The 100-Year Mortgage is Coming: How to Position Your Family to Avoid It - Financial Freedom, #218 - E-book - ePub

We should all strive to build generational wealth through real estate. However, we cannot expect our kids to purchase a home by themselves. The housing market contains many new players, including institutional investors, foreign investors, and Airbnb operators. All this new traffic increases prices, so our kids won't be able to participate. However, this is a prime time for lenders to introduce 50-year and 100-year mortgages to the general population. If our kids fall prey to these loans, they will become indentured servants for their lifetimes.
The best thing we can do is start thinking about housing for them now. By the time our kids get into a position to purchase a home, they may be 50 years old. Therefore, we need to start doing the legwork to assist them early. If not, they will face a bleak future. Good Luck!