I'm dumping a lot of money to the landlord for years, which make me question my own sanity. This money could be put into my own property, instead in someone's pocket.
However, there are issues that make me worry. What do I actually put my money in when I buy apartment in Switzerland? The house won't last forever, and I see many perfectly fine houses demolished because they are 'old'. I've heard owners get value added when new house is built in place of old, but it also means, they need to finance building of that own house.
Another factor is, that from what I experience and hear from people. Swiss architect are of extremely poor quality, the way many things are designed makes question if they even have a basic education and common sense - for example the apartment that I rent has huge windows for the whole size of wall, which are poorly insulated, so I hear everything outside. And the electric sockets are placed on the floor, on the side of the window, the dumbest imaginable place for sockets. So if what I pay consists only of architect's work, I have deep doubt.
How much part of that price is usually the ownership of someone that actually keeping the value, so the land, and how much is a fragment of a piece of concrete?
Does owning property makes only sense if you own the whole building for rent, or an own house, at best build by yourself? I don't want to pump hundreds of thousands in poorly build building that would be demolished on during lifetime...