Yet if you can buy it without a loan, and keep up on the maintenance then its a great idea. I would not buy here to turn around and rent. My two places I go back and forth to. My House I sold in the US was bought for 135K USD, Sold it 20 years later for 650K USD. My Stocks did not keep up with my house appreciation during that time due to the two hits the market took. Even though the housing bubble burst as well, it never affected my house based upon the facts of location, location, location. Buying a house/condo is not for everyone, but it does work out, well in my case it has.