The first time I went to Montparnasse, I was really blown away. In a way, it’s kind of like visiting the Berkley or Haight Ashbury section of San Francisco. Similarly, it’s like visiting old Venice in Los Angeles.
What really struck me was the sense of artistry. This was a district where mostly artists lived. For the longest time, artists were of course poor, struggling and they really couldn’t afford all the finer things in life but they can create.
So Montparnasse was that really interesting place, at least as far as France was concerned, where people might not have that much money but they created very beautiful things. Montparnasse looked very distinctive although a lot of the specific items, furniture, appliances, or what have you in the place where kind of low level and cheap.
This was the magic of Montparnasse. Because when people did that, the artistry, creativity and imagination of its citizens, really compensated for the fact that this is a place that had a lot of crime, addiction, and a lot of the typical problems that you would normally associate with an urban core.
Generally speaking, middle class families who have a reputation to protect small kids to race would stir clear of such places. That’s just how it was. But given the heavy fire power of the artists that lived here, it has now become a high end part of town. Funny how that works, right?
Believe me, it also works in America. So when you go to Venice now or Haight Ashbury, they’re actually very expensive places. In fact, almost all of San Francisco is expensive even the places where you get shot on the head when you show up at the wrong time, at the wrong place and at the wrong neighborhood.
It’s kind of crazy but that’s just how real estate prices work. Montparnasse is not different. There are many places that look really messed up. They look worn out and badly maintained but they still fetch really high rents.
If you are thinking of buying such a place but you are trying to save money, here’s the thing. Do a little bit of cosmetic touchups here and there and you should be fine.
How do you do this? Please understand that Montparnasse accommodation units look so much more presentable and so much more rentable with garden decking. By simply investing on garden decking or small touches like that, you are able to stand out from the crowd and your place would rent so much quicker. That’s the bottom line. Stay focused on it and you will make money-sometimes hand over fist. Lose sight of it and you will continue to struggle. Real story. No joke.