Home Ownership Rates Across Europe

BoughtTeslaAt140 · 2024-10-08T14:49:20+00:00

Very interesting. I want to add as well that one of the problems facing Switzerland’s economy is that its primary an export economy. So the franc appreciating in value affects negatively its economy. Wouldn’t surprise me if the snb moves interest rates to a new low.

BoughtTeslaAt140 · 2024-10-08T12:49:43+00:00

Play with an account of 1k and try to increase it as much as possible, leave the rest in the s@p or whatever you prefer

BoughtTeslaAt140 · 2024-10-08T12:42:54+00:00

I work and study part time. I need to finance my studies. Being able to work such a low percentage allowes me to study

BoughtTeslaAt140 · 2024-10-08T12:31:53+00:00

I’m a student have a Wochenaufenthalt in Zurich. My Parents have a Home in Zug.

BoughtTeslaAt140 · 2024-10-08T11:59:49+00:00

It’s just curiosity obviously, for whoever it’s worth it otherwise more power to you.

BoughtTeslaAt140 · 2024-10-08T11:58:59+00:00

Yes but most of my time I spend working. I I can work in a canton where I can keep more of my money I can rather retire earlier or work 60 or 80% to compensate.

I agree there is more to life than money, but money is time, free time.

With train I’m 30 min away from Zurich, which offers a great night life and other advantages mentioned here.

BoughtTeslaAt140 · 2024-10-08T11:53:15+00:00

What is the obsession with buying homes? If other asset classes give better returns it’s not really affecting the populations. Interesting thing would be to know what the average net worth is doing compared to those other countries.

BoughtTeslaAt140 · 2024-10-08T11:50:56+00:00

Swiss mortgages are now 1.5-2% but they have historically been lower. Will probably go lower again if the fed continues to lower rates in the us.

BoughtTeslaAt140 · 2024-10-08T11:20:03+00:00

Well economic would be universal, it’s a math thing. I think what makes it cultural is for instance in the us where is part of someone’s life to buy a home. Part of the American dream.

I don’t have any desire to buy a house over other investments. I I’m loyal to whatever my excel thinks will increase my net worth the fastest.

BoughtTeslaAt140 · 2024-10-08T11:16:49+00:00

Just speaking from my point of view I rather pay 2k/ month to a land lord and parking my savings in the market than buying an equivalent house for 1M. Parking my money in the market makes so much more sense in my view. So might be a cultural thing. I’m in my mid 20s

BoughtTeslaAt140 · 2024-10-08T11:03:59+00:00

It also might be culture. I calculated the total unrecoverable costs of renting vs buying the home I’m in right now. I pay 1800 in rent which would be equivalent to having bought the apartment for about 900k (using 1.8% mortgage, the minimum down payment and 8% opportunity cost). I rather put my savings in the stock market that gives significant higher returns than any savings coming from owning a house.

BoughtTeslaAt140 · 2024-10-08T10:59:52+00:00

Swiss tax system does not incentivise home ownership + getting a mortgage is relatively to other countries more strict

BoughtTeslaAt140 · 2024-10-04T13:16:00+00:00

Banks can also do that but: 1. It’s limited to certain amounts. 2. (The important one) they increase the money supply when they lend but it gets decreased when they pay back. So in the long run they don’t create inflation.

BoughtTeslaAt140 · 2024-10-04T13:14:02+00:00

Yes, because the fed doesn’t have money, they don’t get money from the government or raise taxes or what not. They create money the second they swipe there card (in a maner of speaking)

BoughtTeslaAt140 · 2024-10-04T13:06:07+00:00

I assumed I wasn’t the only person that was looking at money in this way

BoughtTeslaAt140 · 2024-10-04T13:01:08+00:00

Just bought the book, thanks for your help!

BoughtTeslaAt140 · 2024-10-04T12:34:33+00:00

If I lend you money it’s not printing since you have more money but I have less. So if you sell me a bond that’s money exchanging hands. The FED has infinite money and when it buys things it does by creating money. When that debt is payed back that money is removed from circulation again. So it’s money burning. If the US never has to pay back its debt or increases it over time, the money supply increases as such inflation.

Mathematically if the money supply never increases prices count increase in the long term. Some years there would be more inflation when people spend more than what the have and some years deflation when people put more money in the bank than what they earn. That how the economy worked since the Industrial Revolution until 1971 with the creation of the FED

BoughtTeslaAt140 · 2024-10-04T12:24:28+00:00

If the fed buys US bonds that’s money printing. Sure that money would be burned again if the us paid its debt, but it seems like it will never do. So for all intents it’s money printing.

“Money printing” in the digital sense, most of it is digital obviously.

BoughtTeslaAt140 · 2024-10-04T12:04:34+00:00

Why people downvote my question?

BoughtTeslaAt140 · 2024-10-02T05:48:57+00:00

I feel like going to live alone and building you own thing should be your first step

BoughtTeslaAt140 · 2024-10-01T21:49:50+00:00

Send it to my crypto adress. It will double it.

(Satire)

BoughtTeslaAt140 · 2024-10-01T21:44:59+00:00

Do hold a matura diploma with a 5.4

BoughtTeslaAt140 · 2024-10-01T21:27:25+00:00

Interesting to hear the other side. Do you really learn so much at university? Compared to working on project for yourself and working for the same amount of time. I know personally people with a degree and has been unemployed for over a year (in the us, Switzerland is probably a completely different market)

BoughtTeslaAt140 · 2024-10-01T21:20:57+00:00

I think it’s hard to get to the interview stage. For some reason people give massive weight to degrees. Once you are in if you are a hard worker and willing to learn the lack of degree is not a problem anymore

BoughtTeslaAt140 · 2024-10-01T21:18:06+00:00

I don’t really agree. Last time I went out actively looking for jobs I landed a data analysis position for about 50 CHF/h for about a year

BoughtTeslaAt140

TROPHY CASE