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Old 26.05.2014, 19:47
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Buy furniture to move in: 291'000 worth!

Housing ad takes it to new limits:

furniture: 185'000.-
art: 67'000.-
old car: 39'000.-

http://www.homegate.ch/kaufen/104691...lt&cid=4003259

get it before it goes!
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Old 26.05.2014, 19:51
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Re: Buy furniture to move in: 291'000 worth!

I'll take the car but do I have to live in a factory in 8005?
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Old 26.05.2014, 19:57
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Re: Buy furniture to move in: 291'000 worth!

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I'll take the car but do I have to live in a factory in 8005?
Ideal for Grumpy; just the other side of the road
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Old 26.05.2014, 20:00
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Re: Buy furniture to move in: 291'000 worth!

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Ideal for Grumpy; just the other side of the road
Would need a lot of cheese to fill that place.
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Old 26.05.2014, 20:05
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Re: Buy furniture to move in: 291'000 worth!

That car would look much nicer parked at my place
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Old 26.05.2014, 20:11
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Re: Buy furniture to move in: 291'000 worth!

Why is there a fridge in the bathroom? Reminds me of the episode of Black Books where Bernard gets bladdered and uses what he thinks is a wicker toilet, in someone's kitchen.......

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Old 26.05.2014, 20:11
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Re: Buy furniture to move in: 291'000 worth!

Looks like 2 showers, but no bedrooms...yet. Bargain
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Old 26.05.2014, 20:13
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Re: Buy furniture to move in: 291'000 worth!

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BESCHREIBUNG (english description below)


That must be one of our fellow EFers!
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Old 26.05.2014, 20:13
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Re: Buy furniture to move in: 291'000 worth!

90 grand for a parking space?
and you can control the heating in each room? Visionary stuff!
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Old 26.05.2014, 20:20
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Re: Buy furniture to move in: 291'000 worth!

90k for a parkplatz?

15k here.

And only 67k of artwork?

The artwork we have is worth several times more than the apartment (but isn't mostly stored here )

Tom
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Old 26.05.2014, 21:23
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Re: Buy furniture to move in: 291'000 worth!

can i have the red cow please??
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Old 26.05.2014, 21:25
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Re: Buy furniture to move in: 291'000 worth!

Why are they selling their grandmother.... Or is an oldtimer something else?
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Old 26.05.2014, 23:01
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Re: Buy furniture to move in: 291'000 worth!

They obviously hope to start a bidding war.
Like with those "final chance to secure your piece of this one-of-a-kind lot of Afghan carpets before Mustafa Ali-bin-Shafty has to shut down his family-business of four generations"-sales....

Probably eyeing Russians or Ukrainians who are a bit in a hurry to diversify their portfolio, having recently aquired their permit...
Whoever buys that lot at the price truly deserves being shafted like this.
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Old 27.05.2014, 10:27
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Re: Buy furniture to move in: 291'000 worth!

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Why are they selling their grandmother.... Or is an oldtimer something else?
I was about to comment on it... nobody told the Swiss that the German word "Oldtimer" means something altogether different from the English "oldtimer"...
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Old 27.05.2014, 10:30
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Re: Buy furniture to move in: 291'000 worth!

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They obviously hope to start a bidding war.
Like with those "final chance to secure your piece of this one-of-a-kind lot of Afghan carpets before Mustafa Ali-bin-Shafty has to shut down his family-business of four generations"-sales....

Probably eyeing Russians or Ukrainians who are a bit in a hurry to diversify their portfolio, having recently aquired their permit...
Whoever buys that lot at the price truly deserves being shafted like this.
I worked in a restaurant that had a shop attached to it. The owner bought bottles for Russian women that would use the Spa upstairs- What I mean is he bought bottles of the most expensive Vodka he could find, then put 15,000 CHF price tags on them. These women, only Russian women, would come in and demand his most expensive bottle. He sold atleast 2 of the most expensive thing he could find on the internet, hand delivered from wherever in the world, atleast twice a week.


People that ask these kinds of questions, get these kinds of results.
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Old 27.05.2014, 10:33
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Re: Buy furniture to move in: 291'000 worth!

This is a simple tax dodge.

The stuff is worth a lot less - but (maybe) the apartment more. So, the seller overvalues the stuff, and undervalues the apartment. When they sell - they are liable for lower capital gains.

HOWEVER that means the buyer may end up with high capital gains when they resell - unless they repeat the trick.

This is not uncommon on "high end" properties - especially if there is competition for the property.
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Old 27.05.2014, 10:50
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Re: Buy furniture to move in: 291'000 worth!

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And only 67k of artwork?

The artwork we have is worth several times more than the apartment (but isn't mostly stored here )

Tom
But of course Tom, the fact you have artwork worth several times the value of your apartment would never be in doubt.
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Old 27.05.2014, 10:58
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Re: Buy furniture to move in: 291'000 worth!

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This is a simple tax dodge.

The stuff is worth a lot less - but (maybe) the apartment more. So, the seller overvalues the stuff, and undervalues the apartment. When they sell - they are liable for lower capital gains.

HOWEVER that means the buyer may end up with high capital gains when they resell - unless they repeat the trick.

This is not uncommon on "high end" properties - especially if there is competition for the property.
My thoughts exactly.
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Old 27.05.2014, 11:32
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Re: Buy furniture to move in: 291'000 worth!

To add to what I said earlier, this is often common on death for properties in the "right" locations. The heirs remove from the property anything specifically bequeathed, or anything they argree amongst themselves to take.

These properties often sit on relatively large plots with a low volumn usage percentage - and competition can be stiff between purchasers. Buyers are then effectively paying the seller for something the seller would have had to pay to have removed!! And massively reduce the capital gains tax due.
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Old 27.05.2014, 11:36
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Re: Buy furniture to move in: 291'000 worth!

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To add to what I said earlier, this is often common on death for properties in the "right" locations. The heirs remove from the property anything specifically bequeathed, or anything they argree amongst themselves to take.

These properties often sit on relatively large plots with a low volumn usage percentage - and competition can be stiff between purchasers. Buyers are then effectively paying the seller for something the seller would have had to pay to have removed!! And massively reduce the capital gains tax due.
But what happens if there is not a great interest and you offer to buy the apartment only, owner can take the furniture, art and car... Or they won't agree on that?
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