Re: House pricing
People don't buy and sell houses here to make money, the great majority don't buy at all.
So, if you buy you do so for the long term. Don't buy and think you'll trade up in three or five years time.
The price ultimately is greatly influenced by the area. If your place is in a good area or indeed it becomes more affluent over time than its price will increase. If it doesn't and things fall apart locally, than its price will fall.
We got a place near the HQ of Nestle which is in Vaud. Its value over the last 20 years I suspect has almost doubled. But wait... I have no control over Nestle, if they hire a Chinese CEO in 2030 and he wants to move the HQ to Bejing, then I suspect the value of everything in the area will drop by 75% over night.
Mad things happen. Nestle had it IT HQ in Vevey until quite recently, but decided to move it to Spain. They will axed '000 of well paid jobs in the process over the next few years, shit happens.
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