Your Paris Portfolio?…No Panic




Basking in the Sun at Place des Vosges

Your Paris Portfolio?…No Panic

Parler Paris…
Your taste of life in Paris and France
ParlerParis.com
Monday, October 13, 2008
Paris, France





Community Calendar Updated Every Wednesday


Own a Fraction of the Best Address in Paris!

“Le Palace des Vosges”
Fractional Ownership
9 Place des Vosges
4th Arrondissement, Paris

Now you can own a share in an AMAZING “maison” — more of a house in the country than an apartment in Paris, right smack dab in the middle of Paris’ most elegant square — the Place des Vosges. Occupancy is May 2, 2009.

Includes Two Bedrooms, Two Baths + Powder Room
With Usage of Two Parking Garages
(1 = Personal Storage Lockers, 1 = Parking), 84m2 (900 sq ft)

Editor’s Note: If you haven’t already visited the newest videos of Le Palace des Vosges, then do!

The videos are accessible at /frenchproperty/fractional/PDV_video_tour.html

Only 13 shares are available, so don’t miss this unique opportunity! For more information visit frenchpropertyfractional.com or email maryellen@adrianleeds.com





Dear Parler Paris Reader,

Astrologists have lots to say about the chaos going on in the world right now, particularly due to the full moon tomorrow night, October 14th (which happens to also by my birthday — luckily not a very significant one, but an aging one, nonetheless): .”…it could be a period of wild fires or plane crashes. It could be a period of some kind of upheaval around the world when it comes to terrorism. The planet Mars in astrology represents the god of war and defender of his people — representing our desires to get closer to our collective conscientiousness.” (by Irene Lynn, http://www.associatedcontent.com)

Paris doesn’t seem to be in chaos, at least not from the outside. This past weekend, the skies were a glorious blue, not a cloud to be found; the air a bit crispy. Sun worshippers had taken all the benches in the Place des Vosges to absorb the healing rays. They didn’t seem to be at all concerned about the financial crisis. Perhaps it hadn’t affected them in the least.

Meanwhile, 15 European leaders met here yesterday, led by French President Nicolas Sarkozy, to “tackle the global financial crisis, with governments being asked to commit themselves to preventing any major banks from collapse. He hoped to persuade his peers ‘to speak with one voice’ in a desperate effort to contain the worst financial crisis since the 1930s Great Depression.” (http://www.france24.com)

At this past weekend’s Living and Investing in France Real Estate Conference, Peter Zipper, President of Caye International Bank in Belize, spoke of the dwindling liquidity factor and how the Central Bank of Belize sets a liquidity requirement of 24%, preventing Caye and the others from risk of failure. (Click here to see the personal letter from
Mr. Zipper regarding the current crisis dated October 7, 2008 — /frenchproperty/consultation/offshore.html)

The conference was the 22nd one of its kind, with one of the attendees having participated in a prior conference which had taken place in September of 2004 in Washington, DC. This was the same conference that introduced us to two of our current staff members, Joe Soileau and Florence Richburg, and from which came several who later successfully purchased property here in Paris.

It was a particularly memorable event at the time. Just like now, in 2004, it was election time, and perhaps the enthusiasm for an investment outside the U.S. was sparked by the possibility of a re-election of the Bush administration. We can only guess it was a factor, and as I’ve said in previous missives, this election is likely to do the same. Either way it goes, there will be a large group of unhappy folks who may be ready for a change.

On the top of that, the financial crisis complicates the decision. While we hear every day of those whose financial portfolios are dwindling thanks to the stock market declines, we are watching the dollar strengthen against the euro — today at $1.36 to €1.00. That means that the dollar buys more euro value than it has since about one year ago, reaching a high of $1.60 earlier this year.

Thanks to investments in property, particularly those here in France, I and many others in a similar position, are thanking their lucky stars. Our Rental Manager of Parler Paris Apartments, John Rule, who also spoke at the conference, noted that rentals this month have broken all our records, so owners of these apartments will be ‘laughing all the way to the bank.’ Let’s just make sure they put their proceeds into the right bank (!), or another piece of Paris property…where it will continue to grow!

During this conference, we added a special presentation about “Le Palace des Vosges” and the other Fractional Ownership Properties we are offering for sale, explaining the pros and cons of fractional (or co-) ownership vs single ownership. It’s not for everyone, but for some, it’s the perfect solution…and Le Palace des Vosges is certainly the best address anyone can have in Paris.

Martine di Matteo, our associate Interior Architect, presented her newly-made presentation boards of her design ideas for the two-bedroom, two-bath apartment, wowing everyone with the luscious and luxurious fabrics and practical concepts. Royal purples and historical brocades will set the tone for the palatial apartment, appointed with rich furnishings that mirror a bit of Marie-Antoinette’s style. It was the highlight of the afternoon before saying our “au revoirs” and “à bientôts.”

After two days of being wined and dined “à la Chez Jenny,” and overwhelmed with information, the attendees handed in their evaluations and comments about the conference. Here’s what some had to say:

  • “The speakers provided an extraordinary depth of knowledge on the right mix of topics for this subject. Thank you for job well done!”

  • “Off the charts! So very helpful, informative…could answer all my questions with experience and intelligence.”

  • “Overall an excellent seminar. A lot of very useful information with which to move forward and make decisions. Even if I end up just renting and not buying, this has been extremely helpful.”

  • “Overall I thought the conference was top notch, and certainly met my expectations for learning and enjoying the company of like-minded souls. Merci!”

(To read more, visit /frenchproperty/conference/conferencements.html )

Then over dinner, co-sponsor of the conference, John Howell, and I concluded that we would plan our next one for some time in the Spring…perhaps in our favorite U.S. city and my home town, New Orleans…so stay tuned!

A la prochaine…

Adrian Leeds (with Executive Assistant, Florence Richburg)
Editor, Parler Paris

Share this article with a friend…

 

P.S. Join the next full moon picnic Tuesday, October 14th from 6:30 p.m. until 8:30 p.m. at the Pont des Arts gathered around a bench near the center of the bridge. Bring food and drink to share and keep your eyes out for a small white telescope on tripod if the sky is clear. Please RSVP if you’re planning to join the picnic: Bob Mohl — bobmohl2@aol.com or mohl@media.mit.edu

P.P.S. See you tomorrow at “Parler Paris Après Midi,” October 14th at La Pierre du Marais! Visit parlerparis.com/apresmidi.html for more information.


See French Property Consultation on House Hunters International…New Dates and Times!

“Settling Down in Paris” – Episode HHINT-402

Angela and Ben met in 2003 when they lived in Los Angeles working for the same clothing company. Now, the two are engaged to be married. When Ben started receiving frequent overseas work, the company believed he’d be more valuable in Paris, so they happily relocated. They immediately moved into a cozy rental in the 17th district near the Arc de Triomphe and started to explore the different neighborhoods of Paris. The pair is now ready to take the big leap and purchase an apartment to stay for good. Property consultant Adrian Leeds is enlisted to help.

House Hunters International Episode HHINT-402

AIR TIMES:
October 14, 2008 10:30 PM ET/PT
October 15, 2008 2:30 AM ET/PT

To book your personal property consultation with Adrian Leeds, please email adrian@adrianleeds.com


In This Week’s French Property Insider

The Dollar Rallies Against the Euro
By Adrian Leeds

Le ProvencalDaily I receive the HIFX Daily Currency Rates by email and have watched the dollar weaken and strengthen against the euro with personal interest.

Analysts say that the US dollar to euro exchange rate will grow in 2008…Subscribers Read On…

Learn how to buy property in France!

French Property Insider is a weekly e-zine, sharing insights, recommendations, tips, and discoveries about Paris real estate and French property. Each information-packed issue is devoted to educating its readers on how to effectively, efficiently and profitably purchase property in France.

For more information visit frenchpropertyinsider.com or email info@adrianleeds.com


We wanted better guides. So we wrote them.

Insider Paris Guides are written for people who love the City of Light. You’ll get a Paris insider perspective on Good Value Restaurants… Making a Life… Black Culture… Expat Writers…plus the newest guide, Practical Paris!

Visit Insider Paris Guides


Welcome to your home in Paris. Home is how you will feel in a private apartment in Paris that has the “seal of approval” from Parler Paris Apartments and me, Adrian Leeds.La Bonne Nobel
Two-Bedroom (One-Bedroom + Bedroom/Office), Sleeps 4

Le Provençal Studio

This delightful studio is located on the quiet courtyard of a very charming 18th-century building in the heart of Le Marais. It is fully equipped with high-quality beds and appliances, plus Internet, free long distance phone service and more! This bright and cozy studio makes a perfect Parisian home for one or two. Click here for more information and photos.

Reserve now! Visit /parlerparis/apartments/rentals/provencal.html
or email: Apartments@AdrianLeeds.com


g src="/parlerparis/images/apresmidi.jpg" title="Parler Paris Apres Midi" width="125" height="140" hspace="0" align="left"/>Parler Paris Après Midi
ParlerParis.com/apresmidi.html

Come for a drink and to meet and chat with other readers in Paris…

The next gathering is October 14, 2008* and every second Tuesday of the month.

*A birthday celebration for Adrian Leeds!


Parler Parlor French-English Conversation Group
parlerparlor.com

Practice speaking French and English. Make friends, discuss interesting topics, learn about other cultures, progress in understanding and speaking, naturally and easily. Meets three times a week — come as often as you like!

Parler Parlor meets Tuesdays 6:30 to 8 p.m. and Saturdays 11 a.m. to 12:30 p.m.

AT LUTÈCE LANGUE
23, boulevard de Sébastopol (at the corner of rue de la Reynie), 1st arrondissement
3rd Floor on the Left (read notice on door to obtain entry code)
Métro Châtelet, Les Halles

Wednesdays 3:00 p.m. to 4:30 p.m.
AT BISTROT DE LA GRILLE SAINT GERMAIN
14 rue Mabillon, 6th arrondissement
(at rue Guisarde and Le Marché Saint-Germain) 1st Floor
Métro Saint-Germain-des-Prés, Mabillon, Odéon

For further details, visit parlerparlor.com


France Today, The Magazine of French Travel and Culture, delivers all the information you need to indulge your passion for France: unbeatable travel advice, with top travel destinations and best local addresses, the latest trends in dining, hotels, shopping and style, an insider’s look at French culture and society, and informed political analysis.

Find out more at francetoday.com


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Copyright 2010, Adrian Leeds®
Adrian Leeds Group, LLC, adrianleeds.com

 

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