If you think keeping money in your backyard keeps you financially safe, just remember how that did not workout in Greece.

im in greece, Bathtub billies Tuesday night, say about 6 30?  

Or you could buy powerball tickets with the very highest of risk.Part of the problem with this analysis is you yourself have to determine what the risk level for each of the investments but many people (especially on BP) would tell you that purchasing a place where people can live has much lower risk than some of the other options. 

I bought a 2 bedroom 2 bath cape cod style house back in April of 2018 in Greece NY for $47,000.

What I have found when speaking to attorneys on 1st position notes and getting a deficiency judgement is it can cost $1,000 - $3,000 to get the judgement, and unless they have other properties as collateral your chances of seeing that $ is slim to none and slim left town or you hope slim hits Powerball or megamillions.

We left USA all together when i was 5 and we went back to Greece.

A little bit about me: I'm originally from Greece but I've been living in LA the past 11 years.

Hello to this great community, I'm glad I finally found a community around real estate.Well to introduce you, my name is Stelios 32 yo from Heraklion, Greece(Crete Island), married with 1 kid.As for Real Estate, right now I'm working on buying 2 studio apartments in my area(Heraklion).According to my newbie research in the area, the market in my town must be right now in phase 1 but I'm not 100% sure, to be honest.Bureaucracy alone is one hell of work in my country and I already work 3 months on fixing papers, waiting for tax systems to unlock so we can get some tax papers needed and much more things...Well to consider numbers, the 2 apartments are in the center of my town and they are both sold at the deep discount of 23600€ right now if you ask me this is a very rare price.

I had no choice but to go along or not sell our house, because EVERYBODY was doing it.The Greeks in Greece never thought the bottom would fall out of a rotten society.

Even the ceiling is wallpapered.I came into this from renovating masonry apartments in Greece.