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  #61  
Old 21.02.2019, 18:24
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Re: Common ways to make it big in Zürich?

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Agreed. Never seen that before.
Many old houses here have very low ceilings
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Old 21.02.2019, 18:30
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Re: Common ways to make it big in Zürich?

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Many old houses here have very low ceilings
and high beds
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  #63  
Old 22.02.2019, 09:40
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Re: Common ways to make it big in Zürich?

Going back to the original topic....if you call 200 K CHF "big" then perhaps you're a bit misguided. In my books....that's chump change. Aim higher.


Do be like us corporate people and work for "the man". I work for "the man". However, you can have good work life balance at that salary in pharma for example, go get an Medical Degree, and join Medical Affairs in pharma - become Medical Director and you're there..get your 180 CHF salary plus 20 percent bonus. Few years later, become VP, head of franchise ....you're well above 200 .well well above that...and few years later become head of Medical Affairs and you're in the 400 K range or more at Executive Vice President level. There I told you how to do it.
Don't do a PhD, just get a Medical Degree. When you get there, for this advise, please give me 20 percent of your income..for the rest of your career.


OR with the Medical Degree...be smart..go into Aesthetics or Plastic Surgery..then you too will have a 3 to 4 million dollar house. If you do this, I want 40 percent of your income for the rest of your life.
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  #64  
Old 22.02.2019, 09:49
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Re: Common ways to make it big in Zürich?

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Going back to the original topic....if you call 200 K CHF "big" then perhaps you're a bit misguided. In my books....that's chump change. Aim higher.
I realise maybe you were (or weren't, I haven't seen you before) been sarcastic about this particular statement, but anyway just want to say for the benefit of anyone reading this that doesn't know Switzerland. 200k may not be an income of the rich, but it must regardless be respected as a good salary that is far above the average (and reach) of most of 95% of the worlds population. It will still afford you a very good lifestyle in Switzerland.
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  #65  
Old 22.02.2019, 10:03
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Re: Common ways to make it big in Zürich?

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I realise maybe you were (or weren't, I haven't seen you before) been sarcastic about this particular statement, but anyway just want to say for the benefit of anyone reading this that doesn't know Switzerland. 200k may not be an income of the rich, but it must regardless be respected as a good salary that is far above the average (and reach) of most of 95% of the worlds population. It will still afford you a very good lifestyle in Switzerland.
The median Swiss salary was 78000 chf in 2018, so even with a measly 120k you're doing alright....
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Old 22.02.2019, 10:44
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Re: Common ways to make it big in Zürich?

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I realise maybe you were (or weren't, I haven't seen you before) been sarcastic about this particular statement, but anyway just want to say for the benefit of anyone reading this that doesn't know Switzerland. 200k may not be an income of the rich, but it must regardless be respected as a good salary that is far above the average (and reach) of most of 95% of the worlds population. It will still afford you a very good lifestyle in Switzerland.


Exactly....not the income of the rich but respectable indeed. Chump change if you consider a goal of 3 to 4 million dollar home in CH...you don't get that working for "The Man". Homey the Clown would agree.
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  #67  
Old 22.02.2019, 12:24
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Re: Common ways to make it big in Zürich?

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Chump change if you consider a goal of 3 to 4 million dollar home in CH...
Just a reality check what 3-4 Mil buys you in Zurich…
Option 1: a 3.5 room flat with a view on the train tracks in Zurich West https://www.homegate.ch/kaufen/2147653794

Option 2: A row house from the 1920s. No mentioning of a parking space for your car… https://www.homegate.ch/kaufen/109181458
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  #68  
Old 22.02.2019, 12:35
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Re: Common ways to make it big in Zürich?

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Option 2: A row house from the 1920s. No mentioning of a parking space for your car… https://www.homegate.ch/kaufen/109181458
It's further down in the advert:

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GARDEN (front)
- large garden with seating, 2 parking spaces and mobility car!
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Old 22.02.2019, 13:01
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Re: Common ways to make it big in Zürich?

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It's further down in the advert:
How can they sell you a mobility car?
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Old 22.02.2019, 13:25
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Re: Common ways to make it big in Zürich?

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How can they sell you a mobility car?
There's a Mobility car parking space next to the house.

Not sure if that's a selling point - people coming and going at all hours with the potential to reverse into one of your own cars.

Thanks for the links though. You're right - 4 mil does not buy you much in Zurich. The 1920s house is pretty small for something with five floors.
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  #71  
Old 22.02.2019, 16:13
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Re: Common ways to make it big in Zürich?

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Exactly....not the income of the rich but respectable indeed. Chump change if you consider a goal of 3 to 4 million dollar home in CH...you don't get that working for "The Man". Homey the Clown would agree.
Indeed. Put a million down and with 400k income the bank will loan you the rest for a 3 million place. Which on a 1% 10 year fix would be IMO nicely affordable, but I’d be worried about coming off the fix at 5% and still owing 2m.

It’s funny that the OP thinks that kind of salary leads to super cars and 3-5m homes. I work with plenty of people who earn in that range and far higher and none of them drive anything more exotic than a 911 and only one lives in a spectacular house, but that is nothing to do with what he earns now. Watches on the other hand...
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  #72  
Old 22.02.2019, 16:45
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Re: Common ways to make it big in Zürich?

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Indeed. Put a million down and with 400k income the bank will loan you the rest for a 3 million place. Which on a 1% 10 year fix would be IMO nicely affordable, but I’d be worried about coming off the fix at 5% and still owing 2m.

It’s funny that the OP thinks that kind of salary leads to super cars and 3-5m homes. I work with plenty of people who earn in that range and far higher and none of them drive anything more exotic than a 911 and only one lives in a spectacular house, but that is nothing to do with what he earns now. Watches on the other hand...
True Swiss don't stick their excess salary into real estate, or cars, or watches even, but just find extra insurances they can buy.
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Old 22.02.2019, 19:27
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Re: Common ways to make it big in Zürich?

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Watches on the other hand...
Only on the left hand, not the other hand please. Dont do the double Rolex thing...
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Old 22.02.2019, 20:37
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Re: Common ways to make it big in Zürich?

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Only on the left hand, not the other hand please. Dont do the double Rolex thing...
the what now?
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  #75  
Old 23.02.2019, 08:34
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Re: Common ways to make it big in Zürich?

Might help to be a cat.

https://www.cnbc.com/2019/02/21/karl...ory%7C&par=msn


Then you can be top cat.
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  #76  
Old 24.02.2019, 23:09
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Re: Common ways to make it big in Zürich?

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Just a reality check what 3-4 Mil buys you in Zurich…
Option 1: a 3.5 room flat with a view on the train tracks in Zurich West https://www.homegate.ch/kaufen/2147653794

Option 2: A row house from the 1920s. No mentioning of a parking space for your car… https://www.homegate.ch/kaufen/109181458
Exactly this is the questions, how the hell do people earn that much to buy these homes? The cost of houses seem far above the average income. Much be people the earn 300.000-400.000 consistently over 20-30years. But how do they do that without being CEO's or BigBusiness Owners? I just don't get where all the wealth is coming from..
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Old 24.02.2019, 23:12
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Re: Common ways to make it big in Zürich?

There are only a handfull of mega corporations (https://www.topmba.com/jobs/15-fortu...ed-switzerland) that can pay these salaries. And only a handfull of jobs (top management & contractors) within these corporations that can pay theses salaries.
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Old 24.02.2019, 23:16
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Re: Common ways to make it big in Zürich?

Remember around 25% of your income will go to tax, pension, basics and so on. So all does not go to house.
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  #79  
Old 28.02.2019, 19:03
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Re: Common ways to make it big in Zürich?

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Only on the left hand, not the other hand please.
Why not?

I always wore mine on my RH (until I stopped wearing watches)

Tom
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Old 28.02.2019, 23:02
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Re: Common ways to make it big in Zürich?

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Exactly this is the questions, how the hell do people earn that much to buy these homes? The cost of houses seem far above the average income. Much be people the earn 300.000-400.000 consistently over 20-30years. But how do they do that without being CEO's or BigBusiness Owners? I just don't get where all the wealth is coming from..
Interest rates are extremely low. Let's say you can get one at 0.8 percent. That means you can borrow a million for 8000 a year, that's 667 a month. You don't exactly need to be rich to afford that.

Ok, the calculation is simplified somewhat. And obviously the interest rate is not the only part of the costs of owning a house. But it does show how the drop in rates has pushed real estate prices right up.
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