It is a bit repugnant, but all legal.
What if the mass termination is only a negotiation strategy aimed at selling at an optimal price?
I doubt it. I donât think they realised the response they would get and may be re-thinking their strategy.
2 Likes
I would predict at least half earn a good enough salary to afford a market rent within the city. When you get âtoo good to be trueâ rent you have to accept that one day the music will stop.
I think 12 months would be a fair eviction period under the current conditions. However it may be more worthwhile for the new owners to give incentives for tenants to move. It will probably save them time (which is money), legal costs (lots of money) and bad reputation (also money).
2 Likes
Isnât it unfair for someone with a very high salary to take advantage of social housing, which is typically designed to assist individuals and families with low to moderate incomes who might otherwise struggle to afford housing on the open market?
Yes, if they got subsidised to build it, no, if it was their own money.
Some Genossenschaften also allow people with higher incomes, maybe ask them why?
Morally yes. There is a good chance these high earners werenât earning so much when they first moved in. A similar case happened in Bern. But I am not sure if the Sugus are formally socially affordable housingâŠIâm believe not.
My ex-boss had 5 kids and lived in a genossenschaft house. When all the kids moved out, he was given 2 years to move to a more modest apartment.
1 Like
I agree. I think 3 months is too short for a family with any income to find a new place to live, especially for the family with small kids.
2 Likes
A family with school aged kids is probably going to find it even harder if they want to stay in the same area to avoid moving from one school to another.
At the best of times it would be difficult for one family to find a suitable replacement. This is what? 30 families? all coming to the market at the same time all looking for the same thing.
The 30 should be getting together and going to the courts to quash the evictions.
Anyway, as plan B itâs not bad at all.
Sell the property to the city of ZĂŒrich at nice price, get the cash, buy/develop a property that pays the desired yield.
They shifted the deadline from March to September.
Yep, seems the head of the real estate managment company in charge of the project got arrested so the owner of the building is having to do it herself via her company.