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Home Countries France

Up-and-coming Paris

Kathleen Peddicord by Kathleen Peddicord
Jan 04, 2009
in France, Paris
0
France is a rent overseas must.
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Rising Paris

“Embrace the bohemian experience,” Lief urged as we made our way down boulevard Sebastopol.

Indeed, we are. We’re staying these two weeks in Paris in a rented apartment between the 9th and 10th arrondissements. Or, as Kaitlin explained to a French friend on the phone last night, “My parents are in an apartment near St. Denis of all places!”

Prostitution is legal in France, and rue St. Denis is one of the places where the industry thrives. I’ve never walked the business blocks of the street myself, but I’m told they’re lined at all hours with ladies of every description and to accommodate every budget.

The big business on the street where we’re staying is food. Within a two- or three-minute walk in any direction are vegetable stands and butchers, spice stalls and bakeries, glass-encased rotisseries on the street offering fresh-roasted chickens and restaurants serving up specialties from Vietnam or Thailand, Morocco or Pakistan, China or India. The air is alive early ’til late with the smells of good and exotic things to eat.

Food…and hair. There are 27 hair salons, spas, and shops in the blocks surrounding us. We’ve counted.

This is a neighborhood of Paris short on cute and long on urban. Particular stretches are known as “Little Bombay” or “Little Jaffna” (for its Sri Lankan community).

These rues and boulevards are certainly ethnic and sometimes gritty, but they’re not unsafe or even unclean. The area is charming in its way.

In fact, it’s being called “up-and-coming”…like the Marais a decade ago. The city’s former marshland, former Jewish district is today one of its trendiest, with the art galleries, studios, young, eclectic population, and, as well, prices to prove it. If you can no longer afford the Marais…look over here in the workingman’s Paris instead.

Here in the 10th, beneath the grit, especially around the Canal Saint-Martin, you catch glimpses of belle Ă©poque. During our walk around the neighborhood this morning, we noticed, mixed in among the vegetable stands and the hairdressers, a Baccarat crystal shop and a high-end furrier. The nearby Gare de l’Est train station is undergoing a 60-million-euro refurbishment, and the area around Boulevard Magenta, which runs past the station and south to RĂ©publique, is said to be the place to shop for an investment.

Kathleen Peddicord

P.S. Our two-week stay in Paris is the second leg of our Christmas Vacation, which began last week in Monte Carlo.

Tiny Monaco is a place of superlatives. It’s described as the most beautiful place on earth. It is also the world’s second-smallest country (after Vatican City), the world’s most densely populated country, and the world’s smallest French-speaking country.

Its 2 square kilometers are home to more people per city block than anyplace else on earth…and also more money. This speck of a country on the side of a cliff overlooking the Mediterranean Sea is awash in the stuff.

The whole place is a playground for the rich and jet-setting, who come here, if they’re able, not only to visit, but also to reside. For, as residents, they pay no taxes. Monaco is one of the world’s few remaining true tax havens.

P.P.S. While we’re enjoying the season on the Continent, intrepid Correspondent Paul Terhorst is spending the holidays off the beaten path in Laos. “Until 17 years ago,” Paul explains, “Laos was closed to foreign visitors. Now several hundred Westerners arrive every day. Immigration at both airports and at land borders has become routine.”

Paul continues: “I’ve met hill-tribe villagers who’ve never lived anywhere except in bamboo huts in their native villages, who’ve never seen indoor plumbing or an electric light bulb. The villagers use firewood for cooking, because there is no natural gas or electricity. They believe rain dances help to make the monsoons come…”

 

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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

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