Solar cost was about $23k, financed for 15 years at a 6.5% rate. no monies down.SoCal Edison charges me about $12/ mo for connectivity charges, my monthly bill on the panels is about $200 (same as i was paying before, but minus the giant summer a/c bills)As of now (10 months into my true-up period), i have about an $830 credit with Edison.

I know in a lot of European countries you have to pay all cash, you can't get a mortgage like in the US.

Also it hopefully gets the dirty dishes in a dishwasher instead of a giant stack in the sink. 

For example, I acquired a property in Phoenix to fund my purchase of a vacation home up north to escape the heat.I'll buy another property to afford my tricked-out WRX STI in the future, and a third one so I can take a European vacation every year with my family.I agree with your decision, but consider rewarding yourself again once you have more comfortable cash flow and there are more predictable signs of the direction of the economy and REI legeslature. 

I must say that I am a property investor that invests in European real estate market.

We are at a far greater risk from the European debt crisis.  

I once built a house with $10 k European refrigerators.

After reading up on the subject here on BP, seems as though the insurance giants don't offer it or are cobbling together a product that is not comprehensive enough, thus offering inferior coverage.

Check the price action of European banks.  

Just because it's way down, doesn't make it a better investment to you than if it was up.If someone had a property that you described as "a giant turd, with tenants" and "I wouldn't buy that property if it was $?????