Need an investment opportunity? In Italy you have the choice of buying an apartment or house outright or buying it "naked", which means you get the house for a discount. Here is the catch. The owner is still in it, and not only that, but they have the right to stay in it (and you can't) for the rest of their life. Prices are adjusted depending on the occupant's age.
As far as the seller is concerned, this is a great deal for people who need cash outright and have no heirs to pass their property to. So it's a win-win. Unless the occupant outlives you. Then it's a bummer.
We're thinking about doing this. Interest rates suck. Why not?
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