[Mortgage Is ‘Just A Fancy Bullsh*t Word For Paying Rent For 30 Years To The Bank,’ Says Real Estate Billionaire Grant Cardone — Here’s Why Renting Could Be A Better Financial Move
](https://finance.yahoo.com/news/mortgage-just-fancy-bullsh-t-171148202.html?guccounter=1)
A friend of mine worked in Switzerland for couple of years. It’s pretty much impossible to buy anything there because everything is owned by investment founds. He worked with two Swiss guys. One got lucky and married a women that inherited a piece of land and was able to build his own house. The other one was renting. According to my friend the levels or resentment and jealousy expressed by the latter were staggering. They pretend it’s a good model but in reality they know being forced to rent sucks. Don’t let this model become reality in other places.
In Switzerland, property ownership is super hard and very low in the country.
Purchase prices keep going up, same for rent. Even when interest rates were at rock bottom the rent was ridiculous. In some cities renting is a huge challenge with very low availability and high demand. +30 people would show up to visit an apartment the second it was put out to rent and people would use networking to boost their position to get one.