Only in Switzerland?

I have to admit this is something almost shocking in its originality: according to a letter I just received, my rent will actually decrease next year. I had never heard of anything like that happening anywhere…

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I am a professor of mathematics at ETH Zürich since 2008.

One thought on “Only in Switzerland?”

  1. My understanding, gleaned from the NY Times Real Estate section, is that rent reductions like this have been pretty common in NYC in the last couple years. The housing market collapse there also affected the rental market, so that overall rents have fallen noticeably. Thus landlords have been preemptively reducing rents for lease renewals to discourage their tenants from actively looking for a new place.

    I believe the same thing happened in the Bay Area after the dot-com bubble burst.

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