I am not superstitious. So, I have always been fascinated by real estate discounts due to deaths on a property. In many states, material facts must be disclosed and the standard is for any deaths on a property within the past three years count. I would happily pay a discount and hold it for long enough to season a property beyond the three year materiality standard. So, where can I find the world's biggest discount based on superstition?
This island is located right outside of Venice, is on the market, and the current high bidder is at 513,000 euros (around $700k). This is an amazing opportunity. It is a gorgeous island right outside of Venice and would make for a perfect little Mediterranean pit stop for sailors. The Italian government is strapped and they have to sell. I always love sellers in a crunch. A beautiful 17-acre island near Venice for under a buck? Yes please.
Catch? It is the world's biggest price discount due to superstition. It was quarantined due to the plague and subsequently used as a mental asylum. Ghosts are reputed to haunt the island. However, I assign a 0% probability to the island actually being haunted, which leads to these attributes being over weighted in the market price. Yes it is a bit of a fixer upper, but it isn't haunted.
The Italian government is selling another 148 properties and hopes to raise about half a billion Euros in the process; you might find some other bargains in the pile (but please don't bid on mine!).