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04.05.2011, 13:23
|  | Forum Legend | | Join Date: Nov 2009 Location: Basel
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| | | Re: Reevaluating my life and need advice please.
| Quote: | |  | | | I'd use part of it to buy your own place since rent is dead money. I'd invest the rest into something that generates you an income. | | | | | Although I think owning a property is a good idea (UK background; it's sort of drilled into us from birth) I don't see rent as "dead money".
Rent is paying for somewhere to live. Like paying for food, or a TV, or a car, or a train ticket. You pay something - you get something.
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04.05.2011, 13:25
| | Forum Legend | | Join Date: Feb 2008 Location: Zurich
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| | | Re: Reevaluating my life and need advice please.
| Quote: | | | | | Although I think owning a property is a good idea (UK background; it's sort of drilled into us from birth) I don't see rent as "dead money".
Rent is paying for somewhere to live. Like paying for food, or a TV, or a car, or a train ticket. You pay something - you get something. | | | | | So you pay rent for 20 years and you get nothing. You pay a mortgage and in the UK you have paid for a house in full. Here you pay for 1/3 of your house by then (if you only paid the minimum).
Buying a home is drilled into us back in Australia. I couldn't image I could afford paying high rents when i'm retired.
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04.05.2011, 13:37
| | Forum Legend | | Join Date: Nov 2009 Location: Vaud
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| | | Re: Reevaluating my life and need advice please.
id move the hell out and go to thailand or something and live the rest of my life as a king
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04.05.2011, 13:41
|  | Forum Veteran | | Join Date: Mar 2008 Location: Adliswil (close to Zurich)
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| | | Re: Reevaluating my life and need advice please.
| Quote: | | | | | I'd use part of it to buy your own place since rent is dead money. I'd invest the rest into something that generates you an income. | | | | | I don't know. If you buy a house using a mortgage you're basically renting from the bank. Plus you have to make repairs and pay for repairs yourself  | | The following 5 users would like to thank BasP72 for this useful post: | |
04.05.2011, 13:41
| | | | Re: Reevaluating my life and need advice please.
| Quote: | | | | | I'd use part of it to buy your own place since rent is dead money. I'd invest the rest into something that generates you an income. | | | | | It's all fun and games until you get into negative equity.
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04.05.2011, 13:45
|  | Forum Veteran | | Join Date: Nov 2007 Location: Ammerswill
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| | | Re: Reevaluating my life and need advice please.
Invest 380 k at the best rate you can get, take the other 20 and travel, south america,south-east asia do some trekking in nepal.You have plenty of time and cash to see the world and still have your nest egg when you come back refreshed and maybe with a better idea of what to do. The world is your oyster. Remember that the things you own end up owning you.........  | | The following 3 users would like to thank simonminissale for this useful post: | |
04.05.2011, 13:45
| | Forum Veteran | | Join Date: Mar 2008 Location: Adliswil (close to Zurich)
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| | | Re: Reevaluating my life and need advice please.
to the OP:
have you thought about the Schwarzwald area in Germany just accross the border ? There are very nice houses for sale which you can buy for 400000chf, no mortgage necessary: http://www.immobilienscout24.de/expo...tisee-Neustadt http://www.immobilienscout24.de/expo...tisee-Neustadt#
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04.05.2011, 14:19
| | Junior Member | | Join Date: May 2011 Location: Zurich
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| | | Re: Reevaluating my life and need advice please.
Thank you everyone for the replies.
|
04.05.2011, 14:31
|  | Forum Legend | | Join Date: Jul 2008 Location: canada
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| | | Re: Reevaluating my life and need advice please.
| Quote: | | | | | Really appreciate all the replies. One can't travel too much but I have done a lot of that already and ridden lot of motorbikes too.
I think what I am looking for is to maybe settle down and have a proper base in Zurich. I don't mean settle down in the sense of getting married because I really enjoy my independence and not being tied to any one woman. I am bit of a free spirit but by settling down I mean maybe having my own small flat.
The problem is no bank will probably look at me. | | | | | http://en.wikipedia.org/wiki/Zurich,_Ontario
Love that place  | | This user would like to thank cannut for this useful post: | |
04.05.2011, 14:35
| | | | Re: Reevaluating my life and need advice please.
| Quote: | | | | | | | | | | Must be the August bean festival.
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04.05.2011, 14:40
| | Member | | Join Date: Apr 2011 Location: Geneva
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| | | Re: Reevaluating my life and need advice please.
1 - Move to Bahamas (or another suitable tropical country with no capital gain tax).
2 - Spend 100k learning how to trade during a year or two. Just trial and error, no fancy (and useless) courses.
3 - Use leverage on the 300k left and trade for a living.
4 - Decide what country to buy.
5 - Don't look back.
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04.05.2011, 14:42
|  | Forum Legend | | Join Date: Dec 2010 Location: Lugano
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| | | Re: Reevaluating my life and need advice please.
| Quote: | | | | | So you pay rent for 20 years and you get nothing. | | | | | You get 20 years of not having to do upkeep and maintenance, repairs, etc.
You also get 20 years of not having to pay income tax on the rental value of your home.
Definitely worth it.
Tom
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04.05.2011, 14:42
| | Forum Legend | | Join Date: Jul 2008 Location: canada
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| | | Re: Reevaluating my life and need advice please.
| Quote: |  | | | Must be the August bean festival. | | | | | Very good  do you know the place ??
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04.05.2011, 14:43
|  | Forum Veteran | | Join Date: Nov 2007 Location: Baden region
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| | | Re: Reevaluating my life and need advice please.
So that was the 7 hit wonder...
Do you think he'll ever be back?
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04.05.2011, 14:45
|  | Forum Legend | | Join Date: Jun 2008 Location: Baden
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| | | Re: Reevaluating my life and need advice please.
I found nice selfless advice:  | | This user would like to thank Ouchboy for this useful post: | |
04.05.2011, 14:45
|  | Forum Legend | | Join Date: Sep 2009 Location: Zurich
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| | | Re: Reevaluating my life and need advice please.
| Quote: | | | | Must be the August bean festival. | | | | |
AND Justin Bieber is from just an hour away!
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04.05.2011, 14:48
| | Forum Legend | | Join Date: Jul 2008 Location: canada
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| | | Re: Reevaluating my life and need advice please.
| Quote: | | | | | AND Justin Bieber is from just an hour away! | | | | | Eh ! I am impressed  Must be the place to be then London 1 hour from zurich,3 hour to Toronto,3 hour to Detroit.$400,k buys you more then a house
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04.05.2011, 14:49
| | | | Re: Reevaluating my life and need advice please.
| Quote: | | | | | AND Justin Bieber is from just an hour away! | | | | | Sorry, but the bean festival holds more pzazz for me...
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04.05.2011, 14:50
|  | Forum Legend | | Join Date: Aug 2009 Location: Zugerberg, Zug
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| | | Re: Reevaluating my life and need advice please.
| Quote: | | | | | So that was the 7 hit wonder...
Do you think he'll ever be back? | | | | | He got the advice he needed...
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04.05.2011, 14:52
| | Forum Legend | | Join Date: Feb 2008 Location: Zurich
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| | | Re: Reevaluating my life and need advice please.
| Quote: | | | | | You get 20 years of not having to do upkeep and maintenance, repairs, etc. | | | | | ...and having to live another 20 years with an already 20 year old kitchen  | | The following 2 users would like to thank CH_Me for this useful post: | | |
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