Interesting perspectives on living in the US vs Europe

The commentary is that Americans have bigger homes, because Americans have higher incomes and a better standard of living:

There is more to life than money, but Americans who have primarily spent time in other countries as expats, students or tourists often have a very weird idea of what life in Europe is like. They consume way, way less than we do, and not just of fancy baubles. https://t.co/WUpHVc4CFk

— Megan McArdle (@asymmetricinfo) December 14, 2024

Others note that Americans can live like Kings in many parts of the world because of the very strong U.S. dollar. Americans tend to have income in U.S. dollars and then get to spend them in a country where the currency exchange strongly favors the value of the dollar- thus the local economy is inexpensive to Americans but not cheap for locals who earn income in the local currency.

I have zero experience living outside the U.S. so am unable to have a useful perspective on whether the above is true or not. I have spent one 2-week vacation trip in the Netherlands, and one 3-week vacation trip (1-week in Iceland, 2 weeks in Norway) – which is so short as to teach me little.