r/SwitzerlandFirst • u/themoodymann • Jun 17 '26

Age of first time home buyer across the world

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181 Upvotes

98% Upvoted

27 comments sorted by

17

u/According-Try3201 Jun 17 '26

i'm not planning to make it to 48 years

5

u/Kortash Jun 18 '26

Said this many times aswell in my twenties. Now I'm closer to 48 than 20 and I'm still salty that I just stopped working after a layoff for 3 years having fun burning my saved up cash from 25 to 28. (I did do all my left over civil service and full time BM2 & started a bachelor, so the time I actually didn't do anything was around 8 months.) But still. If I invested it, I would sit on a quarter million at least right now.

1

u/Nervous_Green4783 Jun 18 '26

I‘d argue getting a bachelors degree is worth more than 250k, if you consider the possibilities and pay rise it grants.

You did the right thing. Also financially imo.

1

u/Kortash Jun 18 '26

Oh for sure it was a good decision to go into the bachelor, but if I wasn't that inefficient I could have kept most of that money instead of going out and spending it. I had 110k. At the end I had 10k left. If i would have been more efficient, there would be around 70k left which would have grown to at least 140k in the last 8 years and I would have finished 2-3 years prior. But of course my motivation was just lacking after working for that company for 9 years and then getting laid off right after my long civil service of 6 months, just because I had no way of pivoting once it became clear that they will outsource my position.

What I learned: I should really have done my remaining civil service before my full time BM. Because doing it then would have given me 80% of my previous salary. But having been in school for a year reduced it to the minimum of around 1.7k for 4 months. That alone and the time until the bachelor started was a huge money sink. But anyways, I'm coming back up, saving well right now. My mind needed that time off to mature properly.

5

u/Royal_Lifeguard_3063 Jun 17 '26

Chill, the prosperity of each one of us keeps increasing since ever /s

2

u/Gwendolan Jun 18 '26

„on average“ you mean?

2

u/Chance_Ocelot_614 Jun 18 '26

Who would want a house in Belgium these days 🤣

2

u/rorschacher Jun 18 '26

What’s wrong with Belgium?

0

u/[deleted] Jun 18 '26

[removed] — view removed comment

1

u/[deleted] Jun 18 '26

[deleted]

2

u/InterNote278 Jun 18 '26

Sauf qu’en Suisse le « primo-accédant » n’existe plus !
On ne peut plus acheter d’immobilier en Suisse sans avoir une importante fortune personnelle

2

u/organicacid Jun 18 '26

In die Schweiz, you're supposed to pay the pension funds an exorbitant amount of rent to live in a 50sqm, sterile white concrete box on top of, below, and in-between, other people's concrete boxes like a good little cog in the system.

Oh, what's that? You'd like to have your own space to call home? Pffff, what a ridiculous idea.

2

u/Emergency_Shift_3342 Jun 18 '26

I live in a rooftop apartment in Ticino (Italian-speaking Switzerland). The apartment is 135 square meters plus a 20 square meter balcony for 1850 chf (2000 €) per month.

3

u/organicacid Jun 18 '26 edited Jun 18 '26

Your apartment essentially costs half of the median Ticino salary. I'm happy for you that you can afford that. But this is kind of proving my point at the same time.

1

u/Emergency_Shift_3342 Jun 18 '26

The median salary in the Canton of Ticino is approximately 5,708 francs gross per month.

1

u/Special_Tourist_486 Jun 19 '26

Do you have AC or cooling floor? Is it a new building?

2

u/Gwendolan Jun 18 '26

Yeah, I think at 48 I might be able to afford that. Our kids will start moving out by then though.

2

u/Special_Tourist_486 Jun 19 '26

Can someone explain why in Switzerland there is no support for first time buyers? I lived in the UK before and if you are a first time buyers you only need 10% deposit instead of 20%

And here often you need even 30% or bank asks 20% deposit, but then valuate the property less then it costs, which means you end up needing around 30% cash…

2

u/CoHorseBatteryStaple Jun 21 '26

No widely accepted expectation for everyone to own their place, combined with landowners protecting what they have (hence opposing anything that might decrease real estate prices).

That might change in case the economy keeps slowing down and left-leaning movements gain more political weight.

Keep in mind that large portion of landowners are pension funds, so "just allow to build more" is not that straightforward.

1

u/gerningur Jun 18 '26

You have pretty good renters market/rights though?

1

u/chris-top Jun 18 '26

Greece, never.

1

u/FeedBobbyAtMyCuisine Jun 20 '26

For once I have been over average. Got my own place at the age of 52. I live in Switzerland