Family quits NYC, buys 2 homes in Italy
Why the Family Decided to Leave New York Live Events Buying a House in Italy for Around $13,000 Why They Chose Abruzzo Instead of Italy's
Why the Family Decided to Leave New York Live Events Buying a House in Italy for Around $13,000 Why They Chose Abruzzo Instead of Italy's Tourist Hotspots Lower Living Costs Made a Big Difference Full-time preschool for their daughter costs about $70 per month. Electricity averages around $170 per month. Water costs roughly $80 monthly. Wi-Fi costs about $15 per month. Each cellphone plan costs approximately $14 per month. The Family Also Bought a Second Property Career Changes After Moving Abroad Why She Doesn't Want to Move Back as a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Add Now! (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel After leaving New York City and buying a home in rural Italy for just $13,000, Cassandra Tresl said she has no desire to return to America permanently. The mother of one, who moved to Italy with her family in 2023, says the lower cost of living, mortgage-free homeownership and slower pace of life have transformed their future. “At this point in our lives, I could not imagine living back in the US full-time,” she was quoted as saying by the New York Post.Cassandra Tresl and her husband decided to leave New York behind and move to a small town in Italy after finding a house that cost only about $13,000.
The move not only gave them a mortgage-free home but also significantly reduced their living expenses and changed their perspective on work, family, and everyday life.ALSO READ:Tresl, 33, told CNBC that becoming parents during the pandemic prompted a major reassessment of their future.After welcoming their daughter in 2020, the couple began questioning whether long-term life in New York City made financial sense. At the time, they were paying $2,000 a month in rent for their apartment, which was considered relatively affordable by New York standards.“I couldn’t imagine realistically saving up for a down payment to buy a house somewhere in New York,” the young woman lamented.Instead of continuing to rent, the family started looking at alternatives abroad.In 2022, the family purchased a home in Italy's Abruzzo region for approximately 11,500 euros, or about $13,000. They later moved there permanently in 2023.The purchase price alone felt almost unreal to Tresl. “The fact that we were able to buy a house all in cash honestly at that time felt unbelievable,” said Tresl, who called NYC home from 2015 to 2019.The family then invested an additional 15,000 euros, or roughly $17,000, to renovate and furnish the property. One of the biggest renovation costs was redoing the home's plumbing system, which cost around $3,000.While many foreigners gravitate toward famous destinations such as Tuscany, Tresl and her family intentionally wanted something different.
The BriefWire