bare

In 1965, in the picturesque city of Arles, in the south of France, the notary André-François Raffray believed he had found a bargain to invest. Jeanne Calment, a 90-year-old widow and no heirs owner of a large apartment in the historic center of the town, was willing to reach an agreement to sell her housing in exchange for a life annuity and to be able to live in it until his death. With the statistical data in hand, the purchase of the apartment was going to be a bargain for the notary, so he did not hesitate to reach an agreement with the elderly owner. What the young notary did not expect is that it was going to be the worst deal of his life: the old woman had a bombproof geneticsor at least that’s what everyone thought. The deal was a bargain, but not for who it seemed The purchase agreement was simple in its approach: Raffray would pay 2,500 francs per month to Calment (an amount equivalent to about 380 euros per month). until the death of the old woman (who we remember was already 90 years old), after which the property would be fully his. This type of contract (known in France as traveler) is based on the bare property. This legal concept establishes that the buyer acquires the right to property without enjoy the usufruct until an uncertain event occurs, in this case the death of the saleswoman. That is, it is like a deferred purchase in which a certain immediate payment is established and the seller can use the property until his death. The buyer then takes possession of the property. Given this condition, the price of the investment is considerably lower than the market value, since it is not available immediately. That reduction in the initial price has shot the number of operations that have been growing at a double-digit rate since the pandemic. According to published data by Expansionin 2021, this type of operations grew by 22.6%, 23.7% in 2022 and 11.3% in 2023. For a 47-year-old buyer like Raffray, that seemed like a smart move and a very low-risk investment. In 1965 and with the life expectancy statistics much smaller than the current ones, Raffray assumed that Calment would live perhaps a few more years and that the total amount he would pay would be less than the market price of the apartment. A saleswoman with a lot of attachment to life However, what seemed like an operation with few unknowns turned into a financial nightmare for Raffray. Jeanne Calment, the elderly nonagenarian, not only lived beyond any reasonable expectation at that time, but his longevity surpassed all calculations. Officially, Calment died in 1997 at the age of 122 years and 164 days. as he collected The New York Times. That is why he entered the Guinness Book of Records as the oldest person recorded to date, It’s also bad luck for Raffay. Raffray, in turn, died in 1995 at the age of 77, 30 years after signing the contract with Calment. Until that moment, the notary had paid fees that, together, They far exceeded the value of the property. However, after his death, his widow was forced to continue with payments to Calment, because the obligation agreed in the annuity contract only disappeared with the death of Calment, not Raffray. There was no escape. The result was that Raffray’s family ended up spending much more money than it would have cost to buy the apartment through conventional methods, without ever moving in. Calment herself, with irony, even commented in an article for The New York Times that “in life, sometimes bad deals are made.” A life worth two As expected, such remarkable longevity did not go unnoticed by science and medicine, with much interest being shown in investigating the details about the life and habits de Calment to try to reveal their secret…and boy did they do it. In 2018, a research team formed by the Russian mathematician Nikolay Zak and the gerontologist Valery Novoselov proposed a radical hypothesis: Jeanne Calment could have died in 1934. The Calment who had signed the bare ownership contract with André-François Raffray could be Yvonne Marie Nicolle Calment, daughter of Jeanne Calment who, supposedly, had died of pleurisy on January 19, 1934. The hypothesis was that Yvonne would have impersonated his mother’s identity to avoid paying inheritance taxes. That artificially “extended” the longevity of his mother, who was actually living two lives under the same name. This theory was supported by discrepancies in ancient documents, such as differences in physical characteristics between historical records and by comparing photographs of Yvonne and the supposed elderly Calment. So it was not only a fraud to avoid paying taxes, Raffay was also victim of deception. However, there is no scientific consensus on this version. Subsequent research by a team of Swiss and French demographers and historians, published in it Journal of Gerontologythey discard the hypothesis of fraud and maintain that, statistically, Calment could live to be 122 years old. In Xataka | There is a ‘good’ fat that hides a secret to aging better and being in shape. All that remains is to get the pill Image | Wikimedia Commons (Emilien Barral), grg.orgUnsplash (Jakub Zerdzicki)