And if this (crazy) person buys all these “bargain” units it will have to be very long term. ( the last property slump lasted more than 5 years and there was less construction then.) What will they do with them in the meantime? Rentals have hit the floor and will get worse because unemployment is rising fast. Taxes still need to be paid on empty units and they will need maintaining. Ever seen a spanish property that is not lived in and left 😯
I would say “no way, José”! Buy for pleasure but look on it as only an investment in improving the quality of your life.