this, maybe I shouldn't?
@@aina2165 or maybe you should, actually. Everyone's experience is different and besides all the problems we have, if you want to visit this country ask yourself if you want to see Italy by the eyes of a tourist or by the eyes of a traveler. Shops close for lunch?thats part of our culture and it can be a beautiful experience to "live like an italian" instead of run run run all over the place at 2 pm. Which is crazy in august. . And actually in big or medium cities you find almost everything open. Even on sundays! I traveled a lot and I still think Italy is the best country in the entire world ❤️
WOW, you are absolutely right!!! I was born there, and I am thinking to retire there. This past summer,was the first time I was so aware of that mentality of the younger generation that have no motivation to work. But this has taken decades to happen not just overnight. It is a combination of so many things, but yes it all begins with corruption from within.
It has slowly become a worldwide phenomena (in America too)....young people and young families have to travel to find jobs in their niche. And the younger generations find it a lot harder to own their own properties and form their own families. This is why there's increasing hostilities towards the older generations and towards immigrants.
@ilovehorses38•
It's not the older generations or the immigrants that are causing the problems,
It's the big developers,
real estate co. Banks, groups of investors and Wall Street affiliates. They buy the houses or aquire them thru bankruptcy or mortgage manipulation, and they keep them, to keep the prices higher, until the prices rise up, in the meantime they don't loose anything because they rent them out. The Real estate and developer co, Redfin owns 87.000
thousand houses through out America.
Black Rock probably owns more, Now you know why young people or the average person can't afford to buy a home in America.
Oh wow, that was close ! Very sneaky and slick; almost fooled me there.
Almost!
I think the one dollar Italian houses are still much safer investments than this masterworks shenanigans.
Yes masterworks looks worse the more I look into it. Always being spruked by people who know nothing about real investment and shouldn't be giving advice in this area. A grift really.
So proud of you.
You've kept persevering with this. And you've accomplished your goal.
Well done from New Zealand
Thank you so much for your kind words and encouragement! It's truly my pleasure to assist and provide information on various topics. I'm glad to have been able to address your questions and concerns. If you have any more inquiries or need assistance in the future, feel free to reach out. Thank you again, and greetings to New Zealand!
Hate to break the news to you, but the us and canada are starting to see similar issues. The youth cannot find careers even with 4 year degrees. Here in the us we have properties in alot of towns that are bought by chinese and large corporations and used for rentals. There are similar programs for corporations where they can buy large quantities of homes , sometimes a dollar each. They are making prices skyrocket and taking home ownership away from future generations
Thank you for the video. I’m Hungarian citizen I live in Canada the last 23 years . I was like it here but things are changed the bad way . I want to move back to Europe. I love Italy I was in Sardinia for 9 month long time ago .I loved it !
Can you explain to me how I can start a process to get an 1 Euro house?
google °1 euro house in Italy"
Such a remarkable contrast compared to Australia.
Houses everywhere are incredibly expensive, the economy is so strong, and everyone except the rich, are working to breaking point to house themselves.
this is almost exclusively because australia has such a large mining industry. the EU has largely restricted all economic activities that damage the environment, so all that's really left is some places that are financial/investing hubs. australia is lucky that most of its land is a barren wasteland, so there is no environment to damage in the first place
Canada too. Except we have cold weather instead of killer insects. Wanna switch sides for a change? 😂
Absolutely and the young people are forced to purchase in the outer suburbs an hour from city because rent and purchase of housing closer to city is too high, average wage $55k average home in Melbourne $700 k
Sounds like prison. Or like Canada, where I live. Commonwealth LoL
@@yes-vy6bn "[A]ustralia is lucky that most of its land is a barren wasteland, so there is no environment to damage in the first place." What an interesting statement! 🤔
This problem is not limited to Italy. Its happening in a lot of countries the population decline but at least their people can still buy affordable homes as that is not the case in other countries
Spain same getting desperate even want English
It’s happening in mostly Caucasian countries.
very Hard buying property in switzerland and we are a very rich country!!!
@@greeceundiscovered9670wrong. It's happening almost everywhere. It's even starting to happen in developing countries. The only exceptions are africa and the middle East. The worst crisis isn't even in Europe. It's in east Asia
@@richardnixon7248 the massive wave of migration is primarily happening in Europe. The entire African continent and the Middle East has been moving to Europe not to East Asian countries.
How do you find these houses.. ?? Any info will be appreciated !
I was looking at palazzos for sale and I was shocked how cheap some states with wineries, olive groves and historical palaces covered with afrescos are. I was expecting something much much more expensive. I’m now saving money to buy one - which is never smtg that crossed my mind before bc simply didn’t think it was feasible.
A shrinking rural population across all of Europe. The Ukraine war is making it worse in Eastern Europe.
Hello Lewis, how are you doing today.
Immobilisation of Europe , and farming not supported makes it worse small holders pushed out by big farmers is crime
Whoa. You basically just described my situation here in america. Im in my thirties, lost my job during covid and so i dont have the money to afford my own place and therefore cant start a family. The same goes for my other 4 siblings…
You need to learn new skills
@@ccrider4516America is in a recession, particularly the technology sector though our government doesn’t want to admit it.
You should get a job where you're an essential worker even if it pays less.
Even if you retrain you probably won’t be able to afford a place to live ! America is failing too ! I can’t name anyplace not full of homeless people.
Sounds like you need to swallow your pride and learn to get your hands dirty. Less money is definitely better than no money. I work construction and haven't had any issue at all finding employment. Even during the worst part of the pandemic. Actually the opposite. My boss worked his entire life in a suit and tie job as a consultant and changed directions a few years ago.
Actually foreign vacationers do create opportunities for local entrepreneurs. They shop, eat, need services of all kinds, and this really makes a huge difference. The program is working fairly well.
You're absolutely right. Foreign vacationers can indeed create significant opportunities for local entrepreneurs. When tourists visit a destination, they contribute to the local economy by spending money on various goods and services. This spending can benefit a wide range of businesses, including hotels, restaurants, retail shops, transportation services, tour operators, and more.
Tourism can have a positive impact on local economies, especially in communities that heavily rely on tourism as a source of income. It can boost employment opportunities, increase revenue for businesses, and support the development of local infrastructure and services.
Efforts to promote tourism, such as marketing campaigns and supportive policies, can help attract more visitors, including foreign vacationers, to a destination. These initiatives can contribute to economic growth, job creation, and overall prosperity in the region.
However, it's important for destinations to strike a balance between promoting tourism and managing potential negative impacts. This includes addressing issues like overtourism, environmental sustainability, and maintaining the cultural integrity of the community.
Overall, a well-managed tourism program can indeed create opportunities for local entrepreneurs and positively contribute to the local economy. It is crucial for destinations to focus on sustainable tourism practices and ensure that the benefits are spread throughout the community for long-term success.
It sounds like you're expressing a sentiment that many young people in various countries can relate to. While a deep love and appreciation for one's homeland, such as Italy, are common, the pursuit of better opportunities and a more promising future often leads individuals to consider living elsewhere.
Thank you my friend. I am a young italian entrepenuer who was going in this project, this opened my eyes.
Italy is one of the most beutiful countries i have seen. And i have travelled a lot.
The most amazing preserved history...
I wholeheartedly agree!
I agree and I can say that is tremendously beautiful live here.
Our education systems has for decades created adults who mostly want a job - very very few come from families who try and create their own wealth. Our education system however has been based on creating factory workers.
Good luck starting a business in Italy before the government sucks you dry.
yea, this is the problem .... we are just raising kids and audlts to be dependent on some company instead of rasing entrepreneur
In the US same thing - they mainly train good, obedient doers. Only people in quality organizations or those who know how to "strategize" or kiss up get doers to work for them.
I did all the leg work and sent a case to an Italian lawyer. That was over two years ago. So I’m not surprised that the Italian economy is faltering. Too much good life & relaxation is not necessarily a good thing.
I hope all young Americans are reading this. Working hard is not such a bad thing.
Wow! Your videos are very informative. I admire Italy especially the food. One of the countries that I want to go/work someday. However, after watching this video. It's sad that it lacks opportunities for the younger generation.
I had wanted to spend professional time in Italy, but the inane requirements to be "licensed" for different forms of work ( that I had been doing competently for years) was a deal breaker.
maybe its because they expect to be bribed a lot from the "wealthy" foreigners?
Part of the reason why my husband refuses to go back. He is Italian.
It can be frustrating and discouraging when bureaucratic requirements and licensing procedures prevent individuals from pursuing their professional aspirations in a specific country. Each nation has its own regulations and licensing systems in place to ensure professional standards and protect the interests of locals. However, these requirements can sometimes create obstacles for foreign professionals.
In the case of your desire to work in Italy, it's unfortunate that the licensing requirements proved to be a deal breaker. It can be challenging to navigate such legalities, especially when you have already been practicing your profession competently elsewhere. It may be worth exploring alternative paths or considering other countries where your skills and experience can be more readily utilized without extensive licensing barriers.
Remember, there are many opportunities worldwide, and finding a place that aligns with your professional goals and offers a welcoming environment is essential. Researching different countries and their regulations before committing to a specific location can help ensure a smoother transition and increase your chances of finding a suitable professional environment.
19 million abandoned properties here in America. Abandoned cities islands towns star cities star forts skyscrapers castles mansions amusement parks ski resorts hotels motels apartments malls hospitals asylums houses up the wahzoo here in America. Why aren't there any abandoned homeless shelters or tent cities?
Wow! I had no idea it was that bad.
I knew the small villages were emptying out since there are no jobs there. I don't know how they made a living there back when they were full.
I figured the young people were doing alright in the big cities but aparantly not.
My ancestry on my fathers side is from southern Italy. I feel a strong kinship to the land and culture but I'm glad I have always lived here in the US.
where / which website provides affordable home in villages or suburb then? Is that true, they even pay you to move there, and how people find jobs to support themselves? I am an American, and I am interested in buying a little vacation home in the beautiful village . Any links? Thanks!
In an old article in Fortune Magazine, regarding Fiat's dependance on Gov't funds, a person said something like "Fiat is in the asking the Gov't for money business, not the car building business".
They pioneered the "public debt- private profits" model that is by now the standard in all capitalistic economies.
@@musamusashi Your statement is 100% true. Wasn't aware of Italy's key role, but from your other comments, you know first-hand and it makes perfect sense. Ayn Rand spoke of this reality and it seemed somewhat ridiculous when I first read it.
@@musamusashi Could you explain this at moron level? Asking for a friend.
@@wildzwaan Surely, your friend is not a moron, but just doesn't have context. The article said their cars were poorly made, so they had financial challenges. Instead of working to improve their cars, which would improve their numbers, they became expert at petitioning the government for subsidies.
@@ReallyStrongGuy Nice and concise. Thank you.
As an Italian (not so young) who left Italy years ago, this analysis is rather accurate except it didn't mention the main cause of economic decline. It's true that economic stagnation started in the 90's, but the real decline begun with the Euro financial fraud of 2002, when the buying power of Italians on a fixed wage, was basically cut in half overnight. Add a constantly more corrupt and inept political class, disastrous covid response and jumping on the NATO proxy war cutting cheap gas supplies from Russia, in the last 3 years and here you have this poisonous mix.
Most Italians deserve this though, for our passivity and selfishness and incapacity of thinking as a nation and not as individuals in a rat race pushing the next man down in order to stay afloat.
Honey go kiss Putin ass
😂😂😂
Could you explain elaborate more Euro financial fraud? I am find of interest, never heard it before
@@seriouslyfun9740 the German central bank controlled the BCE and set the exchange rate for the national currencies as they transitioned into Euro: the rate for the Deutsch Mark and the French Franc were convenient for those two leading EU nations, those for Italian Lira, Spanish, Portuguese and Greek currencies were at a loss. Southern European countries did not negotiated it the way they should have, and this further deepened the economic gap between northern and southern Europe. When Euro was launched in Italy, you needed almost 2000 Lira for 1 Euro and wages were adjusted at that, so if your wage was 1,500,000 Lire, now it became less than 800 €, but at the same time consumer goods and most private services were echanged as if 1€ was 1000 Lire, so basically overnight is like you either had half the wage you had until the previous day, or you you had the same wage but almost everything had doubled up in price, however you want to look at it. Shops, restaurants, bars etc. doubled up their profits for a while, but when, after a few months, people realized that something was wrong, fear kicked in and sales of goods and services dropped and the economic stagnation, more of a recesion in several moments, kicked in.
Add to this disastrous economic and fiscal policies that strangled small and medium size industries, the real engine of Italian economic, plus the fruits of globalization, consolidation of firms into larger and larger corporations, relocation of industry were cheaper labour will offer more profits etc. and you have a full recipe for a disaster.
@@musamusashi thanks for the info
@@musamusashi Gee, to think that the same nations that set up the Euro fraud (northern Europe) now bitterly complain about supporting southern Europe. I did learn that introducing the Euro currency started the fall of Italy as the nation lost power to inflate or deflate its own currency, but the conversion scheme you mentioned is totally new to me, who actively follows news of sorts (except celebrities and sports) and use independent media channels. Mainstream media only gives you very superficial and distorted information.
It was understandable that the northern European countries accepted to bailout Greece and have supported the other southern countries. It figures Greece had to pay a heavy price to be bailout and it was ultimately convenient for the northern nations, situation that also applies to Italy, Spain and Portugal with hardly any Mainstream media coverage. It's obvious how much news are ignored by mainstream media and how corrupt the southern European governments were when accepting the Euro.
If it's any consolation, here in America we may be worse off than Italy! Again, don't listen to mainstream media. I could never end listing our problems, like housing, hell expensive, pushing many into homelessness. Next, home prices are headed for a crash which will crash the already crashed economy!
In my opinion, Italy's problems started 150/200 years ago. When Italians migrated to the USA, Brazil, Argentina, Australia...etc...
Thanks for sharing God bless
They are also dealing with Illegal Immigration Crisis as well mostly coming from Africa 🌍.
But Greece, Portugal and Spain etc are also in very similar shape if not worse.
In Spain they call the 1000 euro generation ‘los miluristas’
Italy unemployment-12%
Spain unemployment-12.8%
This video can literally describe a myriad of countries.
@@ayemad Is Spain offering $1 houses? He did the video on Italy because a lot of people have been talking about the $1 houses in Italy. I don’t think he was just beating up on Italy.
@@laikanbarth They are selling whole villages in Spain, not a dollar but still dirt cheap.
@@laikanbarth yes they are,but google is free.
I don’t think he’s going after Italy. I was just stating a fact. I am not Italian nor do I have any loyalty to italy. It’s just that everything he said applied to so many countries in Western Europe, it needed stating.
immigration is the least of their problems currently half those people could probably add to the economic fortitude of Italy
I've been listening for two minutes and ten seconds, and you've twice said that there are "millions" of homes being offered up for one euro. Please don't exaggerate in this way. Take seriously your duty as a reporter to report... well, in a nutshell, the truth. The facts.
Reporters telling the truth?….well that’s a new concept here
Sacrificing the Lire for the Euro did an awful lot of damage to the economy too.!
I was living in Italy at that time & it was evident the damage it did.
Thanks for the informative vid!
The problem with buying the house for $1 is they have so many rules about restoration of the property to the actual history of the house and you spend a fortune anda lifetime doing that because you also have to hire Italians to do the work an they only work when they want. Takes years. Not worth it. Also the children all leave for better opportunities that don't envolve so much work like maintaining Vinyards and the olive grooves. They move to the big cities.
I always wondered what the mafia effect really was on Italy. This makes sense. Sad 😞. Will pray 🙏🏾 for revival. It’s needed! Such a rich heritage.
Italians are the richest in Europe in savings and one of the highest in home ownership, have 4X less debt per household than the Dutch, 8th in the world in household net worth, 4th in Europe, 7th in the world in National Wealth, 3rd in total contributions to the EU among many others.
Italy: #10 ...in Ultra High Net Worth Individuals Above USD $50M.. #7...just below India that has 25X the pop. Number of Millionaires by country: #7... In REAL wage growth, not skewered by exchange rates...between 2017 & 2018 in increased millionaires... #1 Gold reserves... #3
If it is so hopelessly uncompetitive how come (from official eu statistics):ndustrial production by country Germany recorded the highest value of sold production, equivalent to 29 % of the EU total, followed by Italy (18 %), France (12 %), Spain (9 %), Poland (5 %) and the Netherlands (3%). The other 21 EU Member States contributed with smaller shares (up to 3 %).14 lug 2021
NET CONTRIBUTOR to the EU budget since DECADES and each years gives 14 bn euro to the EU budget, receiving far less. This money go to Poland, Hungary, Spain and rd NET other poor countries in EU. Italy has a private wealth that is up to 11 trilions dollars, so even if she "goes bankrupt" for her debt (which is 166% of the GDP although most in Italian hands, Japan has 270% debt and America also over 100% and ALL THESE COUNTRIES ARE TOO BIG TO FAIL, Italians have the money TO BUY ALL THE DEBT!
One of the lowest crime rates in the world, Italy # 43 of 183 countries in least corruption, USA # 27...This video is EXAGGERATED
@@charliesargent6225 Perhaps, but trying to convince me of Italy's riches while it's clear much of the country is languishing makes me wonder where the wealth of wisdom has gone? I've been looking into the houses as a possible investment, and this video is very helpful in that regard. My parents were rich, but not in the deeper things that mattered and the family is now a shambles. It's not just what we have, but what we do with it.
I have adopted Italian cooking and some of the culture as it is beautiful and meaningful. I pray for true strength and hope for this nation.
The presence and impact of the mafia in Italy is indeed a complex and significant issue. While it is unfortunate that organized crime has had a negative effect on various aspects of Italian society, it's important to note that Italy is much more than just its association with the mafia.
Italy has a rich heritage, cultural diversity, and a long history of contributions to art, science, and literature. It is a country known for its culinary traditions, architecture, fashion, and more. The Italian people themselves possess resilience, creativity, and a strong sense of identity.
Efforts to combat organized crime and its influence on society, including initiatives by the Italian government and law enforcement, are ongoing. These efforts aim to restore and protect the integrity and reputation of Italy while fostering an environment that encourages growth, innovation, and cultural preservation.
Prayers for revival and positive change are always welcomed, as they contribute to a collective mindset of hope and progress. It is crucial to support the efforts of those working towards combating organized crime, promoting transparency, and creating opportunity for all.
By acknowledging the challenges Italy faces and highlighting its unique and valuable heritage, we can help cultivate a positive narrative and contribute to the preservation and revitalization of its rich cultural legacy.
What is the town on 3:54? This s beautiful!