We all know house and rent cost are high even still after the housing market crash. I was watching a couple of episodes of International Homebuyers or whatever the show is called. In one episode there were 3 houses by the beach but in remote Panama. The houses ranged from $800k to $1.4M in remote Panama! They weren't particular big houses from 3k sqft to about 5k. One didn't even have a pool and one had a very small lot. It seems for that kind of money you could get a similar house on a Florida or California beach. In the next episode the couple wanted to relocate to Italy. They had only a $60k budget so had to look in a very very small remote old town. The first house was $100k and didn't have heat or a kitchen and need repairs and remodeling. The 2nd house was about the same and looked like an old cave inside. The last the one they picked was 40K one bedroom and basically a small dump with no heat. All three of the hosues appeared to be hundreds of years old. The third epsiode a family wanted to move from S. Africa to Sidney Australia. All three house were $880k-$930k. None of these houses were by the beach or anything like that. Just normal houses. They picked the 40 year old $880k house. Does this not sound nuts? Where do they think people are going to get nearly a million dollars to buy a pretty average house?