July 20, 2009 7:17:06 PM CEST
Have any of you had the chance to read the article in today's New York Times about the troubled housing market, "Gotta Move, Gotta Sell"?http://www.nytimes.com/2009/07/19/realestate/19cov.html
The first couple interviewed are US expats who relocated to CH, expecting to be able to sell their first house, but are unable to. The housing (and general living) costs in Geneva are contributing to their mounting debt.
A key quote: “I started getting worried in January. I’ve maxed out all my credit cards. Right now we’re stuck at Hertz for two hours trying to rent a car because none of the credit cards work — the wire transfer I made before we left apparently has a delay of several days.”
He says he feels the financial stress affecting him, but struggles to hide it.
“I take a lot of long walks through the mountains and try to stay optimistic.”
Just wondering what you think. Have any of you experienced similar troubles trying to sell real estate back home? Are the high costs of living in CH a struggle for you?