Thu 22 Jun 2006
Worst Deal of a Lifetime
Posted by Marlow Harris under Real Estate
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Andre-Francois Raffray, a lawyer from Arles, France, thought he had made the deal of a lifetime. In 1965, he signed a contract with Jeanne Calment, then 90 years old, giving her $500 a month for life on condition that she leave him her house when she died. On Christmas, Raffray died at 77, shortly after Calment became the world’s oldest known living person — she’ll be 121 in February. “We all make bad deals in life,†Raffray said on Calment’s 120th birthday. He paid her over $180,000 in the deal; the house is worth about $60,000. (Reuters) …Getting to beat a lawyer would give anyone a strong reason to live.
Jeanne Calment, world’s oldest woman
