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Thanksgiving holiday to London/Paris

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My husband and I are planning a Thanksgiving week trip with kids (ages 10 and 12). My original idea was to fly into London, spend three days (with 9:00 a.m. arrival, one day will be fully jet lagged) speaking English and adjusting, taking the Eurostar to Paris, and then 6 nights (5 full days) in Paris. Flying out of Orly and back home (Texas). This plan costs the same for transportation vs. the trip being straight to Paris. I have found some great options on vrbo for Paris, but am really coming up short on decent lodging options in London. My budget is $200/night (and I would prefer $150).

Here are my questions:
1. Should I just focus on Paris and forget the London portion (we will not make another Europe trip for at least 4-5 more years)?
2. Is $1150 about as good as I will find for airfare in mid-to-late November? I have been checking fares on ITA Matrix, following several travel deal blogs, and have just seen nothing (well- there was a Brussels fare for $850 that I was not ready to commit to at the time). Should I be patient and wait longer, or better I jump on the $1150?
3. Why are Paris vacation rentals so much more plentiful in desirable locations for so much less money than in London? I use VRBO/Homeaway- I find Airbnb less useful for family travel.

Thank you in advance for all your expertise. I have found it really helpful to read past threads and apologize if this is a question that has been asked and answered before.

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