Nope - it's not. And for me also the Paypal behavior is broken, as I'm resident of multiple countries. Just wanted to point out that the above statement about Paypal was wrong.

For a positive example look at the Google Play Store: The apps that I bought in one country are available in any other country. The only exception are apps that aren't available in a given country. They don't disappear from my phone, but I can't update/reinstall them until I'm in a country where they are available

No, it's not reasonable from an end-user perspective. Certainly not. But attributing this restriction to malice aforethought is just ridiculous.