Looking for Paris Rental Apt.

Dec 15th, 2017, 08:45 AM
  #41  
 
Join Date: Apr 2006
Posts: 9,797
I think to say all are money laundering is a stretch. Many peope buy property as an investment and/or a place to retire.
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Dec 15th, 2017, 09:43 AM
  #42  
 
Join Date: Apr 2007
Posts: 2,919
Many peope buy property as an investment

Purchasing property as an investment is perfectly OK in Paris as long as the property is rented for periods of not fewer than 12 months.
Sarastro is offline  
Dec 15th, 2017, 10:28 PM
  #43  
 
Join Date: Jun 2008
Posts: 3,393
iris1745- you don't know me at all - To say I'm perfect because I disagree with you is a childish argument . BTW I' m not perfect - I'm human !
northie is offline  
Dec 16th, 2017, 12:34 AM
  #44  
 
Join Date: Aug 2007
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I must admit, cruising towards 83, I get more childish every day.
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Dec 16th, 2017, 04:24 AM
  #45  
 
Join Date: Jul 2004
Posts: 3,447
yestravel looking at a current real estate scandal in Amsterdam, in which even a member of the royal family is heavily involved, it seems that yes, money laundering is never far away where short let or multi let properties are concerned.
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Dec 16th, 2017, 06:23 AM
  #46  
 
Join Date: Apr 2006
Posts: 9,797
menachem -- I was taking issue with the sweeping statement, "They all are foreigners with something to hide.
That's why they do not register. They are money-laundering."
yestravel is offline  
Dec 16th, 2017, 07:30 AM
  #47  
 
Join Date: Jun 2003
Posts: 21,301
And never forget that any of these people who request a cash payment are automatically illegal. It is illegal to pay cash in France for anything in excess of 1000 euros.
kerouac is offline  
Dec 16th, 2017, 07:31 AM
  #48  
 
Join Date: Oct 2015
Posts: 1,817
Yes, but many people do not live in those residential apartments.
They just have a dream to live in Paris...

And, yes - a whole lot of foreigners are money-laundering - while they are renting out their "retirement apartments".
fuzzbucket is offline  
Dec 16th, 2017, 07:33 AM
  #49  
 
Join Date: May 2012
Posts: 140
I thought it was 2000 euros for the limit on cash payments.
1994 is online now  
Dec 16th, 2017, 08:58 AM
  #50  
 
Join Date: Jan 2003
Posts: 45,842
The limit has been 1,000 euros since june of 2015.
StCirq is offline  
Dec 16th, 2017, 09:11 AM
  #51  
 
Join Date: Jan 2003
Posts: 45,842
Hey bro, get off this forum.
StCirq is offline  
Dec 16th, 2017, 09:59 PM
  #52  
 
Join Date: Oct 2015
Posts: 1,817
The limit for cash transactions has been 1,000 EU since 2015.

If you have to get more money to pay for your apartment, you will have to ask your US bank to increase your ATM limit - or carry cash.
fuzzbucket is offline  

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