Why is the life of Italian nobility available to buy in bulk? The NY Times recently reported that Italy's well-rooted inherited wealth has withered in a time of lingering economic trouble with cuts on government subsidies to maintain historic properties and at the same time, an increase in taxes on historic buildings by 20 or 30 times since 2011 depending on the area.
Times are tough for Italian castle and estate-owners today, who were in many cases raised on these properties that have been in their families for generations, inheriting them whether they can afford them or not– and recently, it certainly seems to be more of the latter.
Source: http://www.messynessychic.com/
