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It's all fun and games, but you need to remember that this is Canton Vaud, one of the most fiscally irresponsible cantons/states in all of Switzerland. The arti

It's all fun and games, but you need to remember that this is Canton Vaud, one of the most fiscally irresponsible cantons/states in all of Switzerland. The article briefly mentions is, but a lot of this "cooperative" housing is heavily subsidized by the canton itself (the article mentions the cheaper 99-year lease but it goes way beyond that) and the resulting shortfall in money is paid for by other people (i.e 100,000CHF yearly income in Vaud is the massive marginal tax wall in Vaud). I've still, to this day, not managed to find out any detail about how these apartments are valued for the purpose of the VD wealth taxes (You can impute house price based on comparatives or rent, here obviously rent would be lower).

awongh 1y ago
It also mentions that during covid there were co-ops that went bankrupt. But they don't mention what the mechanism for that was- mismanagement?
- owenversteeg 1y ago
  I don't have any specific knowledge of Swiss co-ops, but I'd imagine it's some of the same reasons as other co-op buildings elsewhere: economic crash means residents can't pay rent or fees, improper budgeting for large future expenses that eventually come due, or poor construction or new safety requirements cause a huge expense. In Florida right now, in the wake of the Surfside disaster, a lot of condos are struggling with solvency because of the cost of the new safety requirements. Then there is always new technology (asbestos, aluminum wiring, spray foam insulation, polyurethane cladding) that will one day have to be remediated. Then there is climate change. I think the key is good management and good construction. Unfortunately, both of those things are very opaque for your average person.
throwaway47352 1y ago
This has nothing to do with Vaud fiscal irresponsibility. Cooperatives are all over Switzerland, very common in Zurich for instance they own 18% of the units. https://www.zb.uzh.ch/en/zuerich/Money-makes-the-world-go-round https://www.zb.uzh.ch/en/zuerich/Money-makes-the-world-go-ro...

awongh 1y ago

It also mentions that during covid there were co-ops that went bankrupt. But they don't mention what the mechanism for that was- mismanagement?

owenversteeg 1y ago
I don't have any specific knowledge of Swiss co-ops, but I'd imagine it's some of the same reasons as other co-op buildings elsewhere: economic crash means residents can't pay rent or fees, improper budgeting for large future expenses that eventually come due, or poor construction or new safety requirements cause a huge expense. In Florida right now, in the wake of the Surfside disaster, a lot of condos are struggling with solvency because of the cost of the new safety requirements. Then there is always new technology (asbestos, aluminum wiring, spray foam insulation, polyurethane cladding) that will one day have to be remediated. Then there is climate change. I think the key is good management and good construction. Unfortunately, both of those things are very opaque for your average person.

throwaway47352 1y ago

This has nothing to do with Vaud fiscal irresponsibility. Cooperatives are all over Switzerland, very common in Zurich for instance they own 18% of the units. https://www.zb.uzh.ch/en/zuerich/Money-makes-the-world-go-round https://www.zb.uzh.ch/en/zuerich/Money-makes-the-world-go-ro...