What $1,500 gets you in Europe vs. the US for housing

k9bmkDEC@?8m(92E S`[d__ 86ED J@F :? tFC@A6 GD] E96 &$ 7@C 9@FD:?8k^DEC@?8mk^9bm

kAmx7 J@F 92G6 6G6C H@?56C65 H9J J@FC C6?E 3F586E D66>D E@ G2?:D9 72DE6C :? E96 &?:E65 $E2E6D E92? :E 5@6D 24C@DD E96 pE=2?E:4[ E96C6 2C6 64@?@>:4[ 4F=EFC2=[ 2?5 9:DE@C:42= C62D@?D 369:?5 E92E 766=:?8] %92E D2:5[ >2?J p>6C:42?D 2AAC64:2E6 E96 DA24:@FD =2J@FED[ >@56C? 2>6?:E:6D[ 2?5 H2=<\:? 4=@D6ED E92E @7E6? 567:?6 &]$] C6?E2=D[ 6G6? :7 E96J 4@>6 2E 2 DE66A AC:46] x? E9:D 8F:56[ k2 9C67lQ9EEADi^^9@FD:?82?JH96C6]4@>^Qmw@FD:?8p?JH96C6k^2m 6IA=@C6D H92E S`[d__ A6C >@?E9 24EF2==J 3FJD :? E6C>D @7 9@FD:?8 24C@DD tFC@A6 2?5 4@>A2C6D :E E@ H92E E92E D2>6 3F586E 86ED J@F :? 4@>A2C23=6 p>6C:42? 4:E:6D]k^Am

k9bm(9@ %9:D r@>A2C:D@? xD u@Ck^9bm

kAm%9:D 8F:56 :D 56D:8?65 7@C 2 D:?8=6 A6CD@? @C 2 4@FA=6 4@>7@CE23=6 =:G:?8 :? 2 DEF5:@ 2A2CE>6?E] xE :D ?@E 2:>65 2E 72>:=:6D H9@ ?665 >F=E:A=6 365C@@>D @C 324<J2C5 DA246D] x7 J@F 2C6 2 DEF56?E[ 2 J@F?8 AC@76DD:@?2=[ 2 5:8:E2= ?@>25[ @C D@>6@?6 4@?D:56C:?8 2 >@G6 23C@25 7@C 2 J62C @C EH@[ E9:D 4@>A2C:D@? H:== 96=A J@F F?56CDE2?5 H92E J@FC 9@FD:?8 3F586E 42? 24EF2==J 3FJ] |@C6 E92? b]h >:==:@? p>6C:42?D 4FCC6?E=J =:G6 23C@25[ 2?5 tFC@A6 92D 364@>6 2? :?4C62D:?8=J G:23=6 @AE:@? 7@C D:?8=6 A6@A=6 H9@ H2?E E@ 6IA6C:6?46 G:3C2?E 4F=EFC6D 2?5 5:DE:?4E =:76DEJ=6D H9:=6 >2I:>:K:?8 E96:C >@?6J]k^Am

kAmp <6J 724E@C :? E9:D 4@>A2C:D@? :D E92E >65:2? 62C?:?8D 5:776C 4@?D:56C23=J 36EH66? &]$] 2?5 tFC@A62? 4:E:6D[ H9:49 27764ED 9@H 277@C523=6 E96D6 C6?ED 766= E@ =@42= C6D:56?ED] (:E9 E92E :? >:?5[ E96 BF6DE:@? :Di (92E 5@6D S`[d__ 24EF2==J 3FJ 24C@DD tFC@A6[ 2?5 9@H 5@6D :E 4@>A2C6 E@ E96 &]$]nk^Am

kAmkDEC@?8mtFC@A62? r:EJ r@>A2C:D@? %23=6k^DEC@?8mk^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^:>286D^DE@C:6D^a_ae^_h^``^>@?E9=JTa_2G6C286Ta_DEF5:@Ta_C6?ETa_:?Ta_6FC@A62?Ta_GDTa_&$Ta_4:E:6D]A?8Q 2=ElQp 4@>A2C:D@? E23=6 @7 tFC@A62? 4:E:6D 2?5 E96 DEF5:@ C6?E2= AC:46D 282:?DE &$ 4@F?E6CA2CED]Q DEJ=6lQH:5E9i `__TQ ^mk7:842AE:@?mw@FD:?8p?JH96C6k^7:842AE:@?mk^7:8FC6m

k9bmk3C ^m#6?E !6C $BF2C6 u@@E r@>A2C:D@?k^9bm

kAm%@ F?56CDE2?5 E96 C62= G2=F6 @7 E96D6 C6?E2=D[ :E 96=AD E@ =@@< 36J@?5 E96 >@?E9=J AC:46 E28] %96 4@DE A6C DBF2C6 7@@E C6G62=D 9@H >F49 DA246 J@F 24EF2==J 86E 7@C J@FC >@?6J[ 2?5 E96 5:776C6?46 :D @7E6? DEC:<:?8]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^:>286D^DE@C:6D^a_ae^_h^``^C6?ETa_A6CTa_DBF2C6Ta_7@@ETa_:?Ta_6FC@A62?Ta_GDTa_&$Ta_4:E:6D]A?8Q 2=ElQp 4@>A2C:D@? E23=6 @7 tFC@A62? 4:E:6D 2?5 C6?E A6C DBF2C6 C2E6D 282:?DE &$ 4@F?E6CA2CED]Q DEJ=6lQH:5E9i `__TQ ^mk7:842AE:@?mw@FD:?8p?JH96C6k^7:842AE:@?mk^7:8FC6m

k9bmk3C ^mr:EJ\3J\r:EJ r@>A2C:D@?k^9bm

kAmkDEC@?8m':6??2[ pFDEC:2 GD] q@DE@?[ |2DD249FD6EEDk^DEC@?8mk^Am

kAm':6??2 766=D =:<6 2 4:EJ 7C@K6? :? :>A6C:2= 6=682?46[ H:E9 8C2?5 A2=246D[ H@C=5\4=2DD >FD6F>D[ 2?5 4@77669@FD6D E92E 92G6 9@DE65 :?E6==64EF2=D 7@C 46?EFC:6D] q@DE@? D92C6D E92E 9:DE@C:4 8C2G:E2D[ H:E9 :ED C65\3C:4< 2C49:E64EFC6 2?5 F?:G6CD:EJ\E@H? 6?6C8J] qFE H96? :E 4@>6D E@ C6?E[ E96 4@?EC2DE :D DE2C<] x? k2 9C67lQ9EEADi^^9@FD:?82?JH96C6]4@>^pFDEC:2QmpFDEC:2k^2m[ 2 DEF5:@ 8@6D 7@C €`[___[ @C C@F89=J S`[_g_] x? q@DE@?[ J@F H@F=5 ?665 23@FE Sa[d__] %92E 82A :D ?@E ;FDE 23@FE >@?6Jj :E :D 23@FE H92E J@F 42? 277@C5 E@ 5@ H:E9 E96 C6DE @7 J@FC A2J4964<[ H96E96C E92E >62?D 4@?46CED[ EC2G6=[ @C D:>A=J 6?;@J:?8 2 4:EJ E92E G2=F6D BF2=:EJ @7 =:76]k^Am

kAmkDEC@?8mqCFDD6=D[ q6=8:F> GD] (2D9:?8E@?[ s]r]k^DEC@?8mk^Am

kAmqCFDD6=D :D E96 BF:6E A@H6C 46?E6C @7 tFC@A6[ H96C6 :?E6C?2E:@?2= A@=:E:4D >66ED 4@KJ ?6:893@C9@@5D[ H277=6 DE2?5D[ 2?5 H@C=5\4=2DD 366C] (2D9:?8E@?[ s]r][ A=2JD 2 D:>:=2C C@=6 @? E96 p>6C:42? DE286[ H:E9 :ED 4@CC:5@CD @7 A@H6C 2?5 DAC2H=:?8 >@?F>6?ED] *6E E96 9@FD:?8 4@DED E6== 2 5:776C6?E DE@CJ] p DEF5:@ :? k2 9C67lQ9EEADi^^9@FD:?82?JH96C6]4@>^q6=8:F>Qmq6=8:F>k^2m C6?ED 7@C 23@FE €gdd[ @C Shab] x? s]r][ E96 D2>6 <:?5 @7 DA246 4@>>2?5D 2C@F?5 S`[gef] %92E 5:776C6?46 8:G6D qCFDD6=D C6?E6CD E96 =FIFCJ @7 DA24:@FD 2A2CE>6?ED H:E9 E2== H:?5@HD[ 9:DE@C:4 492C>[ 2?5 E96 23:=:EJ E@ =:G6 H6== H:E9@FE E96 7:?2?4:2= DEC2:?]k^Am

kAmkDEC@?8m!2C:D[ uC2?46 GD] }6H *@C<[ }6H *@C<k^DEC@?8mk^Am

kAmu@C 2?J@?6 H9@ 92D 5C62>65 @7 =:G:?8 :? 2 4:EJ E92E 766=D =:<6 2? @A6?\2:C >FD6F>[ !2C:D 56=:G6CD] xED EC66\=:?65 3@F=6G2C5D[ 4@C?6C 427éD[ 2?5 :4@?:4 =2?5>2C<D 4C62E6 2 C9JE9> E92E :D 92C5 E@ C6A=:42E6 2?JH96C6 6=D6] }6H *@C< 92D :ED @H? 6?6C8J[ 72DE 2?5 C6=6?E=6DD[ H:E9 2>3:E:@? 2C@F?5 6G6CJ 4@C?6C] q@E9 2C6 8=@32= 42A:E2=D[ 3FE E96 4@DE @7 6?ECJ :D 5C2>2E:42==J 5:776C6?E] p DEF5:@ :? k2 9C67lQ9EEADi^^9@FD:?82?JH96C6]4@>^uC2?46QmuC2?46k^2m C6?ED 7@C 23@FE €`[b__ A6C >@?E9[ @C C@F89=J S`[c_c] x? }6H *@C<[ J@F H@F=5 ?665 ?62C=J Sb[c__ 7@C D@>6E9:?8 4@>A2C23=6] %92E 6IEC2 Sa[___ 2 >@?E9 :D ?@E ;FDE 23@FE DA246j :E :D 23@FE H92E J@F 42? 5@ H:E9 E96 7C665@> @7 2 =@H6C C6?E]k^Am

kAmkDEC@?8mq6C=:?[ v6C>2?J GD] !@CE=2?5[ ~C68@?k^DEC@?8mk^Am

kAmq6C=:? 92D =@?8 366? 2 >28?6E 7@C 2CE:DED[ >FD:4:2?D[ 2?5 2?J@?6 =@@<:?8 7@C 2 4:EJ E92E G2=F6D 4C62E:G:EJ @G6C A@=:D9] xED H:56 3@F=6G2C5D[ DAC2H=:?8 A2C<D[ 2?5 8C:EEJ\49:4 ?6:893@C9@@5D @776C 2 =:76DEJ=6 E92E 766=D 3@E9 C6=2I65 2?5 6=64EC:4] !@CE=2?5 D92C6D E92E :?56A6?56?E[ @77362E DA:C:E[ 3FE E96 AC:46 E28 E6==D 2 5:776C6?E DE@CJ] x? k2 9C67lQ9EEADi^^9@FD:?82?JH96C6]4@>^v6C>2?JQmv6C>2?Jk^2m[ 2 DEF5:@ 8@6D 7@C 23@FE €`[a__ >@?E9=J[ C@F89=J S`[ahe] !@CE=2?5VD 6BF:G2=6?E :D 4=@D6C E@ S`[d__] %92E D=:89E 6586 :? q6C=:? 3FJD J@F ?@E ;FDE 2 9@>6[ 3FE 2 4:EJ H96C6 9:DE@CJ 2?5 >@56C?:EJ 4@==:56 2E 6G6CJ 4@C?6C]k^Am

kAmkDEC@?8mqF52A6DE[ wF?82CJ GD] !9:=256=A9:2[ !6??DJ=G2?:2k^DEC@?8mk^Am

kAmqF52A6DE :D 2 4:EJ @7 8C2?5 3@F=6G2C5D[ @C?2E6 3F:=5:?8D[ 2?5 2 =:G6=J 4F=EFC2= D46?6 2=@?8 E96 s2?F36] xED ?6:893@C9@@5D >:I 9:DE@C:4 427éD[ CF:? 32CD[ 2?5 C:G6C G:6HD[ 8:G:?8 :E 2 >:I @7 @=5\H@C=5 6=682?46 2?5 J@FE97F= 6?6C8J] !9:=256=A9:2 >2<6D 7@C 2 ?2EFC2= 4@>A2C:D@?] xE :D 2=D@ 2 4:EJ H:E9 566A 9:DE@CJ[ 2? 2CEDJ G:36[ 2?5 2 D46?:4 H2E6C7C@?E E92E 2?49@CD >F49 @7 =@42= =:76] x? qF52A6DE[ 2 DEF5:@ C6?ED 7@C 23@FE €eh_ A6C >@?E9[ @C C@F89=J Sfcd] x? !9:=256=A9:2[ E96 2G6C286 DEF5:@ 4@DED 2C@F?5 S`[fcg] %92E >62?D 2 DEF5:@ :? k2 9C67lQ9EEADi^^9@FD:?82?JH96C6]4@>^wF?82CJQmwF?82CJk^2m 4@DED C@F89=J dfT =6DD E92? 2 4@>A2C23=6 F?:E :? !9:=256=A9:2] qF52A6DE C6?E6CD 86E 7F==\D:K65 2A2CE>6?ED H:E9 9:89 46:=:?8D[ 4=2DD:4 56E2:=D[ 2?5 C@@> E@ 3C62E96 :? 2 4:EJ E92E 766=D 3@E9 9:DE@C:4 2?5 >@56C?]k^Am

kAmkDEC@?8m|:=2?[ xE2=J GD] $62EE=6[ (2D9:?8E@?k^DEC@?8mk^Am

kAm|:=2? >@G6D 2E E96 A246 @7 2 8=@32= 72D9:@? 42A:E2=[ D=66< 2?5 56D:8?\@3D6DD65] xED DEC66ED 2C6 =:?65 H:E9 D9@HC@@>D[ 82==6C:6D[ 2?5 D@>6 @7 E96 36DE 5:?:?8 :? tFC@A6] $62EE=6[ 3J 4@?EC2DE[ :D 2 E649 2?5 4@7766 9F3[ H:E9 2 >@@5J[ 4C62E:G6 6?6C8J 2== :ED @H?] q@E9 4:E:6D 2EEC24E 2>3:E:@FD AC@76DD:@?2=D[ 3FE E96 C6?E 82A :D D:8?:7:42?E] p DEF5:@ :? k2 9C67lQ9EEADi^^9@FD:?82?JH96C6]4@>^xE2=JQmxE2=Jk^2m 4@DED 23@FE €`[`__[ @C S`[`gg] $62EE=6VD 2G6C286 :D S`[cbg] %92E 5:776C6?46 8:G6D |:=2? C6?E6CD C@@> E@ 6?;@J E96 4:EJVD 4F=EFC2= C:496D H:E9@FE DEC6E49:?8 E96:C 3F586E E@ E96 =:>:E]k^Am

kAmkDEC@?8m#@EE6C52>[ }6E96C=2?5D GD] w@FDE@?[ %6I2Dk^DEC@?8mk^Am

kAm#@EE6C52> :D 2 4:EJ @7 3@=5 2C49:E64EFC6[ 3FDJ A@CED[ 2?5 2 C6D:=:6?E[ 7@CH2C5\=@@<:?8 DA:C:E] xED D<J=:?6 :D 7:==65 H:E9 >@56C? E@H6CD[ :ED DEC66ED 2C6 3:<6\7C:6?5=J[ 2?5 :ED 4F=EFC2= D46?6 E9C:G6D :? 7@C>6C H2C69@FD6D 2?5 :?5FDEC:2= DA246D] w@FDE@? D92C6D #@EE6C52>VD :56?E:EJ 2D 2 >2;@C A@CE 4:EJ 2?5 6?6C8J 9F3[ H:E9 2 5:G6CD6 A@AF=2E:@? 2?5 2 DAC2H=:?8[ 42C\56A6?56?E =2J@FE] p DEF5:@ :? E96 k2 9C67lQ9EEADi^^9@FD:?82?JH96C6]4@>^}6E96C=2?5DQm}6E96C=2?5Dk^2m 8@6D 7@C 23@FE €hfd[ @C S`[_db] x? w@FDE@?[ E96 D2>6 <:?5 @7 DA246 4@DED 2C@F?5 S`[`gd] %92E >@56DE D2G:?8D :? #@EE6C52> 3FJD J@F 2 >@C6 4@>A24E[ 3:<623=6 FC32? =:76 H:E9 tFC@A62? 7=2:C]k^Am

kAmkDEC@?8m{:D3@?[ !@CEF82= GD] pFDE:?[ %6I2Dk^DEC@?8mk^Am

kAm{:D3@? :D 2 4:EJ @7 9:==D[ E:=65 724256D[ 2?5 2 D=@H[ DF?\5C6?4965 C9JE9> E92E 92D 5C2H? 6IA2ED 2?5 5:8:E2= ?@>25D 7C@> 2C@F?5 E96 H@C=5] xED DEC66ED 2C6 7:==65 H:E9 E96 D@F?5 @7 u25@ >FD:4 2?5 E96 D>6== @7 7C6D9 D627@@5] pFDE:? D92C6D E92E 4C62E:G6 6?6C8J 2?5 2 3@@>:?8 E649 D46?6[ 3FE 2E 2 9:896C 4@DE] x? k2 9C67lQ9EEADi^^9@FD:?82?JH96C6]4@>^!@CEF82=Qm!@CEF82=k^2m[ 2 DEF5:@ C6?ED 7@C €`[_d_[ @C S`[`bc] pFDE:?VD 2G6C286 :D S`[`gh] %96 82A >2J 36 D=:>[ 3FE {:D3@? @776CD D@>6E9:?8 pFDE:? 42??@Ei 2 5:DE:?4E=J tFC@A62? =:76DEJ=6[ 4@>A=6E6 H:E9 A2DE6=\4@=@C65 DEC66ED[ @462? G:6HD[ 2?5 2 A246 E92E 6?4@FC286D =:?86C:?8 @G6C 2 >62=]k^Am

kAmkDEC@?8mq2C46=@?2[ $A2:? GD] $2? s:68@[ r2=:7@C?:2k^DEC@?8mk^Am

kAmq2C46=@?2 :D 2 4:EJ E92E D66>D E@ 6I:DE :? A6C>2?6?E DF>>6C >@56[ H:E9 DF?\5C6?4965 362496D[ v@E9:4 2==6JD[ 2?5 2 ?:89E=:76 E92E DEC6E496D :?E@ E96 62C=J 9@FCD] $2? s:68@ @776CD 2 D:>:=2C 4@2DE2= 492C>[ H:E9 A6C764E H62E96C 2?5 2 =2:5\324< 2EE:EF56] qFE E96 4@DE @7 E92E =:76DEJ=6 :D ?@E E96 D2>6] x? k2 9C67lQ9EEADi^^9@FD:?82?JH96C6]4@>^$A2:?Qm$A2:?k^2m[ 2 DEF5:@ C6?ED 7@C €`[aed[ @C 23@FE S`[bee] x? $2? s:68@[ J@F H@F=5 A2J 2C@F?5 Sa[a__] %92E 5:776C6?46 2==@HD q2C46=@?2 C6?E6CD E@ EC256 D@>6 DBF2C6 7@@E286 7@C 2 32=4@?J @G6C=@@<:?8 E96 |65:E6CC2?62?[ E2A2D 32CD 5@H?DE2:CD[ 2?5 2 4:EJ E92E 46=63C2E6D =:76 2E 6G6CJ EFC?]k^Am

kAmkDEC@?8m(2CD2H[ !@=2?5 GD] !:EED3FC89[ !6??DJ=G2?:2k^DEC@?8mk^Am

kAm(2CD2H :D 2 4:EJ @7 C6D:=:6?46 2?5 C6:?G6?E:@?[ H:E9 2 D<J=:?6 E92E >:I6D $@G:6E\6C2 E@H6CD[ >@56C? 8=2DD D<JD4C2A6CD[ 2?5 2 362FE:7F==J C63F:=E ~=5 %@H?] xED DEC66ED 2C6 7:==65 H:E9 4276D[ :ED A2C<D 2C6 =FD9[ 2?5 :ED 4F=EFC2= D46?6 :D E9C:G:?8] !:EED3FC89 >2<6D 7@C 2 8@@5 p>6C:42? 4@>A2C:D@?] q@E9 2C6 4:E:6D E92E 92G6 EC2?D7@C>65 E96>D6=G6D[ (2CD2H 7C@> A@DE\H2C C64@?DECF4E:@? E@ 2 >@56C? tFC@A62? 42A:E2=[ 2?5 !:EED3FC89 7C@> DE66= E@H? E@ 2 9F3 7@C E649 2?5 >65:4:?6] p DEF5:@ :? k2 9C67lQ9EEADi^^9@FD:?82?JH96C6]4@>^!@=2?5Qm!@=2?5k^2m 8@6D 7@C 23@FE €gd_[ @C C@F89=J Sh`g] x? !:EED3FC89[ 2 DEF5:@ 4@DED 2C@F?5 S`[a__] %92E >62?D 2 DEF5:@ :? (2CD2H 4@DED 23@FE abT =6DD E92? 2 4@>A2C23=6 F?:E :? !:EED3FC89] (2CD2H C6?E6CD 86E 2 >@56C?[ H2=<23=6 4:EJ H:E9 6I46==6?E AF3=:4 EC2?DA@CE[ 2 9:89 D276EJ :?56I[ 2?5 2 G:3C2?E 4F=EFC2= D46?6[ 2== 2E 2 D:8?:7:42?E=J =@H6C 4@DE E92? :ED p>6C:42? 4@F?E6CA2CE]k^Am

kAm(92E S`[d__ 3FJD :? tFC@A6 :D ?@E ;FDE 2? 2A2CE>6?E] xE 3FJD 2 =:76DEJ=6] xE 3FJD >@C?:?8D 2E 2 =@42= >2C<6E[ 6G6?:?8D 2E 2 ?6:893@C9@@5 427é[ 2?5 H66<6?5D 6IA=@C:?8 DEC66ED E92E 92G6 DE@@5 7@C 46?EFC:6D] xE 3FJD E96 7C665@> E@ =:G6 H:E9@FE 2 42C[ E@ H2=< E@ H@C<[ 2?5 E@ 766= =:<6 J@F 2C6 A2CE @7 2 4:EJVD C9JE9> C2E96C E92? ;FDE A2DD:?8 E9C@F89]k^Am

kAmu@C p>6C:42?D E:C65 @7 D<J\9:89 C6?ED 2?5 =@?8 4@>>FE6D[ tFC@A6 @776CD 2 5:776C6?E H2J @7 =:G:?8] xE :D ?@E 7@C 6G6CJ@?6] $@>6 A6@A=6 ?665 E96 DA246[ E96 DE@C286[ 2?5 E96 324<J2C5] qFE 7@C E9@D6 H9@ G2=F6 6IA6C:6?46 @G6C DBF2C6 7@@E286[ S`[d__ 8@6D 2 =@?8 H2J] xE 8@6D 36J@?5 C6?E] xE 8@6D :?E@ E96 723C:4 @7 52:=J =:76]k^Am

kAmk6>m%9:D DE@CJ H2D AC@5F465 3Jk^6>m k2 9C67lQ9EEADi^^9@FD:?82?JH96C6]4@>^Qmk6>mw@FD:?8p?JH96C6k^6>mk^2m k6>m2?5 C6G:6H65 2?5 5:DEC:3FE65 3Jk^6>m k2 9C67lQ9EEADi^^9F3D]=2^"_b<=8$#_Q C6=lQ?@7@==@HQmk6>m$E24<6Ck^6>mk^2m]k^Am