Then everything should be smooth there.After doing more research I have discovered that the reason banks will not allow this type of financing is because most major financing institutions sell their notes to the secondary market.

I think the focus was on affordability of purchasing the property itself which appears to be pretty well unattainable in most major metros around the globe.The biggest takeaway for me is that the study pretty conclusively shows that less government intervention in the housing market leads to more affordable housing options.

Our culture emphasizes independence, which doesn't bode well for the philosophy that we will have European-style multi-family households.

In reply to financeexaminer: I will speak for Florida and most major cities and major banks - Wells, BOA, Chase, SunTrust, TD, etc NOT ONE loan officer can approve a portfolio loan or any loan for that matter.

I believe this market has a huge upward potential as you can see the rising number of eastern Europeans in ski resorts in Austria and France. 

Most major banks, including Chase and Citibank use Zelle to communicate to one another.

Absolutely not true about ethnic eats... especially if you have any interest in Eeastern European, or south of the border... and don't forget, West side market is on the west side.there are a dozen Ukrainian markets on State Road alone.

For a refresher on world/European history:14th-17th century.

Eddie made a very good point about European culture and the EU in another thread that I can't find.

There was a time when a development in FL was 60% European ownership.