Properties shape us more than we know.
Settling into my new apartment here in Paris stirred up memories of all the houses in my life—and how each one shaped my future.
In Maryland, before moving to Ireland, we lived in four different homes, but none were very special to me. What was special was the home I spent much of my childhood in (perhaps more time than in the others combined)… my grandparents’ house.
My grandfather built it for my grandmother and their kids in the 70s. On a slope, with a creek running through its 10 acres, it was quirky and idiosyncratic—the setting of countless coming-of-age stories of my mother and aunts and uncles, my cousins, and myself. Before my time, there were chickens and during my tenure always cats and dogs… and snakes and mice (they particularly liked the barn).
My grandfather died in the early aughts and my grandmother stuck stubbornly to this vestige of our family. Until she no longer could. It was isolated (back then they called it “the country”—these days it’s barely a suburb), it was rambling, it was too much to handle. My grief at its loss was second only to my grandmother’s.
I sometimes wonder if our family development in Panama, Los Islotes, is my mother’s version of her childhood home… on 200-plus acres, including beach and estuary, house built on a slope, quirky and idiosyncratic (in very different ways than my grandmother’s), and with lots of animals—dogs, cats, horses, cows, and probably many more snakes.
The purchase of the next big home in my life paved the way for much of my future: Lahardan House, Waterford, Ireland. We spent seven years in the stately manor house in the middle of nowhere. I’ll not delude you into thinking I loved it… but I liked some of what it offered—land, horses, and privacy in my budding teenage years.
So many of my friends lost touch with the City of Light after high school. When they returned, they felt like strangers… like the city wasn’t theirs anymore. I get it. In fact, I believe the only reason I still felt a connection to the city was thanks to my family’s apartment. Even while we were thousands of miles away in Panama City, our bond with Paris remained strong.
Likewise, the purchase of Los Islotes meant my family was locking itself into Panama for the long haul. Family vacations generations from now will, hopefully, take advantage of this flag my parents planted.
In this way, a property guarantees a certain part of your future. You know you’ll have an interest wherever your property is until you offload it.
And, of course, buying property is the oldest method of socking away some cash—land never loses all of its value, even if it depreciates.
When you get right down to it, a property is a place to store yourself, your things, your memories, or your money. When you buy a property overseas, you’re also giving yourself the gift of diversification.
It is with all of these thoughts in mind that we count down now to our Global Property Virtual Summit taking place July 20–23.
Whatever it is you’re looking to achieve with your own overseas property purchase, the experts at this year’s Global Property Virtual Summit can help.
As I write, this team of global property pros, with, among them, decades of experience and impressive and extensive track records of success, continue to work on the ground, around the world, scouting opportunity—in crisis markets, in recovering markets, in boom markets, even in markets previously off-limits to foreign investors.
They’ll come together and share their latest findings at our 2021 Global Property Virtual Summit.
We won’t run another property-focused summit like this until 2022. If you’re serious about owning a property overseas—whether for your own personal use… for investment… or a bit of both—you want to be in the virtual room for this special gathering when Lief Simon and his team will help you put your plans in place without delay.
Editor, Live and Invest Overseas Confidential