It’s seriously so bad. I have a friend who’se family earns a lot of money. Like both his parents work in academia.
And none of the banks would even let them take out a morgtage to buy a modest appartment. It’s ridiculous.
Rentierism is theft.
Rentierism definition
an economic system in which a large share of wealth and income is generated not by producing goods or services, but by owning assets and charging others to use them. These assets might include:
- Land (collected via rent),
- Financial capital (collected via interest or dividends),
- Intellectual property (collected via royalties or licensing),
- Infrastructure (collected via usage fees or tolls),
- Housing (collected via real estate speculation).
Ah, I read it as re-enterism and thought there was some kind of Right of Return, and Switzerland was flooded by grandchildren coming back.
Nah. I’m all for free movement. If it was upto me we’d abolish made up lines like borders and let people live wherever they want.
Who needs property when you can spend 60% of your salary on rent?
Your landlord, so he can leech 60% of your salary.
And if you want to rent this is what you are greeted with…
Queues?
Yes, to have a look at the flat. Not even kidding.
What the hell. I thought my country had a housing issue…
Where? Zürich maybe?
That’s not really not a generel issue.
So where is it not an issue? Basel, Bern, Geneva, Lausanne, Aarau… it’s essentially the same.
Totally not an issue in Basel.
Bull. Shit.
Housing is definitely very very expensive in Basel too. But a bit less problematic because of border spillover into Lörrach, Saint-Louis, …
Sure, everything is expensive. But it’s not hard to find a flat and there certainly aren’t any queues.
Literally stood in a queue there. And as my time in Basel was quite some time ago: Asked a friend,she stood in a bloody queue for the last two flats she rented. TBF, not out on the street but through the whole stairway into the yard.
lol. I got like 3 viewings in less then a week … and could have gotten either of them. I always was the only person there. Once they even thanked me for showing up for the viewing (apparently other people made an appointment and didn’t show).
Easiest flat hunt I’ve ever had.
The way things are going, housing is going to price us all into abject poverty. It’s a gigantic bottom-to-top wealth transfer and the governments of most countries are entirely unwilling to do anything about it.
The Swiss Government is actually financing the pension system with it (directly and indirectly)
That sounds at best like a zero sum game for most future pensioners …