Go Back   English Forum Switzerland > Help & tips > Housing in general
Reply
 
Thread Tools Display Modes
  #1  
Old 07.01.2013, 15:29
shima's Avatar
Junior Member
 
Join Date: Aug 2012
Location: Zürich
Posts: 68
Groaned at 4 Times in 2 Posts
Thanked 13 Times in 7 Posts
shima has made some interesting contributions
Buying house near border

we decide buy our own house ,we living & working in Zürich now but buying house here is out of our budget so we decide buy house in Germany near to border , somewhere like Konstanz or waldshut or etc

would like to ask which city you recommending & why

tnx
Reply With Quote
  #2  
Old 07.01.2013, 15:32
st2lemans's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Lugano
Posts: 10,897
Groaned at 440 Times in 361 Posts
Thanked 9,897 Times in 5,021 Posts
st2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond repute
Re: Buying house near border

First, are you allowed to live in Germany?

How do you plan to travel to work? This will have a large effect on preferable location.

Tom
Reply With Quote
  #3  
Old 07.01.2013, 15:34
shima's Avatar
Junior Member
 
Join Date: Aug 2012
Location: Zürich
Posts: 68
Groaned at 4 Times in 2 Posts
Thanked 13 Times in 7 Posts
shima has made some interesting contributions
Re: Buying house near border

Quote:
View Post
Are you allowed to live in Germany?

Tom
Yes we do living there
Reply With Quote
  #4  
Old 07.01.2013, 15:35
p42's Avatar
p42 p42 is offline
Forum Veteran
 
Join Date: Oct 2008
Location: Kanton Zug
Posts: 524
Groaned at 1 Time in 1 Post
Thanked 212 Times in 132 Posts
p42 has earned the respect of manyp42 has earned the respect of manyp42 has earned the respect of many
Re: Buying house near border

I would recommend buying in Switzerland only, or rent. Zurich is a long commute from Germany. There are cheap houses in Aargau, and the French part. Buy a house in Germany to rent out if you must, but a mega commute will kill you, cost a lot, taxes will not be as nice. Mortgages more expensive, interest rate exposure.

There are mountain houses in Uri you can buy for less a than house near the overpriced German broder. (Commute is "fun" shall we say).

Just my thoughts.
Reply With Quote
The following 2 users would like to thank p42 for this useful post:
  #5  
Old 07.01.2013, 15:40
shima's Avatar
Junior Member
 
Join Date: Aug 2012
Location: Zürich
Posts: 68
Groaned at 4 Times in 2 Posts
Thanked 13 Times in 7 Posts
shima has made some interesting contributions
Re: Buying house near border

Quote:
View Post
I would recommend buying in Switzerland only, or rent. Zurich is a long commute from Germany. There are cheap houses in Aargau, and the French part. Buy a house in Germany to rent out if you must, but a mega commute will kill you, cost a lot, taxes will not be as nice. Mortgages more expensive, interest rate exposure.

There are mountain houses in Uri you can buy for less a than house near the overpriced German broder. (Commute is "fun" shall we say).

Just my thoughts.
we don't want buy cheap house middle of nowhere. We rent a 40m studio in Zürich for 2000 fr
we don't have problem for transportation
and about tax still we looking how will be for us because we don't want work in Germany so i think will be diffrent
Reply With Quote
  #6  
Old 07.01.2013, 15:45
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Zurich
Posts: 9,355
Groaned at 181 Times in 106 Posts
Thanked 9,079 Times in 3,946 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Re: Buying house near border

Quote:
View Post
we don't want buy cheap house middle of nowhere. We rent a 40m studio in Zürich for 2000 fr
we don't have problem for transportation
and about tax still we looking how will be for us because we don't want work in Germany so i think will be diffrent
so the house is just for the weekend?
Reply With Quote
  #7  
Old 07.01.2013, 15:53
22 yards's Avatar
Only in moderation
 
Join Date: Jul 2009
Location: Basel-Land
Posts: 4,429
Groaned at 105 Times in 74 Posts
Thanked 5,748 Times in 2,492 Posts
22 yards has a reputation beyond repute22 yards has a reputation beyond repute22 yards has a reputation beyond repute22 yards has a reputation beyond repute22 yards has a reputation beyond repute22 yards has a reputation beyond repute
Re: Buying house near border

Quote:
View Post
we don't want buy cheap house middle of nowhere. We rent a 40m studio in Zürich for 2000 fr
we don't have problem for transportation
and about tax still we looking how will be for us because we don't want work in Germany so i think will be diffrent
Assuming you need a loan to buy this house, I'd think twice (probably seven or eight times, actually) about earning in Swiss francs and paying a mortgage in euros. Unless, of course, you believe the CHF and the EUR will forever be locked in a loving embrace at 1.2.
Reply With Quote
The following 2 users would like to thank 22 yards for this useful post:
  #8  
Old 07.01.2013, 15:59
shima's Avatar
Junior Member
 
Join Date: Aug 2012
Location: Zürich
Posts: 68
Groaned at 4 Times in 2 Posts
Thanked 13 Times in 7 Posts
shima has made some interesting contributions
Re: Buying house near border

Quote:
View Post
Assuming you need a loan to buy this house, I'd think twice (probably seven or eight times, actually) about earning in Swiss francs and paying a mortgage in euros. Unless, of course, you believe the CHF and the EUR will forever be locked in a loving embrace at 1.2.
we don't think like this & don't compare francs by euro. We just don't have enough money buy house in Switzerland .that's it.

by the way my question here is totally something else. I asked about which city in Germany not about why we want buy there & what problem have in Germany or how we want travel for work
Reply With Quote
This user would like to thank shima for this useful post:
This user groans at shima for this post:
  #9  
Old 07.01.2013, 16:12
dino's Avatar
Forum Veteran
 
Join Date: Feb 2006
Location: Zurich
Posts: 1,821
Groaned at 32 Times in 26 Posts
Thanked 1,207 Times in 596 Posts
dino has a reputation beyond reputedino has a reputation beyond reputedino has a reputation beyond reputedino has a reputation beyond reputedino has a reputation beyond repute
Re: Buying house near border

Quote:
View Post
we don't want buy cheap house middle of nowhere. We rent a 40m studio in Zürich for 2000 fr
we don't have problem for transportation
and about tax still we looking how will be for us because we don't want work in Germany so i think will be diffrent
If you're paying 2k in Zurich for 40 sqm, you are doing something very wrong... I honestly don't get the sense that you know what you're doing (or trying to do)
Reply With Quote
The following 2 users would like to thank dino for this useful post:
  #10  
Old 07.01.2013, 16:16
shima's Avatar
Junior Member
 
Join Date: Aug 2012
Location: Zürich
Posts: 68
Groaned at 4 Times in 2 Posts
Thanked 13 Times in 7 Posts
shima has made some interesting contributions
Re: Buying house near border

Quote:
View Post
If you're paying 2k in Zurich for 40 sqm, you are doing something very wrong... I honestly don't get the sense that you know what you're doing (or trying to do)
I don't have reason to lie for my rent. If you know cheaper apartment in Zürich send me link pls

my text was clear enough. We have plan buy our own home & pay monthly loan instead of 2000 fr for a small cage which even is not for us. Which part make you confused?
Reply With Quote
  #11  
Old 07.01.2013, 16:18
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Zurich
Posts: 9,355
Groaned at 181 Times in 106 Posts
Thanked 9,079 Times in 3,946 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Quote:
View Post
we don't think like this & don't compare francs by euro. We just don't have enough money buy house in Switzerland .that's it.

by the way my question here is totally something else. I asked about which city in Germany not about why we want buy there & what problem have in Germany or how we want travel for work
In that case. Might I suggest Berlin. Good nightlife there.
Reply With Quote
The following 5 users would like to thank Phil_MCR for this useful post:
This user groans at Phil_MCR for this post:
  #12  
Old 07.01.2013, 16:19
st2lemans's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Lugano
Posts: 10,897
Groaned at 440 Times in 361 Posts
Thanked 9,897 Times in 5,021 Posts
st2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond repute
Re: Buying house near border

Quote:
View Post
I asked about which city in Germany not about why we want buy there & what problem have in Germany or how we want travel for work
But HOW you plan to travel to work determines WHICH city is best!

Tom
Reply With Quote
  #13  
Old 07.01.2013, 16:20
st2lemans's Avatar
Forum Legend
 
Join Date: Dec 2010
Location: Lugano
Posts: 10,897
Groaned at 440 Times in 361 Posts
Thanked 9,897 Times in 5,021 Posts
st2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond reputest2lemans has a reputation beyond repute
Re: Buying house near border

Quote:
View Post
In that case. Might I suggest Berlin. Good nightlife there.
Frankfurt is also good, and the flying time is less than to Berlin!

Tom
Reply With Quote
The following 2 users would like to thank st2lemans for this useful post:
This user groans at st2lemans for this post:
  #14  
Old 07.01.2013, 16:22
Forum Veteran
 
Join Date: Apr 2008
Location: Zurich
Posts: 1,468
Groaned at 34 Times in 17 Posts
Thanked 1,001 Times in 587 Posts
rainer_d has a reputation beyond reputerainer_d has a reputation beyond reputerainer_d has a reputation beyond reputerainer_d has a reputation beyond repute
Re: Buying house near border

Quote:
View Post
we don't want buy cheap house middle of nowhere. We rent a 40m studio in Zürich for 2000 fr
we don't have problem for transportation
and about tax still we looking how will be for us because we don't want work in Germany so i think will be diffrent
The population in Germany is shrinking and aging rapidly, even disregarding the brain-drain to CH and Scandinavia ATM - a trend, BTW, that is absolutely irreversible under any realistic scenario.
In ten or fifteen years (max) the generation of my parents (post WW2-era) (or us, their heirs) is going to try to to sell their houses and flats they accumulated over six decades while they downsize, move to nursing homes or the cemetery outright.
Who is going to buy all that stuff being built and remodelled now, thanks to ultra-cheap money from the ECB?

You can do what you want, of course, but I would rather store all my money in my pillow than burden myself with the millstone that a house in Germany could be in fifteen years.

Add to that:
- the tax situation (rubbish)
- the commute (a negative highlight that will suck the life out of you)
- the fact that you're effectively hedging a multi-100k bet on the CHF-EUR exchange rate with no real exit strategy
- most likely, you will have to ask a German bank for a loan and that means you have to pay it back in full over 20y max (not a bad thing per-se, but keep it in mind)
- you won't be able to make up for this through the cheaper beef over the border. Nobody eats that much beef.

I'd love to be proven wrong, BTW. It pains me to see my home-country go down the drain.
Reply With Quote
The following 6 users would like to thank rainer_d for this useful post:
  #15  
Old 07.01.2013, 16:24
Forum Veteran
 
Join Date: Apr 2008
Location: Zurich
Posts: 1,468
Groaned at 34 Times in 17 Posts
Thanked 1,001 Times in 587 Posts
rainer_d has a reputation beyond reputerainer_d has a reputation beyond reputerainer_d has a reputation beyond reputerainer_d has a reputation beyond repute
Re: Buying house near border

Quote:
View Post
I don't have reason to lie for my rent. If you know cheaper apartment in Zürich send me link pls

my text was clear enough. We have plan buy our own home & pay monthly loan instead of 2000 fr for a small cage which even is not for us. Which part make you confused?
How much do you want to spend for the house in Germany?
And how much of that would be a loan?
Reply With Quote
  #16  
Old 07.01.2013, 16:33
shima's Avatar
Junior Member
 
Join Date: Aug 2012
Location: Zürich
Posts: 68
Groaned at 4 Times in 2 Posts
Thanked 13 Times in 7 Posts
shima has made some interesting contributions
Re: Buying house near border

Quote:
View Post
The population in Germany is shrinking and aging rapidly, even disregarding the brain-drain to CH and Scandinavia ATM - a trend, BTW, that is absolutely irreversible under any realistic scenario.
In ten or fifteen years (max) the generation of my parents (post WW2-era) (or us, their heirs) is going to try to to sell their houses and flats they accumulated over six decades while they downsize, move to nursing homes or the cemetery outright.
Who is going to buy all that stuff being built and remodelled now, thanks to ultra-cheap money from the ECB?

You can do what you want, of course, but I would rather store all my money in my pillow than burden myself with the millstone that a house in Germany could be in fifteen years.

Add to that:
- the tax situation (rubbish)
- the commute (a negative highlight that will suck the life out of you)
- the fact that you're effectively hedging a multi-100k bet on the CHF-EUR exchange rate with no real exit strategy
- most likely, you will have to ask a German bank for a loan and that means you have to pay it back in full over 20y max (not a bad thing per-se, but keep it in mind)
- you won't be able to make up for this through the cheaper beef over the border. Nobody eats that much beef.

I'd love to be proven wrong, BTW. It pains me to see my home-country go down the drain.
we working at home so don't need go everyday Zürich but our office is here so that's why we plan be near to Zürich as much as we can

about second part I didn't got what you mean

we have plan finish loan max in 5 years ,house which in Switzerland I should pay 1,000,000 fr I can buy 4 times cheaper I don't think so during 5 years fr and euro exchange a lot that we need save our money in pillow
Reply With Quote
  #17  
Old 07.01.2013, 16:34
shima's Avatar
Junior Member
 
Join Date: Aug 2012
Location: Zürich
Posts: 68
Groaned at 4 Times in 2 Posts
Thanked 13 Times in 7 Posts
shima has made some interesting contributions
Re: Buying house near border

Quote:
View Post
How much do you want to spend for the house in Germany?
And how much of that would be a loan?
300,000 euro & we can take loan Max 50% in Germany because we are not citizen
Reply With Quote
  #18  
Old 07.01.2013, 16:35
dodgyken's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Zollikon
Posts: 4,866
Groaned at 120 Times in 98 Posts
Thanked 6,100 Times in 2,460 Posts
dodgyken has a reputation beyond reputedodgyken has a reputation beyond reputedodgyken has a reputation beyond reputedodgyken has a reputation beyond reputedodgyken has a reputation beyond reputedodgyken has a reputation beyond repute
Re: Buying house near border

Apparently it is about an hour from Zurich to Waldshut - so not bad for a commute - however I suspect that it hopelessly optimistic - especially if you are traveling at peak times - so budget 90mins each way. Are you happy to do that?

Next up the financing, somewhere along the lines you will have to take an FX gamble - either on the asset (CHF mortgage) or the cashflow (CHF wages) - it could all work out nicely for you - but as the current Spanish housing crash has shown, it may not.

You may also be required to have a larger deposit - 20-30% depending on the property and your salaries - and any capital repayment schedule.

Then you have the tax issue - if you are registered in Germany you will almost certainly be liable for some, if not all, German income tax. This will take a big chunk out of your incomes.

Finally, don't rule out Switzerland - for a commute of about the same time there are plenty of hinter-land areas where property is far more affordable. Zurich-Oberland, Aargau, St Gallen (Seegaster), Glarus - the latter can have you in a nice place for <400,000chf - or a ruddy great big villa for 1mio.

Groaning others who are trying to understand the motive to the move in order to provide a more reasoned answer is "bad form".

EDIT:
300,000eur house = 375,000chf @ 50% LTV = 187,500chf @ 3% (20yr fixed) is approximately 900chf including capital repayment

Using the same amount of deposit will allow the purchase of a 800,000chf house - 625,000chf @ 1.5% (20yr fixed) is about 800chf in interest a month. You would be expected to also pay around 10,000chf a year capital repayment - another 800chf per month.
Reply With Quote
The following 3 users would like to thank dodgyken for this useful post:
  #19  
Old 07.01.2013, 16:35
22 yards's Avatar
Only in moderation
 
Join Date: Jul 2009
Location: Basel-Land
Posts: 4,429
Groaned at 105 Times in 74 Posts
Thanked 5,748 Times in 2,492 Posts
22 yards has a reputation beyond repute22 yards has a reputation beyond repute22 yards has a reputation beyond repute22 yards has a reputation beyond repute22 yards has a reputation beyond repute22 yards has a reputation beyond repute
Re: Buying house near border

A word of advice, shima: groaning people in this thread who are trying to help you see the bigger picture (and then, inexplicably, thanking rainer_d for summarising those helpful pointers in one post) isn't going to endear you to the forum at large. We're here to help, but not if you're going to behave in that way.

I suggest you start by answering st2lemans' question: how do you plan to travel to work and where exacrly do you work? Otherwise the suggestions of buying in Berlin or Frankfurt are about as good as you'll get.
Reply With Quote
This user would like to thank 22 yards for this useful post:
  #20  
Old 07.01.2013, 16:40
shima's Avatar
Junior Member
 
Join Date: Aug 2012
Location: Zürich
Posts: 68
Groaned at 4 Times in 2 Posts
Thanked 13 Times in 7 Posts
shima has made some interesting contributions
Re: Buying house near border

Quote:
View Post
A word of advice, shima: groaning people in this thread who are trying to help you see the bigger picture (and then, inexplicably, thanking rainer_d for summarising those helpful pointers in one post) isn't going to endear you to the forum at large. We're here to help, but not if you're going to behave in that way.

I suggest you start by answering st2lemans' question: how do you plan to travel to work and where exacrly do you work? Otherwise the suggestions of buying in Berlin or Frankfurt are about as good as you'll get.
I don't think so somebody are here for help. they just finding a subject for teasing people here otherwise I wrote that I'm looking home in border .

so or your geography is too bad which don't know berlin in not in border

or you teasing me in both case you are not helping and you should get groan for your post that learn how behave in forums

Last edited by shima; 07.01.2013 at 18:49.
Reply With Quote
The following 2 users would like to thank shima for this useful post:
The following 3 users groan at shima for this post:
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Buying prescription drugs across the Basel border randu Family matters/health 3 23.07.2011 17:13
Worth buying skis over the border? Geminder Sports / Fitness / Beauty / Wellness 9 05.01.2010 12:26
Buying a House/Flat in or near Zuich: How to? IainR Housing in general 2 23.09.2007 20:51
House for sale in Canton Fribourg. Near border, Vaud, Fribourg, Bern, Neuchatel PC_Advisor Items for sale 0 04.07.2007 18:17


All times are GMT +1. The time now is 06:03.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0