Brazil is obvious but Poland is a bit troublesome. For an $800 difference you get the worries of ownership and the headaches of who's going to be hired to do the maintenance.

But your analysis is sound. I remember in 1989 I read an article like this and did the calculations and came to the conclusion my $450K house was worth $250K based on the rental rates. That article said if that's the case either the rent has to go up or more likely the house is going down. The guy across the street from actually was renting his very similiar house for the $250 valuation. That was startling when I was sitting on $450K. The advice was plain. Sell the house and rent the house across the street. Didn't do that, of course. Whoever does? In 1996 we sold that house for $260K. And this was in Los Angeles.