If you had a choice betwee buying a house in europe, or small apartment in America, what would you chose?

Question

Just comparing prices, it makes sense to relocate to a part of Europe where the houses are cheap.. then to pay the same for an apartment in America.
I would buy a housein Europe instead, even if I couldnt relocate, I would lease that house to some family, and have extra income.. it would pay off overtime, I think.

Answer 1

Hands down Europe...

Answer 2

Here are several things to consider when weighing both localities:

1/ What is your long term goal? Buying a vacation home abroad can be good if you go their often enough.....

2/ What are the legal & tax implications of being a foreign buyer? Both in regard to U.S. law and the foreign countries laws.

3/ What is the level of ease in raising financing as a foreign buyer? Most U.S. bank's will not finance real estate outside the country so unless you can offer collateral located domestically as collatarel or can raise financing abroad, this may be tough.

Answer 3

Most definately a house in Europe...I lived there for a few years and loved absolutely every minute of it...