Renting Parisian Dreams is Sometimes the Safer Bet

Share News:

Arc Small 1

Living in Paris is a dream for many people, but a dream financially unattainable.  It may also be that the vagaries of foreign property ownership and the added wrinkle of currency fluctuations are simply not for you.  I mean, while a property may appreciate, if the currency tumbles, appreciation can quickly turn to loss.  For example, in late 2008 the Euro was pushing $1.60. Today it’s nearer $1.05 … essentially erasing a third of its value in nine years.  As recently as the autumn of 2014, the Euro was hovering around $1.40, making for a precipitous loss is a short time … simply from currency. I can tell you that any Parisian market gains in no way offset the currency declines.

You want a second home, not a tax write-off.

Rent.

While I was in Paris last month, I had a perfect confluence of the stars.  CandysDirt.com friend and HGTV hostess Adrian Leeds was on hand to give a sampling of rental units. Also scoping out the market was Dave Perry-Miller agent Sharon Quist who was in town with a friend selling her Paris home.

Head over to SecondShelters.com for more.

Posted in

Jon Anderson is CandysDirt.com's condo/HOA and developer columnist, but also covers second home trends on SecondShelters.com. An award-winning columnist, Jon has earned silver and bronze awards for his columns from the National Association of Real Estate Editors in both 2016, 2017 and 2018. When he isn't in Hawaii, Jon enjoys life in the sky in Dallas.

Leave a Comment