Buying Condo overseas

[Anonymous]

No, it makes no sense. He can’t afford it. Very little savings and not enough money to put down. It will be hard if not impossible to get a mortgage backed only by social security from another country. Buying is significantly more expensive than renting.

[Anonymous]

Men is old, active, worked all his life, has some savings, lives in a low cost country, has legal status there, has monthly income, let him buy if it gives him some sense of hope and future. At this age, looking forward to future is a priceless return on investment.

[Anonymous]

Don't put any of your money in it but let him play with his money.

[Anonymous]

Anonymous wrote:Men is old, active, worked all his life, has some savings, lives in a low cost country, has legal status there, has monthly income, let him buy if it gives him some sense of hope and future. At this age, looking forward to future is a priceless return on investment.

Plus, unless he's mentally incapacitated, he's an adult with the right to make his own decision.

[Anonymous]

He only has $50k in savings? No way should he buy.