Anna who bought a house in Iceland is a friend of mine, so I can provide some additional background. She has a full time+ job in NYC, so moving upstate would take her away from that job, which doesn't really exist outside of major metropolitan areas. She went to Iceland a few years ago and fell in love, and started going a few times a year - flights can actually be quite cheap, and she doesn't live very far from the airport. So she decided to invest in an apartment there. She rents it out most of the year and then has a stable place to go with the kids when they do make it over.