…it’s just less convenient if you need to travel to e.g. Zurich 5 days a week. It’s also why I’d like to get a mid-level job nearby - something which is stimulating but not all the hassle. I was in the running for such a job which I could travel to with a 15 min bicycle ride but - no surprise - they assumed I’d leave after 12 months for something bigger. It’s really unfortunate that hiring decisions have difficulty comprehending that there are good people with good experience out there who could add value but that are not necessarily interested in bigger title, higher comp, etc. anymore.
Anyway, 1 day a week doing stock market, 1-2 days a week doing paid advisory work, and then time off for other stuff is not a bad way to live either
Regarding the sunshine issue - I read about that before moving here and it leaves me puzzled. I also live by a mountainside which creates some shade as the sunsets but we’ve never felt it was a major issue.
Where I used to live I’d have to stretch myself on a small balcony to see a tiny bit of Lake Zurich. Here, I have full lakeview from every room. Not much beats standing under the shower in the morning and daydreaming while facing the floor to ceiling window with a panorama view of lake and mountains.
Really a non-issue. Sure, we don’t have the perfect late evening setting sun view but we still get the ambient light late in the day and during most of the day warm sun. It’s not at all that we’re excessively in the shade and we’re in a corner with mountain sides around 2 sides of our house. Every person/location may be different though and, as most people know who’ve been in CH for a while, finding the right place to buy requires balancing a lot of factors and finding a compromise between them. We in the end fixed that by spending more than we had intended ( ) and by looking a bit further away than we had initially preferred. Can only say that I’m extremely happy with our choice. The town is in the top 5 of best places to live in Switzerland, quality of life is excellent, taxes are extremely low, house prices continue to rise here, etc. - no complaints.
With that kind of portfolio, I’d probably diversify too tbh. Just make sure you actually want to deal with tenants and property headaches in retirement
I’m in a similar situation to @bamboo but will retire in CH in 2-3 years (early '60s). My outlook is different in that I have no intention of acquiring property to either live in or as an investment.
Our current wonderful Attika apartment with lake view would be at least CHF 2.5m to buy (not that it is purchasable) but my rent would be covered by the investment yield on, say, CHF 1.5m of my portfolio so to me this seems a no brainer. Also given the owner is a big building firm in a development of 50 Units, I can’t see them wanting to evict us. (If I lived in the UK/Ireland/USA where there is no real Security of tenure… then owning would be a must). Also I don’t have any maintenance issues with repairs etc.
I’m also selling 2 overseas rental properties at the moment (both have been rented for 18-21 years respectively) to rid myself of the work overhead and indeed to get a better yield on the embedded equity in these units. The increase in regulation and tenants rights is also a consideration.
I can certainly understand that logic. I was thinking about this myself but have so far decided to keep real estate to have a bit of diversification in assets, but I wonder also whether to sell it off and invest in REITs instead to save some hassle.
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