Chris Forte’s “Thoughts to Start the Day” – $USD

Posted on July 18, 2022 by Scott Shuda

The dollar is at twenty year historic highs against the euro. What does that mean? Everything is on sale if you have dollars to spend. If you’ve ever wanted to own a place in Europe, real estate is discounted 20% from where it has been in the past five years.

Have you been to Paris? Do you love having a glass of wine at a sidewalk cafe? Have you dreamed of owning your own place there? Now might be the time to think out of the box for an investment and say, “Oui.”

Born and raised in Michigan, Kathryn Brown has lived in Paris for the past 20 years. Sent there due to a job transfer, she realized there was a need for someone to assist foreign buyers of Paris properties. Executives with job transfers, property investors, or simply lovers of Paris, these folks must run a tricky gauntlet of laws, language barriers and potential location mistakes.

Where will my kids go to school? How will I get to my job? Will my property require improvements and how can that be accomplished? What parts of the city are most desirable? I don’t speak French so how can I avoid being taken advantage of? Enter Kathryn Brown and Paris Property Group. They make buying easier.

Brown, quoted over the years in the Wall Street Journal, The New York Times, CNN, CNBC, and USA Today told Breakout Investors:

“French mortgage rates are still low, under 2.5%. The dollar is at a 20 year high. Properties have historically continued to increase in value and today is no different. This is an excellent time for buyers.

“Paris real estate has been an incredible investment over the past decades, rising dramatically in value since the early 1990s. The average price in some arrondissements has doubled, tripled or even quadrupled over the last 25 years, with an average annual appreciation of around 10% in some areas, making it a wise investment even as it provides enjoyment and lasting memories.

“A recent study places Paris as one of the two top European cities for real estate investment. This is mainly due to a high concentration of successful companies and research and development facilities in the city. Paris has come in second behind London in an annual ranking of Europe’s top 100 cities for real estate investment, meaning the French capital is a wise choice for commercial and residential investment.”

Personally, croque monsieur and a glass of wine at a cafe within walking distance from my vacation home sounds like a wise and enjoyable investment.
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“It feels like we are entering an inflection point, and the window for one last move lower appears to be closing. Does that mean I think we will be racing to new highs in the market? No, it does not. But what it means is that I think if we are either at or very close to a short-term bottom, that is likely to lead to a post-FOMC relief rally.
The biggest reason for the pending rally is the liquidity that appears to be coming into the market based on reserve balances. There tends to be around a 2 to a 3-week lag between reserve balances and the S&P 500…. the market could rally sometime next week, coinciding with the FOMC meeting.” – Michael Kramer, Mott Capital

QUICKIES
*Breakout Investor
Christopher Hampton posts “The Caspian Region’s Challenge to Russian Energy Dominance.” Why is the Caspian region so promising? The Caspian Sea is one of the world’s largest oil and gas producing regions. Read more on the Feed.
*Breakout Investor
Bryan Robson submits “Another DMIFF Update” from a Friday (7.15.22) conversation with the CEO.
*As Johnny Cash sang, I hear the train a comin’…
Florian Buschek posts on the Feed a fascinating article, “US Railroad Industry Primer – The Picks & Shovels of the US Commodities Sector.” Railroads are “poised for a Renaissance” being the lowest-cost freight mode for commodities.

“There’s a lot of things blamed on me that never happened. But then, there’s a lot of things that I did that I never got caught at.” ― JOHNNY CASH

Good luck to all – Chris

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