Cash Chronicles: How Far Does $1 Go in Different Parts of the World?

5. The Entire Home

Where: Italy's Zungoli Estimated Average Income: $2,800 Estimated Average Cost of Living: $2,000  (per month/four-person family) Rural Italian communities have been trying to draw in new residents by selling houses for just $1 during the past few years. Although it sounds absurd, it's the truth. Zungoli town is one such location. It appears to be charming and dreamlike, so what's the catch?

Post-Washington/Washington Post It's not quite as cheap as it all appears because prospective buyers must submit a plan for the home's rehabilitation within three years of the purchase. Even though it's still a great deal, you must have the money to transform a dilapidated house into a paradise where people may dwell.