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'America will become a renter nation': Grant Cardone warns the US could see 100-year mortgages — says we might even rent our clothes (finance.yahoo.com)
submitted 2 years ago by to c/news@lemmy.world
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[–] 18 points 2 years ago (2 children)

Only 36% of Swiss people own their homes.

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  • [–] 6 points 2 years ago

    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.

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  • [–] 3 points 2 years ago

    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.

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