American housing market now. Article. Some foreigners are being sold on American real estate for what seems like very low prices. But don't buy anything you haven't seen and investigated. Some areas are so bad you can't even give away a house. Many properties are simply abandoned.
So much for the old line that real estate is the only "safe investment". Some say "they ain't making more of it". That may be right, but for a few generations yet, there's plenty. You can live in Death Valley or Siberia or Sahara for free. Meteorites fall on the Earth all the time, but how often does one hit a human?
What you pay for is not the space, but civilization.