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Old 19.06.2018, 21:05
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Re: Property Ladder in Switzerland?

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Apart from Meloncollie's woes with her house (or the neighbourhood), I haven't heard of many stories on here of people suffering any 'severe consequences'.

I have read many stories on here of people who through renting, have been made to feel pretty miserable through shared washing facilities, shared garages and unreasonable landlords.
Don't talk about shared washing facilities, it sucks badly!
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  #102  
Old 19.06.2018, 21:26
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Re: Property Ladder in Switzerland?

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Reminds me of a Scottish joke, Paddy and Mick....
irish surely?
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  #103  
Old 19.06.2018, 21:57
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Re: Property Ladder in Switzerland?

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If you saved up for 10 years to put a deposit on a house, only to have your equity wiped off and then some, would you broadcast it on here? I donít think I would...

.
People do tell those sort of stories but they start them by saying "My mate..." or "I know someone...."
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  #104  
Old 19.06.2018, 22:43
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Re: Property Ladder in Switzerland?

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The people who suffer from these kind of things tend to suffer in silence as they probably feel partly to blame. And letís face it, itís not a ďsexyĒ story.

On an unsympathetic forum like this they will be told that it was their fault for not doing enough research, for not seeing it coming, it was obvious they would say. The last things you would want to hear as someone who has lost money or was in negative equity or had their house repossessed by the bank.

If you saved up for 10 years to put a deposit on a house, only to have your equity wiped off and then some, would you broadcast it on here? I donít think I would...

Survivorship bias at its best.
This is true for pretty much everything though really.

Who is going to turn up on a Porsche forum to regale the time they found out the back half of their 911 Spyder was actually a Skoda ?
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  #105  
Old 19.06.2018, 22:55
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Re: Property Ladder in Switzerland?

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There is a way to quantitively compare different assets Iím sure. Xynth is normally good at this kind of stuff with him being a bit of quant...
To a good many, ownership itself has value and provides an (emotional) return. That's impossible to measure (I think) so you have nothing to quantify let alone objectively compare.
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  #106  
Old 19.06.2018, 23:54
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Re: Property Ladder in Switzerland?

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To a good many, ownership itself has value and provides an (emotional) return. That's impossible to measure (I think) so you have nothing to quantify let alone objectively compare.
Emotional returns have a utility value of zero. At least that’s how the utilitarian theory goes. It is also the reason why some people are able to make a good living out of controlling their emotions or simply due to lack of emotions.

No emotions is also the reason why computer trading algorithms can achieve verifiable results. They simply follow pre defined rules.

So any reliable comparison would clearly have to remove emotional returns out of the equation, because otherwise, I agree, there will always be someone somewhere with enough emotional returns to justify an otherwise really bad utilitarian decision.

In a perfect world the fundamentals (non emotional factors) are a “go” and if the emotions agree then it’s a clear win win.
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  #107  
Old 21.06.2018, 12:26
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Re: Property Ladder in Switzerland?

leverage? now this is leverage:

https://www.ft.com/content/46eff974-...d-3823e4384287

trader mistakenly allowed to place $5bn of trades with only a $20k deposit.

he made $10m which the brokerage has confiscated after closing his account.
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