Global Economy

This American bought a $1 home in Italy and spent $35,000 renovating it: 'It's much easier to be happier here'


When Rubia Daniels heard a town in Italy was selling off abandoned homes for 1 euro each (or roughly $1.05), she had to take a look herself.

The Berkeley, Calif., resident booked her first flight to Mussomeli, Sicily, in 2019 and quickly ended up buying not one, not two, but three crumbling properties at a bargain price.

Daniels, 50, has a construction background and envisioned three dream projects: a vacation home, a restaurant and a wellness center. So far, she’s spent about $35,000 working with a local crew on her vacation home.

Rubia Daniels is from Berkeley, Calif., and bought several 1-euro houses in Mussomeli, Sicily.

Mickey Todiwala | CNBC Make It

Despite the stress of renovating a home across the world through the pandemic, Daniels says the Mussomeli lifestyle has brought more happiness into her life.

Making friends in Sicily

One of the biggest reasons why Daniels decided to buy in Mussomeli was how welcome she felt when she visited.

The real estate agent who sold her the houses, Nathalie Milazzo, took Daniels around to restaurants, cafes and other parts of Mussomeli to really get a sense of what it’s like to live in the town. Daniels now considers her “like a sister.”

Mussomeli is tiny, with just about 9,900 residents, but Daniels says many people have strong bonds.

“It’s much easier to make friends in Sicily than it is to make friends back in California,” Daniels says. “In Sicily, the social life is very important. Everybody has time to talk to you, to know you, or to share a cup of coffee.”

Daniels became fast friends with Katerina Montagnino, a local, who has become like family. Daniels hosted Montagnino and her husband during a recent trip to California, and she’s even godmother to their 2-year-old son, Leo.

Socializing is big in Mussomeli, and Rubia Daniels says she made fast friends with Katerina Montagnino (left), a resident who is now like a sister to her.

Mickey Todiwala | CNBC Make It

That’s not to say that Daniels’ California neighbors aren’t friendly, but the pace of living is different. “Typically back home, people are always in a rush” shuffling between work and home, she says, and they don’t have time for social activities.

Fewer money problems and less stress overall

The biggest challenge for me over here in Sicily is just the amount of carbs that they consume.

Rubia Daniels

1-euro homeowner in Mussomeli, Sicily

Each visit is another example of how lower financial stress, more social time and moderate physical activity (many people walk in the hilly town) can lead to better health outcomes, despite some persistent vices.

“People here, they consume a lot of alcohol, nicotine, carbs, and they live longer than most places,” Daniels points out. “I believe it’s because the level of stress is so low and [the fact that] the community is so active that that gives them longevity.”

“The biggest challenge for me over here in Sicily is just the amount of carbs that they consume,” Daniels says jokingly. “Other than that, life is beautiful.”

Conversions from euros to USD were done using the OANDA conversion rate of 1 euro to 1.05 USD on Oct 18, 2023. All amounts are rounded to the nearest dollar.

Want to land your dream job? Take CNBC’s new online course How to Ace Your Job Interview to learn what hiring managers really look for, body language techniques, what to say and not to say, and the best way to talk about pay. Use discount code NEWGRAD to get 50% off from 5/1/24 to 6/30/24.

Plus, sign up for CNBC Make It’s newsletter to get tips and tricks for success at work, with money and in life.



READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.