New cases of the coronavirus are popping up everywhere. But the places to avoid, according to the Centers for Disease Control (CDC) and the State Department, are China, Iran, Japan, Hong Kong, and Italy.
Traveling hasn’t been this cheap in decades! Just a few days ago, you could get a roundtrip ticket from New York City to Rome for only $275. Now Italy is on complete lockdown with only special exceptions.
But once this coronavirus blows over, there’s one Italian town so desperate for residents, they will actually pay your rent.
The coronavirus has been deemed a global pandemic by the World Health Organization (WHO).
There have been approximately 110,000 cases reported around the world so far—though we have a sneaking suspicion that China hasn’t been completely truthful about their number of cases in an effort to save face.
In order to limit the virus, major events have been canceled, such as South by Southwest – an annual festival of music, arts, and film in Austin, Texas. And California’s biggest music festival, Coachella, announced on Tuesday that its annual two-weekend event in April has been moved to October.
As for sports, the NBA led the charge in America – following the Italian football league’s decision – to suspend their season for at least 30 days. All four major sports leagues in the U.S. – the NBA, NFL, NHL and MLB – have also followed suit.
Italy is getting the worst of the outbreak in Europe, but its government has been taking every precaution to keep the virus from spreading.
But before Italy was deemed a Level 3 by the CDC for travel, the quaint little village of Teora – seated at the base of Mount Cresta del Gallo in southern Italy – was dying for you to come live in their fishing village just off the Amalfi coast.
There was a recent trend in small Italian villages that would sell empty houses for just one euro, or $1.08 in USD, hoping to lure in new residents. The problem with this approach was the fear that buyers would renovate the houses and only use them as vacation homes.
But some of these villages, like that of Teora, have a different approach. Teora’s mayor Stefano Farina announced in February that they will actually pay your rent – so long as you remain in the village year round.
This incentive requires new residents to live in the community of Teora for three years and have a minimum of one child when applying.
“I don’t believe in selling empty houses for 1 euro, that doesn’t incentivize people to stay in town,” said Mayor Farina.
“They just come a few months a year as holiday-makers. That’s not the solution. But taking up residency and enrolling kids at the local school, that does breathe new life.”
New residents will get approximately $160 a month for two years – and with some properties as low as $200 a month, that could cover up to 80-percent of your monthly rent.
Or residents could opt for a lump sum of $5,400 towards buying a home, which could be as much as a 20-percent down payment since some houses go for as little as $30,000.
Here are some pictures of the idyllic town:
So far, only a few families have taken advantage of the town’s offer.
And unfortunately, the coronavirus has complicated cashing in on this free money for the time being. But once the virus passes, this opportunity will be yours for the taking.
It might be a good idea to start learning Italian now.