Go Back   English Forum Switzerland > Living in Switzerland > Daily life  
Reply
 
Thread Tools Display Modes
  #101  
Old 16.10.2012, 12:53
Junior Member
 
Join Date: Oct 2012
Location: London, UK
Posts: 96
Groaned at 3 Times in 1 Post
Thanked 35 Times in 21 Posts
Clocks&Clouds has become a little unpopular
Re: Cost of living vs London

Quote:
View Post
you can get even cheaper. i've seen 10 year fixes for 1.55%.

if you look at the rates, they were already on a downward trend. the peg had no discernible impact on that trend.
1.55% is unreal!

Interesting report:
http://www.swissinfo.ch/eng/business...l?cid=32902022

"Even if the European economic and financial situation improves, some Swiss banks may still not be out of the mire after loading their books with domestic mortgage loans in the last year, according to the SNB report.

The two big banks currently hold SFr241 billion ($250 billion) of domestic mortgage debt on their books, with half of this amount covering property in regions such as Zurich and Geneva where house prices are dangerously overheating.

But the biggest concern for the SNB is the SFr540 billion ($560 billion) held by smaller domestic banks – an increase in mortgage lending of 6.5 per cent last year.

...the biggest problem for smaller banks is their over-reliance on mortgage loans for revenue. Mortgages make up 70 per cent of their business and 90 per cent of all types of loans on their books.

The central bank welcomed the imminent introduction of tighter rules aimed at reducing risk in the mortgage market. But the SNB also noted that measures introduced last year to cool the market had failed to have much effect."

That 'over-reliance on mortgage loans for revenue' is partly being driven by the huge increase in money supply resulting from the peg.

Of course one big similarity between Britain and Switzerland is that both have vast banking sectors relative to their size.
Reply With Quote
  #102  
Old 16.10.2012, 12:56
Junior Member
 
Join Date: Oct 2012
Location: London, UK
Posts: 96
Groaned at 3 Times in 1 Post
Thanked 35 Times in 21 Posts
Clocks&Clouds has become a little unpopular
Re: Cost of living vs London

Quote:
View Post
there is a big divide between income in the UK.

in switzerland the income distribution is more compressed.
I believe gini before tax is very low in Switzerland.
Reply With Quote
  #103  
Old 16.10.2012, 13:40
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 14,777
Groaned at 284 Times in 189 Posts
Thanked 18,667 Times in 7,843 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: Cost of living vs London

Quote:
View Post
I believe gini before tax is very low in Switzerland.
if it is low before, it should be even lower after!
Reply With Quote
  #104  
Old 16.10.2012, 13:55
Senior Member
 
Join Date: Jan 2012
Location: Anywhere but deadheadland
Posts: 365
Groaned at 9 Times in 7 Posts
Thanked 261 Times in 139 Posts
jonbvn has an excellent reputationjonbvn has an excellent reputationjonbvn has an excellent reputationjonbvn has an excellent reputation
Re: Cost of living vs London

Quote:
View Post
Don't do it to the suckers buying the gatwick express tickets.
Even more of a ripoff on the Heathrow Express to/from Paddington. £18 one way last time I took it.
Reply With Quote
  #105  
Old 16.10.2012, 13:56
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 14,777
Groaned at 284 Times in 189 Posts
Thanked 18,667 Times in 7,843 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: Cost of living vs London

Quote:
View Post
Even more of a ripoff on the Heathrow Express to/from Paddington. £18 one way last time I took it.
in fairness, the heathrow express is much faster and provides a great service.
Reply With Quote
The following 2 users would like to thank Phil_MCR for this useful post:
  #106  
Old 16.10.2012, 21:17
symphara's Avatar
Member
 
Join Date: Jun 2012
Location: omw to Zurich via California
Posts: 119
Groaned at 10 Times in 7 Posts
Thanked 150 Times in 54 Posts
symphara has earned the respect of manysymphara has earned the respect of manysymphara has earned the respect of many
Re: Cost of living vs London

Quote:
View Post
I believe gini before tax is very low in Switzerland.
I think it's down to the percentage of people in work, relative size and cost of the public sector, and probably cultural homogeneity. Here in the UK a lot of people don't work - either as a lifestyle or because they cannot find jobs they like, and the unlimited welfare ensures they don't have to work. I think that one in five households now are workless, or something like that. Of course this leads to high taxes, high deficits and a lot of inequality on top.

From what I see unemployment in Switzerland is very small, and youth unemployment (which is a disaster here) is quite amazingly low. The Swiss are obviously more careful with immigration, so they kept better tabs to ensure they import fewer welfare dependants. With more paying in and fewer taking out, I'm not surprised income inequality is lower, budgets are balanced and taxes are lower!
Reply With Quote
  #107  
Old 16.10.2012, 23:17
flow23's Avatar
Forum Legend
 
Join Date: Mar 2007
Location: Zürich
Posts: 3,029
Groaned at 91 Times in 69 Posts
Thanked 1,777 Times in 963 Posts
flow23 has a reputation beyond reputeflow23 has a reputation beyond reputeflow23 has a reputation beyond reputeflow23 has a reputation beyond reputeflow23 has a reputation beyond reputeflow23 has a reputation beyond repute
Quote:
View Post
in fairness, the heathrow express is much faster and provides a great service.
what service and better than ch does for less money?
Reply With Quote
  #108  
Old 17.10.2012, 00:18
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 14,777
Groaned at 284 Times in 189 Posts
Thanked 18,667 Times in 7,843 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: Cost of living vs London

Quote:
View Post
what service and better than ch does for less money?
well, for a start, it is more punctual than the swiss railway service...
Reply With Quote
  #109  
Old 17.10.2012, 10:10
flow23's Avatar
Forum Legend
 
Join Date: Mar 2007
Location: Zürich
Posts: 3,029
Groaned at 91 Times in 69 Posts
Thanked 1,777 Times in 963 Posts
flow23 has a reputation beyond reputeflow23 has a reputation beyond reputeflow23 has a reputation beyond reputeflow23 has a reputation beyond reputeflow23 has a reputation beyond reputeflow23 has a reputation beyond repute
Re: Cost of living vs London

Quote:
View Post
well, for a start, it is more punctual than the swiss railway service...
in 6 years that i live in CH my train to work was "late" 4 times max (route ZH HB to Wollerau). in case i missed the connecting train, 5-10 mins later the next one is/was coming. so i was max 15mins late at work when in UK it was 30 mins plus and in germany with bad luck 1h. so on overall CH/SBB is way more punctual to what i experienced in UK and germany. from ZH airport you have every 3-5 mins another train, i have never been at such a busy frequented airport trainstation ever.
Reply With Quote
  #110  
Old 17.10.2012, 10:14
Senior Member
 
Join Date: Jan 2012
Location: Anywhere but deadheadland
Posts: 365
Groaned at 9 Times in 7 Posts
Thanked 261 Times in 139 Posts
jonbvn has an excellent reputationjonbvn has an excellent reputationjonbvn has an excellent reputationjonbvn has an excellent reputation
Re: Cost of living vs London

Quote:
View Post
in fairness, the heathrow express is much faster and provides a great service.

But £18 for 15 minutes is hardly good VFM.
Reply With Quote
  #111  
Old 17.10.2012, 10:49
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 14,777
Groaned at 284 Times in 189 Posts
Thanked 18,667 Times in 7,843 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: Cost of living vs London

Quote:
View Post
in 6 years that i live in CH my train to work was "late" 4 times max (route ZH HB to Wollerau). in case i missed the connecting train, 5-10 mins later the next one is/was coming. so i was max 15mins late at work when in UK it was 30 mins plus and in germany with bad luck 1h. so on overall CH/SBB is way more punctual to what i experienced in UK and germany. from ZH airport you have every 3-5 mins another train, i have never been at such a busy frequented airport trainstation ever.
well assuming you made 2880 trips in those 6 years, 4 late trains is still worse than heathrow express.

my experience of trains in switzerland is much worse averaging 2-3 late trains per month here.

Quote:
View Post
But £18 for 15 minutes is hardly good VFM.
£18 for the distance is not bad and is comparable (but still more expensive) than the train from zurich HB to zurich airport.

only 15 minutes is part of the good service - it is fast and that is what i pay for. i think it is around twice as fast as zurich to zurich airport when you adjust for the distance.

the other good thing about london, is that you don't need to pay this fare if you don't want to: there's the cheaper option of taking the tube which costs only £2.90 to heathrow (off-peak).
__________________
By replying to this post, you hereby grant Phil_MCR a royalty-free license to use, in any way, anything posted by you on the internet. If you do not accept, stop using EF and delete your account.
Reply With Quote
The following 3 users would like to thank Phil_MCR for this useful post:
  #112  
Old 17.10.2012, 14:05
Senior Member
 
Join Date: Jan 2012
Location: Anywhere but deadheadland
Posts: 365
Groaned at 9 Times in 7 Posts
Thanked 261 Times in 139 Posts
jonbvn has an excellent reputationjonbvn has an excellent reputationjonbvn has an excellent reputationjonbvn has an excellent reputation
Re: Cost of living vs London

Quote:
View Post
£18 for the distance is not bad and is comparable (but still more expensive) than the train from zurich HB to zurich airport.

only 15 minutes is part of the good service - it is fast and that is what i pay for. i think it is around twice as fast as zurich to zurich airport when you adjust for the distance.

the other good thing about london, is that you don't need to pay this fare if you don't want to: there's the cheaper option of taking the tube which costs only £2.90 to heathrow (off-peak).
£18 for 15 minutes on the HEX or £3 for 45 minutes on the U/G. HEX is still overpriced and under utilised.
Reply With Quote
  #113  
Old 17.10.2012, 14:15
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 14,777
Groaned at 284 Times in 189 Posts
Thanked 18,667 Times in 7,843 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: Cost of living vs London

Quote:
View Post
£18 for 15 minutes on the HEX or £3 for 45 minutes on the U/G. HEX is still overpriced and under utilised.
same debate as travelling first class. some people think it is worth it. others don't.
Reply With Quote
  #114  
Old 17.10.2012, 14:18
jrspet's Avatar
Forum Legend
 
Join Date: Jul 2007
Location: Quaint Wädenswil, Zürich, CH
Posts: 8,131
Groaned at 27 Times in 20 Posts
Thanked 7,036 Times in 3,912 Posts
jrspet has a reputation beyond reputejrspet has a reputation beyond reputejrspet has a reputation beyond reputejrspet has a reputation beyond reputejrspet has a reputation beyond reputejrspet has a reputation beyond repute
Re: Cost of living vs London

The HEX is way too expensive IMO.

It cost my guest less than CHF7 one way to HB or better still the Zürich Card.
Attached Thumbnails
cost-living-vs-london-gbp2chfzvv.png   cost-living-vs-london-zvvzrhcard.png   cost-living-vs-london-klotentohb.jpg   cost-living-vs-london-zrhflug2hb.jpg  
Reply With Quote
This user would like to thank jrspet for this useful post:
  #115  
Old 17.10.2012, 14:28
Senior Member
 
Join Date: Jan 2012
Location: Anywhere but deadheadland
Posts: 365
Groaned at 9 Times in 7 Posts
Thanked 261 Times in 139 Posts
jonbvn has an excellent reputationjonbvn has an excellent reputationjonbvn has an excellent reputationjonbvn has an excellent reputation
Re: Cost of living vs London

Quote:
View Post
same debate as travelling first class. some people think it is worth it. others don't.
I don't see the comparison, given the length of the journey.

We will have to agree to disagree.
Reply With Quote
  #116  
Old 17.10.2012, 14:36
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 14,777
Groaned at 284 Times in 189 Posts
Thanked 18,667 Times in 7,843 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: Cost of living vs London

Quote:
View Post
The HEX is way too expensive IMO.

It cost my guest less than CHF7 one way to HB or better still the Zürich Card.
zurich airport trip is about 1/3 distance of HEX route.

7x3 = 21 CHF /1.5 fx conversion gives £14. not too different. plus that route is slower mile for mile than HEX.

Quote:
I don't see the comparison, given the length of the journey.

We will
have to agree to disagree.
well people pay more to go first class on the same train just for more comfort. with HEX, you get more comfort and get there 3 times faster! you can think of it like the concorde of heathrow! and people paid a huge premium for that.

£15 for 30 minutes extra in your day is something i consider good value.

heck, i'd be happy to pay £150 and get 5 additional hours each day...
__________________
By replying to this post, you hereby grant Phil_MCR a royalty-free license to use, in any way, anything posted by you on the internet. If you do not accept, stop using EF and delete your account.
Reply With Quote
  #117  
Old 17.10.2012, 14:46
Senior Member
 
Join Date: Jan 2012
Location: Anywhere but deadheadland
Posts: 365
Groaned at 9 Times in 7 Posts
Thanked 261 Times in 139 Posts
jonbvn has an excellent reputationjonbvn has an excellent reputationjonbvn has an excellent reputationjonbvn has an excellent reputation
Re: Cost of living vs London

Quote:
View Post
you can think of it like the concorde of heathrow! and people paid a huge premium for that.
Flying to the USA is rather different to 30 mins extra on a train.
Reply With Quote
  #118  
Old 17.10.2012, 14:55
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 14,777
Groaned at 284 Times in 189 Posts
Thanked 18,667 Times in 7,843 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: Cost of living vs London

Quote:
View Post
Flying to the USA is rather different to 30 mins extra on a train.
yes. concorde saved you around 4 hours, whereas HEX saves you only 30 minutes. but time is time.

if you travel HEX 8 times, you save the same amount of time as a one-way concorde trip and pay only £120 for this. pretty good value!

concorde is also not so comfortable and that was an additional trade-off - with HEX you save time and have more comfort than the tube.
Reply With Quote
  #119  
Old 17.10.2012, 15:05
Senior Member
 
Join Date: Jan 2012
Location: Anywhere but deadheadland
Posts: 365
Groaned at 9 Times in 7 Posts
Thanked 261 Times in 139 Posts
jonbvn has an excellent reputationjonbvn has an excellent reputationjonbvn has an excellent reputationjonbvn has an excellent reputation
Re: Cost of living vs London

Quote:
View Post
if you travel HEX 8 times, you save the same amount of time as a one-way concorde trip and pay only £120 for this. pretty good value!

concorde is also not so comfortable and that was an additional trade-off - with HEX you save time and have more comfort than the tube.
Travelling by concorde does not bear comparison, since the cost delta was huge, such that it was more of a status symbol than a convenience.
Reply With Quote
  #120  
Old 17.10.2012, 18:07
Forum Veteran
 
Join Date: May 2009
Location: suburbs of LA, USA
Posts: 934
Groaned at 11 Times in 10 Posts
Thanked 873 Times in 439 Posts
BrianJW has a reputation beyond reputeBrianJW has a reputation beyond reputeBrianJW has a reputation beyond reputeBrianJW has a reputation beyond repute
Re: Cost of living vs London

Quote:
View Post
£18 for 15 minutes on the HEX or £3 for 45 minutes on the U/G. HEX is still overpriced and under utilised.
My experience form central London to Heathrow on the Underground is more than 45 minutes. I remember it as over an hour, very painful.

I live about as far from Zurich airport as the Heathrow Express is away from Heathrow. It takes an hour with a change of train and costs chf 22. I can drive it in no traffic thanks to the new highway in 40 minutes, which Id be very lucky to ever be able to do from Paddington. Doesn't make sense for certain parts of London but for close to Paddington its way way quicker than the Underground, much cheaper than a London cab, and similar in price to SBB price for a similar length trip.

Comparing Zurich airport to Zurich is a little unrealistic as they are much closer and Zurich is way smaller than London.
Reply With Quote
The following 2 users would like to thank BrianJW for this useful 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
Cost of Living - Frankfurt 60K € vs Zurich 90K CHF r0bert Daily life 21 04.10.2011 21:49
Strong CHF - Cost of living in Switzerland vs London/UK Flower Other/general 15 02.09.2011 13:56
Cost of living, tessin vs graubünden Ilcristian Daily life 3 14.03.2011 22:54
Cost of living in Waadt vs Aargau yacek Employment 7 22.03.2010 11:23
Cost of living - Switzerland Vs Germany? Snaark Finance/banking/taxation 10 31.07.2008 12:12


All times are GMT +2. The time now is 10:14.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0