My wife will hopefully be getting an Italian passport next year, which would make it a lot easier.

The big downside would be being so far from family and friends. That might keep us from moving there full time. But if we can swing it financially, I could see us getting a little 2BR place in Italy or Iberia and spending winters over there, using it as a base to travel around.

European demographics are bad enough that I’d bet property prices outside the bigger metro areas or big tourist spots are probably reasonable. Just find a smaller town with character (which is most places in Europe) that’s on a train line, and I could be happy.