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Retiring Americans Discover Paris

Posted by: Abhijeet Chavan
Thanks to: Renae Meyer
10 June 2005 - 8:00am

With mortgage rates below 3%, Americans can buy a cozy corner in one of the world's most romantic cities.

"There's a stunning new population trend in Paris--Parisians are selling their flats and moving out to the 'burbs. On the face of it, that's not truly astonishing. It's been happening in the U.S. since World War II ended. The stunning fact is to whom Parisians are selling these days. It's to Americans, especially older Americans. They're the ones who are buying and moving in--in droves"

Full Story: Paris: Expat Real Estate Boom
Source: Forbes, June 9, 2005
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And many of us – the majority, in fact – find ourselves living in a drive-only landscape, where we must burn gas even to reach a transit stop, if one exists.
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