Some words from "estates selling language": - stanza/camera: room, the "livable" separated space in a house; the rooms can be bedrooms or sitting rooms or living rooms or dining rooms depending on dimensions and placement in the house; entrances, kitchens and bathrooms are NOT rooms - servizi : entrance, kitchen and bathroom - doppi/tripli servizi: two/three bathrooms - cucina abitabile: a kitchen large enough that you can put a table in it and dining there, and going around it with ease - cucinotto: a small kitchen, you can only cook in it - cucina a vista: open kitchen - salone doppio: a big room that can have separate zones as dining room and living room - monolocale: studio apartment, one room apartment - bilocale: an apartment with two rooms - trilocale: an apartment with three rooms - quadrilocale: an apartment with four rooms - bilivello: the apartment has two stories - soppalco: mezzanine, but also double roof - mansarda/sottotetto: attic - camera mansardata: room in the attic with a sloping roof - travi a vista: roof with visible beams, usually of wood - pavimento in cotto: floor with terracotta tiles - tavernetta: a big inhabitable room in the basement of an independent house; often with a fireplace and/or a wood-oven - affitti: houses for rent - vendita: houses on sale - canone di locazione: renting fee - nuda proprietà: you buy only the property of the house, because the house is still occupied by a tenant; you can collect the rent, but if you want to live in the house you have to "sfrattare" = evict the tenant, and in Italy you can't do it so easily, unless the tenant is not paying the rent. - locale commerciale/locale C1: a space for commercial/working purposes on sale/for rent - pertinenze: buildings separated from the house, but in/under the same property (garages, cabins...) - villa: independent house with a garden around it; it can be in the suburbs or in the countryside - villa bifamiliare/trifamiliare/quadrifamiliare: a big enough independent house that it can host two/three/four families, usually with separate entrances and services - villetta a schiera: a little independent house flanked with others alike, with a little garden on the front and the rear - palazzetto cielo-terra: an independent house made of two or more floors but without a garden and located in an urban area - rustico: a ruined house or a house not finished; usually in rural areas - terreno edificabile: they're selling an estate, on which you can build a house - terreno agricolo: they're selling an estate, but you can't build a house on it, you can only cultivate it - attico: apartment on the highest floor of the building; penthouse - nuova costruzione: the house or the building in which it is the apartment has been built very recently and never inhabited; brand new, mint condition - in costruzione: they're selling the house/apartment, but it's still under construction - ottimo/buono/discreto stato: the house/apartment is in ideal/good/almost good condition - da ristrutturare: the house needs renovation; a fixer-upper - terrazzatissimo: with a lot of balcony and/or terraces - ottima/buona esposizione: the main windows (bedrooms, living room) or the majority of windows face south - termoautonomo: the heating is regulated with the boiler of the apartment itself - riscaldamento centralizzato: the heating is regulated by the general boiler of the building, that serves all the apartments - allaccio: connection of the house systems (electrical, plumbing, gas) to the public supply of energy, gas and water - ottimo uso ufficio: the apartment can be transformed in an office very easily
Thank you so much for this list! Even though I know some Italian, some of these phrases mean nothing to me...especially when you take into account false friends. I thought "cucina abitabile" meant "habitable kitchen" which made me wonder about the condition of kitchens that didn't have this description!! 🤔 It makes sense now that this refers to the size of the kitchen and that you can put a table in there. Grazie...I'm printing this list as we start our hunt for apartments! 😊
Am planning on going to work and live in Rome this winter , I've been watching your videos for few months now and It's exactly what I needed to get prepared, thank you so much for your awesome content
I agree with you that renting should never be long term. My husband and I rented an apartment for 3 years, then 15 years ago we decided to buy our own home and now, mortgage is payed and we are the proud owners of our own house.
Your screenshot shows the Idealista site. I used them back in 2018 when I noticed that my 1960's childhood home in Naples was for sale. I posed as a prospective buyer in order to get a nostalgic walk thru of the house. They were very responsive and accommodating, which is unusual for Naples. Nevertheless, take it with a grain of salt. I might have gotten VIP treatment because the house in question was listed at 3.5 million Euro. Either way, the Idealista property search feature is great.
Ha! Interesting strategy. I also once walked into my old childhood home after it was sold. Don’t ask me how that happened but it was very surreal having a stranger show me her house which used to be my house which in my mind was still and will always be my house. To this day I’m not sure if going back there was a good idea
If you rent (or buy) a place through an agency, here in Italy, you are not signing a renting contract with a company, but with the landlord. There is literally nor practical nor legal difference if, instead, you find the place by yourself. After the contract with the landlord is signed, the agency (that gets its expensive commission) is not involved anymore and you have to relate only with the landlord for any issue. The agency’s task is only to get the owner in touch with the aspiring renter, without any legal guarantee that the place is really as described by the agent himself. This, due to the fact that, here in Italy, the agency does not represent the landlord, nor the renter, but is just a middleman, basically paid just for “show places”. I also do not agree with your last consideration about the fact that renting forever is not good. Who bought here in Italy from 2007 onward, got absolutely wrecked from an investment point of view, because the value of real estate asset decreased. One, instead, would have made absolutely better investing his money in safe stuff bonds like Italian Btp or even US Treasuries and paying the rent with the bond’s coupons. This is especially true now, with the yields of the bonds gone on the roof. Off course no one knows the future, but basically every expert is predicting that due to various factors like economic and demographic decline, real estate values in Italy will continue to decrease. Keep also in mind that, in places like Rome, if you want to live near public transportation or subway, you have to live in a building of the 60s, the 70s or the 80s. New constructions are few and extremely expensive. Any structural engineer will tell you that those buildings will not last for other 30 o 40 years, and so, one should think twice before buying.
See my post above re: the economic conditions in play now and into the future, let alone the new political situation in Italy which hopefully will fall apart relatively soon. Your post was quite helpful, too!
Hi. Thank you for the clarification. As I said in the video unfortunately I don’t have agency experience, However I have a friend who did rent with an agency and my understanding is that there was much more involvement on the agency’s part as far as the overall rental is concerned. I would still rather take my chances with an agency than a private rental because common sense tells me that an agency won’t just take anyone who wants to have their house shown. There must be some prerequisites, otherwise they risk damaging their reputation. Yes, are indeed trying to be mindful of the year a building was built because we don’t want to be paying for structural repairs.
@@DavidsDoseofItaly I was referencing the Meloni coalition which did win. Berlusconi was making noises, that calmed down, and now he's dead. So, still waiting for something to transpire. I don't think her live-in boyfriend's comments will do the trick, but it is sorta ironic that the big "pro-family" Meloni had a live-in partner..., not worried about what the Pope would say, LOL!
Great video! Thank you for the information. Is it harder to rent as a foreigner? When they ask for references, is that like a statement from where you currently live that you pay on time etc?
Hi Robert. Thanks! Hard to say if it is easier or harder for a foreigner. I'd say a bit more difficult simply because don't know the country and system as well as a native born person. I don't think they ask for references here although I am not sure if an agency will ask for them. My gut says no.
Salve David. In the next 1 to 2 years I plan on buying a home, something that needs TLC. I am really handy. My next visit to Italy will be to Pescara to looking at homes 60,000 - 100,000 €.
Yes. I dived into it somewhat. My friend was just there with his mother They have a house in Tocco di Cassuria Pescara. His friend is selling his house for about 50,000€. Needs work plus new pluming. So, if I hired someone to turn the house the way I want it, figure another 50k That’s new bath rooms, new kitchen. Updated electric and fixtures.
Love your videos David. You mentioned that you taught English in a language school. I’m trained up and ready to teach ESL in Genova to adults. Do language schools in Italy provide English classes to adults? What do you recommend?
Hey Ed. Absolutely. I made a few videos on that which may help. I mainly teach adults. I recommend that you keep your standards high, don't get paid per hour and apply to multiple schools so you're not forced to take the first school that offers you a job. Look for international schools, academies and larger schools which are financially stable. th-cam.com/play/PL9RTA_49N-uZwbuWVnTLJ8amIFrqqAjYB.html th-cam.com/video/obcgcm9S5TQ/w-d-xo.html
Hello i found your videos, i am a student in master degree electronic engineering in bologna, and i am trying to find accolodation. Are there any specific tips ?
Ciao David! I've just accepted a job in pharmaceutical company in Italy. I have an Italian passport but I've never lived there so I was wondering what documents are usually required for renting. Do you think my passport and the job offer letter will be enough? Thanks!!
Congratulations! They may also want to see a bank statement. Get a checking account asap and see if it needs to be Italian. I say that because with the Internet you can have a bank account in a different country. If you’re interested in this, I suggest you do your research because I am not an expert on the topic but it’s worth looking into I think.
@Jimmy Mason in Rome you can find Condos with a shared swimming pool but only in very new buildings and they are in areas outside the historical downtown, or you can look for "villas", (single homes) but they are at the outskirt of the city or in Little towns few km from Rome. The best areas are in Roma nord or nordeast .
@@DavidsDoseofItaly I lived in NYC for 35 years . 5 years in Sao Paulo 1 year in Havana & 2 years in West Africa now at 65 I go to my parents place to live the last chapter of my life... I'm in Montreal now where I was born .. I don't like it here.. Climate Food Stinks.. Plus I feel Much better around WOPS like Myself.. Where are your People From in Italy?
@@DavidsDoseofItaly David I know cassette . when I 1st saw u on YT I figured Napoli Campagnis Casserta.....I'm a Musician thats why the Travelling.....
I don’t know anything about your field but common sense tells me to look for schools that are well known, maybe a tad pricey and I’d read reviews about them. I did a simple google search and there are MA programs in Italy. Best of luck !
Please I am a Nurse in Ghana 🇬🇭 and relocating to Italy 🇮🇹 to live with my husband. I hold a Bsc in Nursing . Please can I get a nursing related job in Italy?
Hi. I am really not sure what the process is to become a nurse here. I do know the medical field always needs workers here so you might be in luck. Best of luck!
I am wondering if there would be discrimination based on age...I know leases are long with some way to break them...but when you're in your 70's I'm wondering if someone would rent to me...
@@DavidsDoseofItaly Thanks for the encouragment...."Money Talks, Nobody Walks" as the saying goes ( grew up in NJ with relatives in CT, lol)....Some days I think I am one of those who don't walk, LOL!
With Italy going fascist and the negative long-term global economy prospects for the US and Europe, I would rent esp. if one is older. It's important to stay liquid and flexible. Watch Bloomberg and the Wealthion channel here in YT. On Fridays my own wealth managers deliver the grim news. They have been focusing on wealth preservation the last few years so we have plenty of $$ to use as this bubble bursts. The normal 60/40 portfolio will suffer and growth over the next 5-10 years will not be what it has been in the recent past! Be careful! I'm rolling over my personal money in short term Treasuries on 4-8 week cycles in 4 tranches.
Personally I listen to what Warren Buffet has to say and he recommends investing in index funds. Your returns aren't going to be the same every year but markets rise and markets fall. That's the nature of investing and what's important is dollar cost averaging.
@@M.C.K.111 Well, Meloni has proven herself not to be crazy, but she is hell bent on screwing over gay parents of surrogate children to the point that some couples are looking into political asylum in other countries...Judges would take control over health care decisions, etc. It's pretty outrageous...that bill is up for a vote or has been voted on...have to catch up with that one.
@@DavidsDoseofItaly Hey, a year later...you're young enough to ride things up and down....maybe. I'm A LOT older and have done that. At some point, you will have to be more careful as you may not recoup losses if the markets don't perform well for a number of years. Yes, you want lower fee things like ETFs because expenses can kill you!
Some words from "estates selling language":
- stanza/camera: room, the "livable" separated space in a house; the rooms can be bedrooms or sitting rooms or living rooms or dining rooms depending on dimensions and placement in the house; entrances, kitchens and bathrooms are NOT rooms
- servizi : entrance, kitchen and bathroom
- doppi/tripli servizi: two/three bathrooms
- cucina abitabile: a kitchen large enough that you can put a table in it and dining there, and going around it with ease
- cucinotto: a small kitchen, you can only cook in it
- cucina a vista: open kitchen
- salone doppio: a big room that can have separate zones as dining room and living room
- monolocale: studio apartment, one room apartment
- bilocale: an apartment with two rooms
- trilocale: an apartment with three rooms
- quadrilocale: an apartment with four rooms
- bilivello: the apartment has two stories
- soppalco: mezzanine, but also double roof
- mansarda/sottotetto: attic
- camera mansardata: room in the attic with a sloping roof
- travi a vista: roof with visible beams, usually of wood
- pavimento in cotto: floor with terracotta tiles
- tavernetta: a big inhabitable room in the basement of an independent house; often with a fireplace and/or a wood-oven
- affitti: houses for rent
- vendita: houses on sale
- canone di locazione: renting fee
- nuda proprietà: you buy only the property of the house, because the house is still occupied by a tenant; you can collect the rent, but if you want to live in the house you have to "sfrattare" = evict the tenant, and in Italy you can't do it so easily, unless the tenant is not paying the rent.
- locale commerciale/locale C1: a space for commercial/working purposes on sale/for rent
- pertinenze: buildings separated from the house, but in/under the same property (garages, cabins...)
- villa: independent house with a garden around it; it can be in the suburbs or in the countryside
- villa bifamiliare/trifamiliare/quadrifamiliare: a big enough independent house that it can host two/three/four families, usually with separate entrances and services
- villetta a schiera: a little independent house flanked with others alike, with a little garden on the front and the rear
- palazzetto cielo-terra: an independent house made of two or more floors but without a garden and located in an urban area
- rustico: a ruined house or a house not finished; usually in rural areas
- terreno edificabile: they're selling an estate, on which you can build a house
- terreno agricolo: they're selling an estate, but you can't build a house on it, you can only cultivate it
- attico: apartment on the highest floor of the building; penthouse
- nuova costruzione: the house or the building in which it is the apartment has been built very recently and never inhabited; brand new, mint condition
- in costruzione: they're selling the house/apartment, but it's still under construction
- ottimo/buono/discreto stato: the house/apartment is in ideal/good/almost good condition
- da ristrutturare: the house needs renovation; a fixer-upper
- terrazzatissimo: with a lot of balcony and/or terraces
- ottima/buona esposizione: the main windows (bedrooms, living room) or the majority of windows face south
- termoautonomo: the heating is regulated with the boiler of the apartment itself
- riscaldamento centralizzato: the heating is regulated by the general boiler of the building, that serves all the apartments
- allaccio: connection of the house systems (electrical, plumbing, gas) to the public supply of energy, gas and water
- ottimo uso ufficio: the apartment can be transformed in an office very easily
CIao Claudia! Thank you for taking the time to put this comment here. This is indeed extensive. Good reference for this video.
Thank you so much for this list! Even though I know some Italian, some of these phrases mean nothing to me...especially when you take into account false friends. I thought "cucina abitabile" meant "habitable kitchen" which made me wonder about the condition of kitchens that didn't have this description!! 🤔 It makes sense now that this refers to the size of the kitchen and that you can put a table in there. Grazie...I'm printing this list as we start our hunt for apartments! 😊
Am planning on going to work and live in Rome this winter , I've been watching your videos for few months now and It's exactly what I needed to get prepared, thank you so much for your awesome content
Awesome! Thank you for watching!
Wow!! This is great advice. I thought I had everything down but you gave me more helpful things to add.
Glad it was helpful!
I agree with you that renting should never be long term. My husband and I rented an apartment for 3 years, then 15 years ago we decided to buy our own home and now, mortgage is payed and we are the proud owners of our own house.
Hey Norma! Always good to see you here. yes, exactly, this is the joy of owning something.
Not sure how I've missed several of your videos. I'm catching up☆☆☆
No worries! I’ve made less recently
Your screenshot shows the Idealista site. I used them back in 2018 when I noticed that my 1960's childhood home in Naples was for sale. I posed as a prospective buyer in order to get a nostalgic walk thru of the house. They were very responsive and accommodating, which is unusual for Naples. Nevertheless, take it with a grain of salt. I might have gotten VIP treatment because the house in question was listed at 3.5 million Euro. Either way, the Idealista property search feature is great.
Ha! Interesting strategy. I also once walked into my old childhood home after it was sold. Don’t ask me how that happened but it was very surreal having a stranger show me her house which used to be my house which in my mind was still and will always be my house. To this day I’m not sure if going back there was a good idea
Yes, please do an informative video on purchasing I’ve been in the process for 8months.
You aren’t the first to ask me this. Has it been difficult for you? I would assume so if it’s been 8 months.
I think making a video about purchasing property is a great idea!
I should! thanks for the comment!
As always, great video.
Was that Waterbury? :)
One of my dreams is to spend a year in Italy, probably up north where it won't be so hot.
Hey Eddie. No I’ve only been to Waterbury twice in my life.
Yeah I’d prob pick the north too if I had to start over
@@DavidsDoseofItaly But it was Connecticut, the State of Pizza in the US.
@@EddieDBama I thought NY had that title
@@DavidsDoseofItaly New Haven...
If you rent (or buy) a place through an agency, here in Italy, you are not signing a renting contract with a company, but with the landlord. There is literally nor practical nor legal difference if, instead, you find the place by yourself. After the contract with the landlord is signed, the agency (that gets its expensive commission) is not involved anymore and you have to relate only with the landlord for any issue. The agency’s task is only to get the owner in touch with the aspiring renter, without any legal guarantee that the place is really as described by the agent himself. This, due to the fact that, here in Italy, the agency does not represent the landlord, nor the renter, but is just a middleman, basically paid just for “show places”.
I also do not agree with your last consideration about the fact that renting forever is not good. Who bought here in Italy from 2007 onward, got absolutely wrecked from an investment point of view, because the value of real estate asset decreased. One, instead, would have made absolutely better investing his money in safe stuff bonds like Italian Btp or even US Treasuries and paying the rent with the bond’s coupons. This is especially true now, with the yields of the bonds gone on the roof. Off course no one knows the future, but basically every expert is predicting that due to various factors like economic and demographic decline, real estate values in Italy will continue to decrease. Keep also in mind that, in places like Rome, if you want to live near public transportation or subway, you have to live in a building of the 60s, the 70s or the 80s. New constructions are few and extremely expensive. Any structural engineer will tell you that those buildings will not last for other 30 o 40 years, and so, one should think twice before buying.
See my post above re: the economic conditions in play now and into the future, let alone the new political situation in Italy which hopefully will fall apart relatively soon. Your post was quite helpful, too!
Hi. Thank you for the clarification. As I said in the video unfortunately I don’t have agency experience, However I have a friend who did rent with an agency and my understanding is that there was much more involvement on the agency’s part as far as the overall rental is concerned. I would still rather take my chances with an agency than a private rental because common sense tells me that an agency won’t just take anyone who wants to have their house shown. There must be some prerequisites, otherwise they risk damaging their reputation.
Yes, are indeed trying to be mindful of the year a building was built because we don’t want to be paying for structural repairs.
Well, the elections have just happened. So I don't think anything will fall apart anytime soon. Who knows.
@@DavidsDoseofItaly I was referencing the Meloni coalition which did win. Berlusconi was making noises, that calmed down, and now he's dead. So, still waiting for something to transpire. I don't think her live-in boyfriend's comments will do the trick, but it is sorta ironic that the big
"pro-family" Meloni had a live-in partner..., not worried about what the Pope would say, LOL!
Looking to buy
Currently looking in Mesagne
Nice. First impressions of it?
@@DavidsDoseofItaly its nice, but everything is closed from 1 to 4
@@russwoodward8917 yup. That’s Southern Italy in particular for you
Great video! Thank you for the information. Is it harder to rent as a foreigner? When they ask for references, is that like a statement from where you currently live that you pay on time etc?
Hi Robert. Thanks! Hard to say if it is easier or harder for a foreigner. I'd say a bit more difficult simply because don't know the country and system as well as a native born person. I don't think they ask for references here although I am not sure if an agency will ask for them. My gut says no.
Salve David. In the next 1 to 2 years I plan on buying a home, something that needs TLC. I am really handy. My next visit to Italy will be to Pescara to looking at homes 60,000 - 100,000 €.
Hi Louis. Being handy will save you a lot of money for sure. Have you been looking at homes in Pescara? Do they fit your budget?
Yes. I dived into it somewhat. My friend was just there with his mother They have a house in Tocco di Cassuria Pescara. His friend is selling his house for about 50,000€. Needs work plus new pluming. So, if I hired someone to turn the house the way I want it, figure another 50k That’s new bath rooms, new kitchen. Updated electric and fixtures.
When getting your residence permit, what do you put down if you don’t have an apartment yet?
I’m not entirely sure because when you file for residency, you have to have an apartment where you’re already living
Have you ever see that tv show "International house hunters" ?
Unfortunately no. Don’t watch much Tv.
How do we find the agencies?
Love your videos David. You mentioned that you taught English in a language school. I’m trained up and ready to teach ESL in Genova to adults. Do language schools in Italy provide English classes to adults? What do you recommend?
Hey Ed. Absolutely. I made a few videos on that which may help. I mainly teach adults. I recommend that you keep your standards high, don't get paid per hour and apply to multiple schools so you're not forced to take the first school that offers you a job. Look for international schools, academies and larger schools which are financially stable.
th-cam.com/play/PL9RTA_49N-uZwbuWVnTLJ8amIFrqqAjYB.html
th-cam.com/video/obcgcm9S5TQ/w-d-xo.html
I am interested in the property
Hello i found your videos, i am a student in master degree electronic engineering in bologna, and i am trying to find accolodation. Are there any specific tips ?
Ciao David! I've just accepted a job in pharmaceutical company in Italy. I have an Italian passport but I've never lived there so I was wondering what documents are usually required for renting. Do you think my passport and the job offer letter will be enough? Thanks!!
Congratulations!
They may also want to see a bank statement. Get a checking account asap and see if it needs to be Italian. I say that because with the Internet you can have a bank account in a different country. If you’re interested in this, I suggest you do your research because I am not an expert on the topic but it’s worth looking into I think.
@@DavidsDoseofItaly Thank you!!
Are swimming pools common in Rome? Would love to rent a place with one.
No but I have seen them. You’ll have to look in the suburbs around the GRA
@Jimmy Mason in Rome you can find Condos with a shared swimming pool but only in very new buildings and they are in areas outside the historical downtown, or you can look for "villas", (single homes) but they are at the outskirt of the city or in Little towns few km from Rome. The best areas are in Roma nord or nordeast .
@@patriziaalma7498 great info. thanks!
I’ve never seen them, but I’m sure they exist.
I'm hoping to retire to Italy in another 10 years. Is turino a good retirement city?
I have heard good things about that city. It’s in Northern Italy, and generally the north is better organized than the south.
Hi.. I'm moving to Molise Where my parents are from... a little village 10 min. from Campobasso... Mirabello Del Sannio... My parents house...
Hi Mario. Ah nice. What brought you to this decision?
@@DavidsDoseofItaly I lived in NYC for 35 years . 5 years in Sao Paulo 1 year in Havana & 2 years in West Africa now at 65 I go to my parents place to live the last chapter of my life... I'm in Montreal now where I was born .. I don't like it here.. Climate Food Stinks.. Plus I feel Much better around WOPS like Myself.. Where are your People From in Italy?
That’s quite a life. Wow! What brought you to those places if I may ask ? My ancestors came from the provinces of Caserta and Napoli
@@DavidsDoseofItaly David I know cassette . when I 1st saw u on YT I figured Napoli Campagnis Casserta.....I'm a Musician thats why the Travelling.....
Oh very nice. What kind of music?
Do rental apartment accept pets?
It depends if you’re renting privately, or an agency and even then you need to check the rules and conditions
i am thinking of studying my masters in IT in italy, is italy education good? will it be worth it in the long term plz reply i really need help.
Hi. What masters and where are you thinking of studying ?
@@DavidsDoseofItaly masters in computer science in Italy
I don’t know anything about your field but common sense tells me to look for schools that are well known, maybe a tad pricey and I’d read reviews about them. I did a simple google search and there are MA programs in Italy. Best of luck !
Please I am a Nurse in Ghana 🇬🇭 and relocating to Italy 🇮🇹 to live with my husband. I hold a Bsc in Nursing . Please can I get a nursing related job in Italy?
Hi. I am really not sure what the process is to become a nurse here. I do know the medical field always needs workers here so you might be in luck. Best of luck!
I am wondering if there would be discrimination based on age...I know leases are long with some way to break them...but when you're in your 70's I'm wondering if someone would rent to me...
I don’t see why not. As long as you can pay them in you’re and relative good health why not.
@@DavidsDoseofItaly Thanks for the encouragment...."Money Talks, Nobody Walks" as the saying goes ( grew up in NJ with relatives in CT, lol)....Some days I think I am one of those who don't walk, LOL!
Aren’t we all at some point?! 😝😊
How is crime rate in Italy?
Like anywhere really. There are crimes committed here and places that are peaceful
a pub lol - are you British?
😅. No, but I’ve been subjected to a lot of British English over the years.
@@DavidsDoseofItaly lol ;-)
With Italy going fascist and the negative long-term global economy prospects for the US and Europe, I would rent esp. if one is older. It's important to stay liquid and flexible. Watch Bloomberg and the Wealthion channel here in YT. On Fridays my own wealth managers deliver the grim news. They have been focusing on wealth preservation the last few years so we have plenty of $$ to use as this bubble bursts. The normal 60/40 portfolio will suffer and growth over the next 5-10 years will not be what it has been in the recent past! Be careful! I'm rolling over my personal money in short term Treasuries on 4-8 week cycles in 4 tranches.
Personally I listen to what Warren Buffet has to say and he recommends investing in index funds. Your returns aren't going to be the same every year but markets rise and markets fall. That's the nature of investing and what's important is dollar cost averaging.
Itsly going fascist?? 🤣🤣🤣🤣🤣🤣
@@M.C.K.111 Well, Meloni has proven herself not to be crazy, but she is hell bent on screwing over gay parents of surrogate children to the point that some couples are looking into political asylum in other countries...Judges would take control over health care decisions, etc. It's pretty outrageous...that bill is up for a vote or has been voted on...have to catch up with that one.
@@DavidsDoseofItaly Hey, a year later...you're young enough to ride things up and down....maybe. I'm A LOT older and have done that. At some point, you will have to be more careful as you may not recoup losses if the markets don't perform well for a number of years. Yes, you want lower fee things like ETFs because expenses can kill you!