Kelly Taylor of Beverly Hills 90210 is a positive icon for new generations

 

Who doesn’t remember of Kelly Taylor from the hit tv series Beverly Hills 90210?

 

Kelly today has two marriages ended in divorce and from her second she had three children.

 

Kelly’s career skyrocketed with Beverly Hills 90210 a prime time television drama that aired on the FOX network from 1990 until 2000 for a total of 10 seasons in which she appeared in 292 episodes.

 

Now we read in the news that she is got a “down to earth” attitude about spending money.

 

"I'm nothing like Kelly Taylor. In fact, Beverly Hills is not my scene at all. Yes, I live in L.A. but I don't live in a mansion with a cook and a butler." "Every day, I get up and make breakfast for my girls. I sit on the rug during story time at my daughter's school"Every minute is precious, and now more than ever, every dollar I bring home, or manage to save, means more safety and security for my family and our future””. 

 

Some malicious gossipmongers commented this recent statement with her recent divorce and by assuming that she’s in financial troubles.

 

From my point of view these comments are just meaningless as in my vision, at least from what she says, she’s got instead what I call some common sense. A mother who cares about her children and spend time with them is an excellent model for the young generations.

Back in the 90’s she was a model for teen-agers who are today’s family mothers. 

In fact In September 2008, Garth returned to the role of Kelly Taylor on the series premiere of the CW Network's spinoff series, 90210. In the new series, Garth's character Kelly Taylor is now a guidance counselor at West Beverly High, a role that perfectly fits with the 41 years old actress.

In real life, Garth and her children just moved out from their 8,416 square feet Toluca Lake home, who she bought together with Twilight actor Peter Facinelli, back in 2005 for the price of $2.85 million and which they have now put back in the market for $5,995,000 after having spent an undisclosed amount to renovate it.

After her latest divorce from Peter Facinelli, Jenie became a divorced single mom and together with her kids she just moved into a Los Olivos ranch with four dogs, two goats, five cats, two small horses and a pig.

In many occasions Garth stood up for animal rights and because of this she’s got all my respect as I am an animal activist too. Obviously today is more newsworthy the fact that a Hollywood actress stays home with her kids rather than the ordinary news of someone who got caught for drugs-related crimes or for a hit-and-run under DUI.

Today a mother who stays home and at the same time is a (successful) actress is big time news, as a matter of fact being this the case, I totally relate to my wife who besides being a great businesswoman, she took a wise decision to stay home with our kid and personally grow him . That’s why she sold the famous Teatro Nuovo, one of the most important theaters in Milano. Obviously the choice of being just a mom, is absolutely a respectful choice, because motherhood is the most important job ever.

Some media speculated on Jennie Garth’s comment about money in a negative way, “every dollar I bring home, or manage to save, means more safety and security for my family and our future”.

Instead this comment reminds me a lot Benjamin Franklin famous say: “a penny saved is a penny earned”.

I actually think that her attitude about saving and about financial security has led her to be a rich person under many aspects. Or at least I assume so.

Let’s start with the fact that Jennie Garth appeared in 292 episodes of Beverly Hills 90210 running from 1990 to 2000, that’s a ten years total. Let’s consider for a moment that under a financial point of view she can only rely on the fortune she made with this series. 

In order to net her incomes, let’s consider that the amount of her revenues for season remained the same along the years.

Let’s take some standard assumptions, because in this exercise we want to determine not the actress’ exact financial position but a more general approximate picture.

If we assume that with Beverly Hills 90210, back in the 90’s she made $30.000 for episode, Jennie made about 8.760.000 in 11 years, that means an income of about $800.000 a year. Let’s take these 800k as her whole income from the year 1990 to 2000.

At this point we could ask ourselves how much of that big amount of yearly incomes has been spent and how much is left out for investments and what kind of investment she made.

Here we present some possible scenarios:

The first picture is the one in which the person is lured by easy money and she spends all she gets. She doesn’t have a buck for investing and so she won’t have any potential income source. If Jennie had made this choice, now for her it would be very hard because she had to work to support her family, not considering her Alimony check.

I really wish she doesn’t fall in this picture.

The second scenario can be defined almost as “hilarious”.

Let’s speculate that for every working year of her life she only spent 20% of her total income and the remaining 80% she invested it in a series of 1 bedroom apartment in Upper East side Manhattan.

If this is the picture, her lifestyle would had been more sober during her working years, because instead of spending $800k per year she would had spent $160k circa. That’s always $13k per month, which during the 90’s was big money.

In this scenario, in 11 years of work she would had saved about $7 million, with which, back in the 90’s she could had bought 29 apartments for an average price of 240.000 bucks each. In this scenario, today she would had an estate of more than $14 million and an average value for each apartment of about $500k.

If this was the case, today she would had automatic incomes for more than $500.000 per year.

Not too bad…..

The third scenario is even more sparkling.

Let’s speculate she saved the 80% of her pay, like in the New York apartments case. If during the 90’s she had bought a 1 bedroom apartment in the best area of the Rumenian Capital, Bucharest, she would had bought at an average price of $30.000 per unit and now she would had more than 230 apartments.

Averagely, in 2013 those Bucharest apartments have an estimated value of $130.000, so her assets today would had been of over $30.000.000 and it would give her about $1.000.000 per year.

In practice if she had saved her money and invested in Bucharest, today she would had greater incomes than those she made working for the whole Beverly Hills series.

Obviously investing in East Europe it’s kind of difficult and you have to have the right connections there, I mean you have to work with people you trust and it’s thanks to this sort of “entrance filter” that today you can still make interesting profits in a city like Bucharest. 

At this point I really wish Jennie had invested in real estate.

I conclude by saying that if during the 90’s, she had the same saving attitude she has today, at present she could had stayed with her family and spend quality time with her kids without worrying for anything.

She just by had to keep her account book right checking her incomes and outcomes.

I wish instead she did not let herself get caught in the wave of buying properties and making too much building improvements like it seems she did with her Toluca Lake home, because the market would not recognize her today, indeed it seems that home is still stuck on sale with the same pricetag.

In this article we saw how much important is saving your money, but how even more important is investing in real estate.

If you are interested on how to become a Retire Rich personality you can read my other articles or you can write me to: luigiemanuelefoscale@gmail.com . I will personally respond to your email as soon as possible.

 

Yours,

Luigi Foscale

 

P.S.

Why if Benjamin Franklin makes a statement everybody applauds, while whether a good looking female says the same thing the very same crowd puts her down? I would like to debunk the false myth that an attractive person cannot be also smart and intelligent on a several levels: financially because she knows how to manage her assets and emotionally because she stays home with her children. All my respect to the attractive women who are also clever and a big applause to my wife who gives me the inspiration for this article. In fact still at today the under-representation of women in influential position are still a problem, all over the world, and this is a very serious matter because if we keep women out of our game we give up a crucial human resource who can instead make an enormous difference in our own future.

 

 

 

Sting, Music & Business

 

In our past posts we examined how many big names with great incomes, went from riches to rag and died in poverty.

 

How many times you read of this and that superstar’s jewelry being sold in a public auction? 

 

Or how many times you read on the papers about that NBA star ending in jail for whatever reason?

 

Unfortunately there’s a number of these examples. 

 

If you want to know it all, the list is going to grow… indeed I would really like to reveal who’s the next basketballer who’s going to get broke. I really do but I hold it back. 

 

Luckly, there are some music stars instead who are not just world famous singers, they also are great businessmen.

 

These are the people we should admire because they have been both successful in their art as well as in their business career, and in some cases they made their real money in this last one.

Today we talk about Sting.

 

According to the Sunday Times, Sting is one of the richest artist of England. Obviously everyone can imagine he made some serious money, however instead of wasting it in shenanigans like many of his colleagues, our man invested in many real estate properties. 

 

His Real Estate list goes from NYC, London, Malibu and a number of properties in the countryside. 

 

One of these properties is of particular importance because other than being really beautiful is also profitable (please allow me this personal judgement) and it supports his image of businessman.

 

You read it right. It’s profitable, it helps in supporting his image and staying there is a real pleasure.  

 

How could this be possible? 

 

Well that’s very simple.

 

Sting is a great businessman and he was able to exploit his real estate qualities and bring them out to their top.

 

Let’s start with his Tuscan property he and Trudie Styler own in Figline Valdarno about 45 minutes southeast of Firenze, a 300 hectares property (about 741 acres) in the world’s most exclusive countryside. The farm is called Il Palagio, (the ancient Tuscan word for Palace, a word used during the Renaissance age) which they bought from the Duke Simone Vincenzo Velluti Zati di San Clemente. Sting and Trudy they get it restored and even expanded the property with more acres (today is about 900) and they converted all the farming to Biodynamics.

 

At the Palagio, they produce and sell wine, Extra virgin Olive Oil and honey. Obviously their main production is wine. They hired top professionals for their business as their viticulturist is Alan York, while their Enologist is the world famous expert Paolo Caciorgna. 

 

The property lies in one of the best areas of the Chianti. The property includes: farms, vineyards, historical buildings and from all the above listed elements combined we can conclude his food products are of the highest quality level. Indeed we know their wine and their organic olive oil are exported both in England and in the US and are sold in places like Harrods in London or Dean and Deluca in the US. 

 

A second key element is the land. Tuscany’s land is absolutely unique, there’s no other place in the world like the Tuscan countryside and you can talk to whoever has been there he can tell you he immediately fell in love with it. Many of them bought a home there and for many is a permanent holyday destination. This made Tuscany a world’s famous tourist destination. 

 

Of course there are other elements that made Tuscany famous abroad, Just consider the fact that the British Royals love Tuscany and when they want to spend some time there, they go visit their Tuscan peers, as still at today many land owners in the Chianti Regions are noble families who own their properties as part of their family old heritage. 

 

However, if we talk about creating value, what’s really smart is to link excellent food products from a world famous land to a world famous music star who campaigned for environmental issues countless times. 

 

What a better way to support the environment than apply biodynamic farming into your own land? Besides we know Trudie donates a percentage of all profits to the environmental causes she and Sting support, like the Soil Association, which promotes organic food and farming in the U.K., and the Rainforest Foundation, which the couple founded in 1989.

 

I really admire Sting for the way he managed to create his Tuscan business and how he did manage to communicate it. 

 

Investing in Tuscany can be really an excellent investment other than a real pleasure. 

 

At this point I wish you know you can follow this profitable wave of investing in Tuscany and if you are interested in it, you can write directly to myself at luigiemanuelefoscale@gmail.com 

 

I will be happy to help you out with whatever question you might have regarding investing in Tuscany.

Luigi Foscale

How to follow our Community on the Media

Dear Friends,

after a so big audience I recap you all the place you can follow our community:


@Facebook: www.facebook.com/retirerichfoscale

@Twitter: https://twitter.com/luigifoscale

@Financial Times: http://clippings.ft.com/luigifoscale

@Axet Real Estate Management Company: www.axet.net

@Youtube: http://www.youtube.com/watch?v=kpwlnavOk68


Stay tuned!

Luigi Foscale

Luigi Foscale on Eastern Europe

Why if in Italy a bank goes bankrupt nobody in the world would care about, while if maybe the island of Cyprus (whose value is equal to two Italian banks) the world seems to crumble?

This month I posed myself this question and I answered with what you can read below.

This article’s subject is aimed to show you how some of the weak economies could provide some inputs to reflect on.

We have examined a number of Eastern European economies and we compared them to the average West European data, and to the so called rich countries, among them: USA, UK, Germany, Finland, Denmark and Israel. 

 

Of these countries we have taken into consideration the number of inhabitants, the median age, the life perspectives, the unemployment rate, the total GDP, the GDP per capita, in the years 2010/11/12 and we also made a forecast. 

 

First of all we examined Poland. Among all the East European countries Poland is a relatively young country with 38,8 median age. It’s the 21st country in terms of GDP with $802 bn. The unemployment rate is of 20.7% that is particularly high. A positive element is the GDP per capita, that goes from 19,700 USD in 2010 to 20,500 in 2011 to 21,000 in 2012. 

 

The second country we picked up is Romania. A country with a large population with a youthful median age. Its GDP IS OF $274 bn, the 49th world’s economy. Even in this case the GDP per capita has grown from 12,400 to 12,800 since 2010 to 2012.  

 

The most meaningful data is the unemployment rate that is of 4,3% only, which is an excellent result if we consider the middle term perspectives.  

 

The third country we look into is Bulgaria that despite it has less inhabitants respect to Romania and Poland, it has grown its GDP per capita from 13,500 to 14,000 to 14,200 for the years 2010 /11 and 2012.

 

Greece has few inhabitants more than Bulgaria (10m vs 7m),however its data are negatives, because of the economic crises that crunches the country since a while. The unemployment rate is 24.4%. Almost a person over 4 is unemployed and he’s looking for a job. Besides, Greece has suffered an increasing continuous loss of its GDP per capita from 28,700 to 26,700 to 25,100.

 

Dramatic data. The drastic drop of the GDP per capita leads the country to have a contraction in their productivity, that is echoing in job cuts, first of all in the private sector. 

 

The private sector employees have a drop in their consumption, companies pay less taxes and the government has less budget also for public servants who are sent home. This way they create more unemployment and more crisis. The country appears to be in a self-feeding downward spiral with no chance of going upwards.

 

The GDP per capita increases in Poland, Bielorus, Bosnia, Bulgaria, Czech Republic, Hungary, Macedonia, Ucraine (+10% GDP per capita in 3 years!) Russia (+10% GDP per capita in 3 years!) and Azerbaijan. 

 

We’ll now analyze the numbers in terms of absolute value. Greece has a GDP o f 280, Poland 802, Romania 274, Israel 247, Finland 198, Denmark 208. 

 

If you look at the Rumenian GDP, you’ll notice that the Rumenian economy isn’t that small. This is due to three factors. A fiscal policy that sees an average taxation of 16% that allows the black market to surface in a natural way and not in a coercive way like it happens in the so called “rich economies”. 

 

Romania is an example of how you can take advantage from globalization, because since the end of the Communist era, back in the 90s, the local governments, have created the basis to attract foreign investors who brought there their production plants and chains. 

 

This led to a substantial growth of the GDP and a growth of industrial activities. In practice even governments are in competition among them to attract the good customers (foreign companies and investors).

 

Another data that is meaningful is unemployment. Let’s see the countries that we all consider as rich. The unemployment rate in Liechtenstein is of 2,8%, in Switzerland is 3%, Japan 4,4%, Austria 5,2%, Denmark 6,4%, Germany 6,5%, Finland 7,8%, USA 8,2%.

 

You think all these countries are rich?

 

Under a certain point of view you could affirm that in rich countries there’s a high employment rate. This is supported by an economy that produces products demand. In practice in rich countries demand supports jobs. 

 

So it’s better to invest in those countries which have a high employment rate?

 

Sure, because countries with high employment rate have average salaries that keep growing. Average salaries are connected to the residential real estate values. If we compare the average salaries with the real estate prices, you will notice that values are balanced. The average salary is a crucial indicator through which I decide where I am going to invest in real estate.

 

Now if I am telling you that Azerbaijan has an unemployment rate of 1%, Croatia of 3,4%, Russia 6%, Bulgaria 9,9, Romania 4,3%, you think these are business opportunities too?

 

While you are reading these words, if you already asked yourself if this giant world crisis was manipulated by someone, now you know it’s better to learn as much as possible, studying the economic data in order to have a clear idea of the situation. An idea that has to be yours only and not dictated by someone else.

 

If you don’t understand the numbers and you think they are difficult to grab, don’t worry, I want you to know that they are made difficult on purpose, because this way those in the government can better control their own interests. 

 

In the end it’s really Cyprus so scary with its 10 bn bailout, that is a bit more of what has been given to save an Italian bank or two years of property tax in Italy? 

 

Dear Reader open your eyes!

 

Luigi Foscale

Index

1. About us
After reading the following articles, you will know about my unique roots.
1.1. Index
1.2. Bio of Luigi Foscale
1.3. My Private Banking in Real Estate
1.4. How To follow our Community on the Media

2. The New Theory of Automatic Income
This Theory set a new Economic Law, and it's turning the Economic Markets upside down.

2.1. The end as the beginning

2.2. What's the Retire Rich

2.3. An important notice

2.4. Investment Philosophy

2.5. Live from Rentals
2.6. The Wealth & Health Manifesto

3. Psychology of Rich
Like an Iceberg, to see the visible, you must know that the IN-Visible part is much more bigger. In here we will make the IN-Visible, Visible.

3.1. Likes attracts Likes
3.2. The Physics of Money 

4. Success Stories
Learn by examples...

4.1. Learning from rich people’s biography
4.2. A Real Retire Rich Story (Engelbert Humperdinck)
4.3. Angelina Jolie and Brad Pitt did it too…
4.4. Article on Financial Times: 'We need US pioneer spirit'
4.5. Sting, Music & Business
4.6. Kelly Taylor of Beverly Hills 90210 is a positive icon for new generations

5. Luigi Foscale's 4-Step Strategy for Building a Real Estate Portfolio
This is a how-to guide to build up your Real Estate Portfolio.
5.0 Luigi Foscale's 4-Step Strategy for Building a Real Estate Portfolio 

5.1. Step 1: Control your mind

5.1.1 Luigi Foscale’s 4-Step Strategy for Building a Real Estate Portfolio – Step 1: Control your Mind

5.1.2. Luigi Foscale's 4-Step Strategy. Cool your system by Relaxing 15 minutes every single day

5.1.3. Luigi Foscale's 4-Step Strategy. The now factor

5.1.4. A bad feeling is a good feeling

5.1.5. It's up to you

5.1.6. What do you think about yourself?

6. Investing in Real Estate

Discover why Real Estate Investments are attractive now, and how to take profit; and discover all the know how from a international investor.
 

6.1. Do you remember how much TB used to pay? Did they really worth?

6.2. Why investing in today's stock market is very risky

6.3. Better than the lottery

6.4. Real Estate is the Secret

6.5. Buy or Rent? 

7. Financial Literacy

By reading this Glossary, you will learn how to read between the lines of any business media.
7.1. The new opportunity

7.1.1. What to teach our kids

7.1.2. Financial Literacy

7.1.3. The Retire Rich literacy is absolutely crucial

7.1.4. They taught us to be poor

7.1.5. Gain the Knowledge

7.1.6. Who can teach you how to become rich?

7.1.7. A good advice
7.1.8. Do you want to stay up-to-date?
7.1.9. Survival Handobook

7.2. Inflation

7.2.1. How Inflation works?

7.2.2. What should I do if a Great Inflation occurs?

7.2.3. The Best investment during High Inflation

7.3. Leadership

7.3.1. CNN on Leadership
 

7.5. Leverage

7.5.1. Is running into debts a dangerous practice today?
7.5.2. Is leverage still good?
7.5.3. "Yes, leverage is now good…"

7.6. Pensions

7.6.1. The truth on the pensions

7.6.2. The truth on the Pensions on Foscale's selection of Financial Times

7.6.3. Lost money...

7.6.4. Pension Funds have hidden fees 

7.7. Banks

7.7.1. Banks stopped Banking

7.7.2. The Bank always makes profits, even when you lose

7.7.3. The banks created the financial crisis so the banks should take the first step

7.7.4. New Banker defends predecessor!!!
7.7.5. Warm up banking article clipped on "Retire Rich by Luigi Foscale" on FT.com

 

8. New Age of Economy
This section shows the past from the future’s point of view, besides it will anticipate what happens next.

8.1. You Future, Now

8.1.1. Your future starts NOW

8.1.2. Is this a new era?

8.1.3. Are you ready?

8.1.4. The Future will be Low Cost, by Luigi Foscale

8.1.5. Now, you can create you future

8.1.6. The future of entrepreneurship is now

8.1.7. Time for investing is now

8.1.8. Simple investments
8.1.9. The time for Bargain is now

8.1.10. Low cost for 30-Year Debt. Is this a good time?

8.1.11. The future of Housing

8.1.12. CNN: "Rentals are Growing"

8.1.13. Strong Buy Ultracentral by Luigi Foscale
8.1.14. Home Prices Increase Again in July 2012 
8.1.15. The No Generation

8.2. The art of manage money

8.2.1. The bottom line on Investment

8.2.2. How to manage your money. Lesson 1

 

8.3. Win the Crisis

8.3.1. The historical moment: Crisis and Opportunity

8.3.2. Is today's scenario so severe?

8.3.3. In what Kind of Crisis we are?

8.3.4. Can business into debt find a way out?

8.3.5  Do you want to Profit from the crisis?

8.3.6. How can I take Advantage of the financial crisis?

8.3.7. The Subprime Crisis What’s our fault if we are in a crisis?

8.3.8. Is everyone in Crisis?

8.3.9. They create the situation and we pay. Is that fair to you?

8.3.10. Were the baby boomers really right?

8.3.11. Why talking about the crisis?

8.3.12. Is it fair we pay the crisis? What about the generation before ours?

8.3.13. What if this crisis was made on purpose?

8.3.14. However at this point who wants the crisis?

8.3.15. Are we in crisis or are we at war?

8.3.16. In this Economic War, I ask myself: how can we decide to invest in this chaos?

8.3.17. What’s our fault if we are in a crisis?

8.3.18. Lesson from the crisis

8.3.19. Hard times for Middle Class

8.3.20. How to Win over the Crisis

8.3.21. A Lesson from the Past 
8.3.22. Are you ready to get out from the crisis? If yes, keep reading 

9. On Markets

The point of view of a global player.

9.1. On European Union

9.1.1. Luigi Foscale on European Changes

9.1.2. Europe or Germany?

9.1.3. Emergency Exit

9.1.4. Finally

9.1.5. Euro on the closing of last day of third quarter 

9.2. On USA
9.2.1. US unemployment rate at 7,8%

9.3. On Russia and Friends
9.3.1. Luigi Foscale on Russia

9.3.2. The Black Sea: Crossroads of History 
9.3.3. Luigi Foscale on Eastern Europe

9.4. On Italy

9.4.1. If Italy Was a Company, It Would be Bankrupt

9.4.2. What can we do to restart Italy?

9.4.3. How to reboot Italy

9.4.4. In Italy it’s getting harder

9.4.5. Italy: Debt crisis or government waste?

9.4.6. Italy can’t stand political interference anymore

9.4.7. Italy is a rich country with poor laws

9.4.8. The truth on Italian Taxation

9.4.9. Italy is a controversial country 
9.4.10. The Italian Government’s insider trading 
9.4.11. Private Banking in Real Estate: It’s Italy time 
9.4.12. Europe expects Italy to speak only German 
 

10. Luigi Foscale Answer

If you have a question, write me at luigiemanuelefoscale@gmail.com ; the best questions will be published.

10.1. Luigi Foscale answers

10.2. Luigi Foscale Answers. To be or not to be.

10.3. Luigi Foscale answers on Real Estate Investments

10.4. Luigi Foscale answers. The school system could teach me to become financially independent? 
10.5. Luigi Foscale answer. Is it possible? 

11. Hall of Fame
Important news from Retire Rich by Luigi Foscale.

11.1. Our Clipping List on Financial Times is the most visited. Thank you 
11.2. Retire Rich by Luigi Foscale on Financial Times

Angelina Jolie and Brad Pitt did it too…

According to the L.A. Times the Jolie-Pitt have bought a huge farm in Italy. The couple joined a long list of celebs who found in Italy that special place where to secure their own investments.

The Jolie-Pitt family have bought Villa Costanza, a 4.4 acres property in the Valpolicella, the renown wine-production area in the Veneto Region.





Villa Costanza - Brad Pitt and Angelina Jolie



At present the Villa is named after the founder (Costanza Caldera from Bergamo) of the Religious institution that owns the property since 1953, The Pious Mothers of Negrizia.

 

The Saibante family were the property owners since the end of 1500 until the beginning of the last century, when they left the property for the family's extinction. Eventually the Monga family succeeded. Today's visible structures are datable to the early decades of the 1600. The Palace is an upside-down U shape with two façades. The main one has an outstanding body and two aisles which are perpendicular to it; the one facing north looks at a fountain with a marble group. On the ground floor we find a porch that goes along the three sides of the building. The west wing, that already embodied some cottages,it was eventually uplifted, while in the late 700 it was probably used as stable. The noble floor windows are rectangular-shaped, while the center of the facade sticks out with three giant windows decorated by a nun from the institute. The courtyard is closed by a little wall in which are set 6 mythological statues preceded by two tuff-made lions. On the inside there's a well which origins goes back to 1623. Inside the buildings there are two large halls, one with a Cotto pavement and another with a Soffitto a Cassettoni (Lacunar ceiling). The other in its central body and stuck off on the courtyard has a stucco decorated ceiling and walls frescoed with landscapes. Today is used as Chapel. In the first hall, that is decorated with frescoes by Verona born painter Paolo Ligozzi (1629), high pedestals prop up two telamons (colossal marble male figures used as columns,) holding up two Ionic Capitals upon which the roof beams are based.

 

Paintings of army leaders and of continents are plugged into fake niches and in the overdoors. From the ancient garden there's not much left out: the fountain and an artificial grotto. The park was devastated by the Germans during World War II. There are still a few architectural pieces from the collection of Andrea Monga.

 

The area is a world famous enotourism spot, whose grow is of stellar proportions thanks to its Amarone and the Spumante. Let’s not forget Valpolicella is just a hour drive from Venice, what could be a better connection between the dolce vita and a great real estate investment?

A growing number of celebrities and big investors are choosing Italy and first of all Tuscany to invest their assets but other regions are entering the target list and Veneto is obviously one of them and not just because of Venice. 



 

Let’s not forget Veneto is the home of the Palladian Villas, a series of XVI century properties designed by Architect Andrea Palladio for the wealthy Venetian Merchants of the Renaissance period. As many of you certainly know, the Villa Rotonda (or Villa Capra) by Andrea Palladio was taken by Irish Architect James Hoban as model for the project of the White House in Washington D.C.

Indeed all the Palladian Villas are protected by UNESCO as part of a World Heritage Site.

Although here is not just a matter of cultural heritage. As a matter of fact the very first reason for buying here is beauty, the beautiful landscape, the beautiful architecture, the monuments, the Palladian Villas, then there’s the wine, and the delicious food…

All these elements are tourism attractions and tourism brings money. That’s why buying a property in Veneto is a very valuable investment, because it’s a tourist attraction, and any property lying in any tourist spot has an additional value to its square meters.

A property in an Art city can be considered like an AAA bond thanks to the economy linked to it and the many people who come see it and who work with its visitors. A Coffee shop in front of the Arena di Verona will always be in business, like any other travel and lodging business in any classical tourist site. Is this brick culture or culture of brick?

In this case it’s both. The connection between culture and brick as investment is very profitable. If we follow the cultural economy equation we’ll find out:

Unique Culture = Interest = Tens of millions of Tourists = retail businesses that work = properties linked to Culture that are crowded = properties that return value.

Obviously you don’t have to be a millionaire to be part of this high return business.

Luckily also those who only have €100G can be part of this investment plan and regarding the growth, the sky’s the limit.

Besides investing in Italy which is the nation with the 90% of the world art heritage and the highest number of UNESCO protected sites, it also means having the chance of enjoying yourself the value of culture by enriching your knowledge (that never hurts) and more important by investing in highly valuable cultural sites you give the local economy a contribution to preserve the world’s heritage.

In the end, if you think like the Jolie-Pitt family, that Culture is a great investment form, and that buying a triple A real estate bond can be a profitable choice, you re on the right page.

You will find really Great Opportunities in Florence, (which by the way is the Queen of the world Art cities) starting from a few hundreds thousand Euros.

I personally invest in Culture-related properties and I find myself very comfortable with it.

Investing in Culture is the best investment you can do because it helps growing your pocket, your knowledge and your spirit too!!!

Luigi Foscale