Why though? They have an incredible amount of property and declining population numbers.
Through the use of simulation, the conclusion is reached that the 100-year mortgage has failed to increase the affordability of homes. Instead, affluent homeowners are more likely to employ long-term mortgages as an estate-planning tool to reduce inheritance taxes.
100 year mortgages are already a thing in Japan. Generational wealth? LOL - let me introduce you to generational debt.
https://www.sciencedirect.com/science/article/abs/pii/1061951895900047
Well that is depressing.
In Switzerland most mortgages don’t have limits. For tax purposes, it only makes sense to pay off a mortgage before retirement.
May I present Infinity Mortgages from Canada.
Why though? They have an incredible amount of property and declining population numbers.
Ah, that’ll do it.