Recently I’ve been considering buying an apartment in Paris. Not immediately, but as a long-term goal. There are a variety of reasons why this might not be a terrible idea.
In the last few days, though, I’ve been struggling with a big item in the ‘don’t do it’ column. It’s not the exchange rate or the cost of a management company. My biggest fears are for the longer-term. What if there’s another financial crisis that tanks the travel industry? What happens when the oil prices go back up? What happens when the price of oil limits international travel to the rich few?
Basically, what if the zombie apocalypse?
And it’s a little bit ridiculous, but it’s also a little bit not. When things get worse – and the way we’re burning through the world’s resources, things are going to get worse in my lifetime – my investment will be on the far side of an ocean. Buying something local would be the sensible choice, because at least that way I would have a roof over my head.
I just… don’t want to let myself get talked out of this idea so easily. Clearly an apartment in Paris is not the sensible choice. It’s the crazy choice. The adventurous choice. That’s why it’s scary.
Maybe it’s okay to have the fears, to think the thoughts and come up with some contingency plans. The trick is to not get overwhelmed by them. That’s the part I’m struggling with this week.