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Old 29.08.2011, 18:32
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It doesn't make sense to live in Zug with 400k a year or less

At least according to Wall Street Journal that is:

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"if you make 300,000 or 400,000 francs, you struggle" in Zug, said Kilian Borter, a public-relations executive, referring to incomes that equal $380,000 to $490,000. Living in Zug "maybe starts to make sense starting at about a half a million" francs a year in income, he said.
I guess I should go ask for a pay raise then so that my life would start making sense...
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Old 29.08.2011, 18:49
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Re: It doesn't make sense to live in Zug with 400k a year or less

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At least according to Wall Street Journal that is:

I guess I should go ask for a pay raise then so that my life would start making sense...
It's a tough life.
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Old 29.08.2011, 19:54
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Re: It doesn't make sense to live in Zug with 400k a year or less

We finally have an official answer to the constant "Is 150k enough to survive in Switzerland?"

I also need to have a serious conversation with my boss... I am living waaaaaaaay under my comfort limit!
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Old 29.08.2011, 20:06
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Re: It doesn't make sense to live in Zug with 400k a year or less

We make considerably less and still save on taxes by
living in Canton Zug
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Old 29.08.2011, 20:12
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Re: It doesn't make sense to live in Zug with 400k a year or less

I guess, what the article means is, that you can't afford to have 3 cars and a mansion, which is obviously poverty to some people.

Different planet.
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Old 29.08.2011, 20:13
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Re: It doesn't make sense to live in Zug with 400k a year or less

I'm so glad I'm not living in Zug. I guess I'd starve to death.
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Old 29.08.2011, 20:25
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Re: It doesn't make sense to live in Zug with 400k a year or less

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I guess, what the article means is, that you can't afford to have 3 cars and a mansion, which is obviously poverty to some people.

Different planet.
Well, one needs the Ferrari to commute, the Maserati for family visits and the Porsche Cayenne for the groceries. Imagine the maintenance costs...

As for the mansion: since my daughter considers herself a princess, I should aim for a castle. How on earth would that fit into such a small budget?
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Old 29.08.2011, 20:30
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Re: It doesn't make sense to live in Zug with 400k a year or less

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I'm so glad I'm not living in Zug. I guess I'd starve to death.
When I see guys from the trading company on the floors below our offices come back with a huge stash of 50% off items from Coop I know they have had a tough week
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Old 29.08.2011, 20:42
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Re: It doesn't make sense to live in Zug with 400k a year or less

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When I see guys from the trading company on the floors below our offices come back with a huge stash of 50% off items from Coop I know they have had a tough week
maybe it's just their 'buy low, sell high' professional instinct?
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Old 29.08.2011, 20:47
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Re: It doesn't make sense to live in Zug with 400k a year or less

I wouldnt live there unless I earned 500k+. It is such a dreadfully dull place and the tax saving would have be significant. A 100m of old town and a lake does not a paradise make.

AYB
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Old 29.08.2011, 21:11
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Re: It doesn't make sense to live in Zug with 400k a year or less

Having read the article, it seems to be more slanted towards the cost of buying housing...is that part of it true, my Zug friends?
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Old 29.08.2011, 21:33
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Re: It doesn't make sense to live in Zug with 400k a year or less

Well as from 2012 Lucerne will be the new canton with the lowest coorporate tax in CH. Maybe that will help Zug a little bit with its "Luxury-Problem"

To say you would struggle at 300K - 400K is sensationalistc.

Say if for a 4.5 bedroom flat you'd pay about 1000 more than where you live now (canton Schwyz aside), you would have to save 12K tax by moving to ZG to make it worth your while. I'd say for most people around 200K would be enough to "break-even"

(So glad I don't have an income high enough to dictate me where to live...)

Last edited by Evolver; 29.08.2011 at 22:00.
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Old 29.08.2011, 21:37
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Re: It doesn't make sense to live in Zug with 400k a year or less

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Having read the article, it seems to be more slanted towards the cost of buying housing...is that part of it true, my Zug friends?
Quite right! Not much available, and if available, then at exorbitant lease!
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Old 29.08.2011, 21:51
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Re: It doesn't make sense to live in Zug with 400k a year or less

Reading that article made me feel like I’m living in a bubble; in a country where 1 of every tenth household qualifies for millionaire status (even if in US $), and where it’s possible that a household making a mere 100,000 or less yearly qualifies for cantonal housing assistance of 500 francs monthly toward mortgage payments. Come to think of it, now I’m feeling like I’m living outside of that bubble. Good thing the mountains are free
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Old 29.08.2011, 22:11
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Re: It doesn't make sense to live in Zug with 400k a year or less

I know I wouldn't move to Zug for less than half a million. Granted I'd live in Vaud for a quarter!
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Old 29.08.2011, 22:21
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Re: It doesn't make sense to live in Zug with 400k a year or less

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I wouldnt live there unless I earned 500k+. It is such a dreadfully dull place and the tax saving would have be significant. A 100m of old town and a lake does not a paradise make.

AYB
So I wont wind you up by suggesting I move there! Best FMF
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Old 29.08.2011, 22:28
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Re: It doesn't make sense to live in Zug with 400k a year or less

Meaning , Madoff won`t come to ZugI lived for free for 17 weeks in Zug 1960
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Old 29.08.2011, 22:34
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Re: It doesn't make sense to live in Zug with 400k a year or less

Jeeee...I make sooooooo much less than that. I gotta move to Bangladesh pronto.
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Old 29.08.2011, 22:45
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Re: It doesn't make sense to live in Zug with 400k a year or less

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If you make 300,000 or 400,000 francs, you struggle.


The word "struggle" is so delightfully nonchalant in this context, like a subtle mockery.
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Old 29.08.2011, 22:55
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Re: It doesn't make sense to live in Zug with 400k a year or less

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Well, one needs the Ferrari to commute, the Maserati for family visits and the Porsche Cayenne for the groceries. Imagine the maintenance costs...
So do your own maintenance, that's what I do with my Ducatis!

Of course, on a power/weight basis, factoring driver weight (which most neglect), even my 26 year old Guzzi LeMans is faster! (after a couple roll-ons up the Gotthard last year against a Maranello, he gentalmanyly admitted defeat against my 999R)

Tom
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