Final Presentation

Post date: Dec 12, 2017 4:55:28 PM

On Monday, we had our final presentation! We have concluded that an average couple can purchase a 300,000 euro home with the help of Casa Peota and Fairbnb by renting out a room 12 days a month!

We also had the distinct pleasure of being mentioned in the December 12 copy of La Nuova, a Newspaper in Venice! If you would like to learn more about our project, the link to the article about us is below!

Click Here to Read the Article

Here is the translated version as well:

(Note: this was translated using Google Translate)

Waiting to find out what will be the first start up that the Venice Project Center launches for 2018, the American students of the Venetian teacher Fabio Carrera have illustrated their projects for the city. Ideas for how to buy a home using the presence of tourists, crowdfunding to restore stones and monuments and much more. << I am very satisfied with the work they have done >> he said after the presentations at the Scoleta dei Calegheri << Thanks to them I got to know my city even more. Next year, on the occasion of the celebrations of the 30th anniversary of the VPC, we will publish thirty booklets with the studies made >>. Carrera has managed to create in these decades a beautiful alliance between Venetians and Americans, also supported by many residents, such as Count Girolamo Marcello, who died a few days ago. Before the opening of the presentation, a minute's silence was held to remind him: << He was a great supporter >> tells Carrera << Our work always followed and we will dedicate every publication to him >>. Next year these ideas will become start-ups, but the first will be unveiled only at the end of December. Meanwhile, yesterday we presented a project that could take off, given the interest that has also gained among some banks. It is called "Casa Peota" and was developed by Samantha Smith, John Cerce, Erick Moo and Charles Steele. The basic concept is to host tourists for 12 days a month and pay the mortgage with that money. The sum for leaving would be given precisely by the Casa Peota, a sort of cash loans that would act as guarantor. Let's take an example. Imagine two young people with a total average income of 44 thousand euros per year. The two are young, but want to stay in the city and start a family.

They find a house with two bedrooms and two bathrooms worth 300 thousand euros. They go to ask the "Casa Peota" for a loan and they are reliable. They therefore receive a basis for the loan of around 60 thousand euros. At that point for 12 days a month they rent the room to tourists for an average of about 100 euros per night. That money goes directly for the expenses of the mortgage, with an average of 1200 euros per month. << Obviously it has to be studied in details >> they explained << but the juice and this. If there is a roof of days the loan is extended but in this way the young people could imagine living in Venice, they would have tourists for 12 days a month, but after a few years they would have their own home >>. The mode is similar to that of Airbnb, but in fact the reference and Fairbnb, the platform with ethical principles that uses the mode known by rules and principles, such as the obligation of a certain period of rent, invest at least 50% of revenue in local and sustainable projects. << There are banks that have shown interest >> said Carrera << Now let's see how to proceed, but it is more than feasible >>. The other projects, partly presented last week, concern tourists and mobilize. For transport, the students John Bonina, Sean Cody, Michael Panicci and Katherine Smith, have studied how they work rii and channels, noting that the time disk is not used, there is no signage of the armchairs, many do not respect the parking time. Their idea is to insert an application and reserve the place by phone, so that even the guards can see via app and give the fines. The latest project, inspired by an idea of ​​M5S and realized by Joseph Crognale, Air Elfenbein, Justin Korn, Benjamin Mart, and the creation of ZTL zones in Venice in order to tax every tourist who arrives by taking a means of transport.