Living on the cheap: Town offering $1.20 homes

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Want to live in Italy on the cheap? Now, you can buy a home with the cash likely in your wallet. A town, on the island of Sardinia right next to the beautiful Mediterranean sea is now selling hundreds of abandoned homes. The price tag is $1.20! Yup, you heard me right--just a buck and 20 cents.   

 

There's a catch, of course. All of the homes are in poor condition and buyers have to refurbish them--within three years.

               

 

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