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Old 01.02.2018, 22:28
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Re: buying Vs renting

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For us where we rent is fantastic and as we are still relatively new in Switzerland it works well for us. We have a fantastic Swiss neighbour who has helped us enourmously. Having three young children the help we get is worth more than the rent.

I feel that property prices are going to be reasonably stable for a long while. When we buy then we will pay cash and not borrow!

Loads of people are going to tell me this that and the other tax, investment and other reasons. However it is as simple as this, if you have no borrowing you own it, you cannot default and no one can take it away.
Well. lucky you, that you will have enough funds to be able to purchase a house outright, and not borrow, if you decide to purchase. Most of us Swiss people cannot ever save enough money like that in their lifetime, even if they start saving the minute they start working. They would be very young then. And cannot start to contribute to the 2éme pillier until they are 26. In the old days you could take half of that out, at a certain level, BUT, only to buy a house. Now, that is finished. You can only take it out at pension (65 men - 64 women) My nephew took half of his 2nd pillier to buy a flat about 9 years ago. He was about 54 years old. He will never, in his lifetime, own his property, but his children can take it over if they so wish.
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Old 01.02.2018, 22:47
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Re: buying Vs renting

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Well. lucky you, that you will have enough funds to be able to purchase a house outright, and not borrow, if you decide to purchase. Most of us Swiss people cannot ever save enough money like that in their lifetime, even if they start saving the minute they start working. They would be very young then. And cannot start to contribute to the 2éme pillier until they are 26. In the old days you could take half of that out, at a certain level, BUT, only to buy a house. Now, that is finished. You can only take it out at pension (65 men - 64 women) My nephew took half of his 2nd pillier to buy a flat about 9 years ago. He was about 54 years old. He will never, in his lifetime, own his property, but his children can take it over if they so wish.
In the 9yrs since the last post on the thread, they've probably got another house by now!
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Old 02.02.2018, 07:51
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Re: buying Vs renting

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In the 9yrs since the last post on the thread, they've probably got another house by now!
Also doesn’t know what he is talking about. I’ve just taken the majority of my 2nd pillar pension out to buy an apartment.
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