This may seem silly but many Europeans don't even have the same appliances, heating systems, sewer systems, etc.

We have a better debt to income ratio than several of our European counterparts.

Unlike Greece or Spain who are part of the European Union and cannot print Euros, we create wealth by infusing liquidity and our economy expands. 

More and more Russian and Easter European money are either moving or investing here.

There may still be a window where buying makes more sense; especially if you buy a property that does not have rental restrictions - many Europeans come for a month or two during the summer.