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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.54+1.2%Nov 5 4:00 PM EST
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To: elmatador who wrote (137726)12/31/2017 10:30:01 AM
From: Elroy Jetson1 Recommendation

Recommended By
Maurice Winn

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Jeanne Calment made a similar land deal with 47 year old attorney Andre-Francois Raffray, selling her apartment to him in 1965 but retaining a life estate.

Raffray agreed to pay the 90-year-old woman 2,500 francs (about $500) a month until she died, then move into her grand apartment in Arles.

But on Christmas 1995, Mr. Raffray died at the age 77, having laid out the equivalent of more than $184,000 - more than twice the market value for an apartment he never got to live in. His son inherited the contract, but he too died before Clament, so only Raffray's grandchildren lived long enough to move into Calment's apartment.

Asked to comment on the contract on her 120th birthday Calment said, "In life, one sometimes makes bad deals."

When asked about her future plans she replied, "Très bref," very brief - which proved to be almost another 4 years.

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