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.

Check the price action of European banks.  

Just let me know when it's close to pack my toothbrush and European Speedo :) ... 

Partner is European and I’m American. 

I would also put a plug in for flipkey.com, which has drawn more of a Canadian/European market for my vacation rental.

I like the more European approach of get three bids and take the middle when basing the decision solely on price and not value.For the record though, if Adolf Hitler came to me and asked for a bid to build a concentration camp it would most certainly be met with resistance.

Each summer an influx of eastern European students descend on the OBX for work opportunities and the local businesses enjoy the "work ethic" of the Euro students.