Cost of housing

Then you suffer from disease of civilisation, good for you in this case.

At the moment we have 8-10 children here on a small space. All good, these kids play peacefully with and/or without their parents all day long (literally in summer). Then comes this one family … you know how it is; one rotten apple and you can throw it all away.
Hoever, elderlies who can’t escaped should not be confronted with this shyt as part of a specific project.

You spend the rest on restaurants -as you cannot cook properly there, but who has not been there 30 - 50 years ago as a student or young professional? :wink:
So Hell yeah. Tomorrow. Actually…yesterday! let me quickly recap (from 35Years ago …) :

A flat in Paris (le Marais), more or less same sqm as on the video. Great experience. Not mice, but cockroaches (but of course, it is Paris!), and, when you are 20, who cares?..
A flat in Bristol (Redland) with heating / hot water depending on a ‘coin-machine’ that needed to be fed every 2 h. Unforgettable. Mr Bean at its best…
A micro-flat in Glasgow (next to the Barras market). Enough said :smiley:
A room in Wien (on a student WG), that was exactly 1m50 cm wide. It was the bed, or me.
A room in Bratislava (another student WG, physically at the city historical castle), in a XIX century house with only wood-burning heating. In a country that reached -15C for 3 to 4 months…
A flat in Paris (next to the Palais de L’elysee); 5th floor, no elevator ('chambre de bonne), XVII century, with 1m95 cm ceiling height and toilette in the stairs
A flat in Prague right behind the square of the revolution, which was abnormally cheap and beautiful…and that I only later learnt that it was where all family members were assassinated by the Gestapo on the day after Operation Anthropoid. The bullets were still on the parquet. Once I learnt it, I moved out as fast as possible - for respect reasons.

Since then, I want to think I have elevated a little bit my standards :smiley:

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I wasn’t born in an old money family with servants that kept the “world” outside from our great forested estate. I have lived in urban areas living among others most of my life, that’s it. The disease of civilizations is slightly misanthropic, but funny haha

Back to the topic, I took a walk around home yesterday, passed by the construction of new apartment buildings. A 3.5 room apartment with 20m2 of balcony/terrace/loggia is now at 700k francs around Aarau. I remember ads for 550k for similar apartments before covid times.

rofl. How about in the country amongst farms and fun was not rattling 2 meters forth and 2 meters back on pebbles and hardplastik “wheels”?

Where is the connection between the price rise and covid? Because they build expensive big teraces now?
Isn’t it the general demand and offer which has changed again over the past years?

Just a way to tell 6-7 years ago.

Price rise? I and others like me may be the problem. Work in Zürich, 80% home office, and no way I’m paying the rents there.

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It’s not COVID - it’s 50k-100k net new immigrants every year.

They don’t want to live in quarters described by Izzy_the_busy_bee…

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Okay, that’s what I figured.

That Aargau somehow “came closer” to Zurich in terms of working/living is only logic in the current situation. Not only due to home-office, which is of course great.
Most people not only don’t want to pay the rents in Zurich, they simply can’t as well as can’t find a flat. In August there were only 235 flats empty in Zurich!! Over all, independent from prices. But your guess is as good as mine whether more of them were rather on the expensive side.

The situation is the similar in Bern and Geneva and only slightly better in Basel.

Public transportation has improved over the years. With home-office, it’s now perfectly possible to commute to Zurich from remote towns in Aargau twice a week without too much inconvenience.

E.g. various “speed bus lines” have been setup, where the bus basically only stops at select few locations:

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Indeed, the train is great.

If Bremgarten is remote…Aarau and surrounding villages are too far from The City, too rural and undesirable, no reason to live here :wink:

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I didn’t know such low prices exist within the reasonable commute distance from Zurich.

If 40min is a reasonable commute time, yes. 5 mins from the village/suburb train station.

Keeping up with the joke. Don’t come, it’s awful, smells like cow dung.

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Actually one of my two Swiss places of origin - inherited from my father - is Aargau. Nothing wrong with Aargau :wink:

And the cow dung smell is the same in the towns surrounding Zurich.

I remember even cheaper, but back then it sounded unreasonable. Today 1h from Zurich, Bern, Basel looks just perfect

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Some semblance of rationality:

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Interesting.

But this part is a bit confusing. I understand that the bank giving the cash to the seller (and receiving monthly payments from PWG) wants higher cash flow for the loan. But what does the city of Zurich granting a depreciation contribution means? What was the accounting trick? Did the city put 2.19 million and the loan covered the rest?

A four-room apartment in the aforementioned apartment building costs around CHF 2,000 a month. PWG guarantees that this will remain the case. Technically, the rents would not have been sufficient to finance the purchase price of CHF 11 million and would have had to be increased, but the City of Zurich granted the foundation a depreciation contribution of CHF 2.19 million. This subsidy means that rents do not need to be increased.

He is the son of the architect who designed this house. At the age of 80, it may be more important to preserve your father’s creation from being torn down than to earn a few more million. He also lives in the same house.

And he doesn’t have kids.

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The sister has kids - but even their kids are OK with it.
Probably well raised…
I guess this is the sort of thing one wants to be remembered for.

It’s written in the article that the kids will get most of the money from the sale. :grinning_face:

Nice to be rich enough to decide not to be super rich.

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40 years ago I lived in a depressing bedsit room full of old furniture in East London. The carpets were all ripped with newspaper as underfelt and it had nasty bright orange curtains. It cost me £22 a week and as I was out at work in the City all day Mon - Fri I just kept it clean and ignored the fact it was a dump. However it let me save a deposit to buy a decent flat. The little place on this video is a palace by comparison.

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