'We all have a bit of FOMO [fear of missing out], right? "Everyone in my country club is doing it — so I want to have that same status as Suzy, and so therefore, I too need to buy a property in Paris, and we can vacation together with our families,"' Cutchin said.
'Let's face it, if the rate moves against you 10 cents between now and June of next year — when you go to actually facilitate that transaction — it might actually place you in a situation where you can no longer afford to make that investment, or you're not as comfortable as you were previously,' Cutchin said.
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Kelly Cutchin, of global payments services provider Moneycorp Americas, told MoneyWise that such is the scale of the real estate acquisition that many wealthy US citizens are copying moves by their friends and business associates.
LONDON: The kitchen and living area of the one-bedroom Knightsbridge apartment in London. The home is located directly opposite of iconic department store Harrods and within walking distance of the amenities of Sloane Street and Brompton Road
'I had been looking for a place for a long time,' Laurent told The Wall Street Journal, explaining that she often visits the French capital for work and vacations there with her husband and three young children.
If you liked this write-up and you would certainly like to obtain additional details regarding golden visa program kindly browse through the page. Situations between the US and Europe could not be more different, it would appear, as Laurent said she shaved off an extra $100,000 from the time when she first viewed the apartment in early 2022 to when she closed the deal.
The strength of the dollar along with the current housing crisis in some US cities where $750,000 will buy small homes with major issues is driving Americans to consider their real-estate odds abroad.