And it keeps getting worse: crazy inflating property prices and matching rent hikes.
A French comedian did a local show. He made a joke that he was going around town looking at the shops. He saw a real estate office and was dumbfounded by the prices. He exclaimed how half a million for an apartment was insane. People laughed and someone mentioned he was way off, it’s worse than that. Half a million maybe gets you a small one-bedroom studio in a city, not an apartment.
Worth noting that homeownership has never been part of the Swiss Dream like it’s part of the American Dream. Still, the average Swiss person is significantly better of financially than the average American.
In Montreal,
Québec, 0.045% of the population own over 30% of residential properties.Edit: actually that’s 0.46% of property owners own 32% of rental properties in Montréal.
Source (French)
Only 36% of Swiss people own their homes.
And it keeps getting worse: crazy inflating property prices and matching rent hikes.
A French comedian did a local show. He made a joke that he was going around town looking at the shops. He saw a real estate office and was dumbfounded by the prices. He exclaimed how half a million for an apartment was insane. People laughed and someone mentioned he was way off, it’s worse than that. Half a million maybe gets you a small one-bedroom studio in a city, not an apartment.
Worth noting that homeownership has never been part of the Swiss Dream like it’s part of the American Dream. Still, the average Swiss person is significantly better of financially than the average American.
Same is true to some degree in Germany.
Ben La!!
Source?
Ah my bad I misread it last time.
“0.46% of the landlords own 32% of rental properties.”
Source (French)