Amelia (Spain)

Buying a home is not a "get rich quick scheme." A home is a place to live and you have to do the math and buy what you can afford. Don't buy a mansion if you don’t have the money. It's the same for a renter. You should not get into a luxury rental if you cannot afford it. Just like a home, if you miss payments you’ll be out on the street.

A man passes real estate signs showing sold properties in Madrid, Sept 8, 2014. [Photo/Agencies]