4 ms·

Things got so bad in Japan during their property bubble that it led to such bad ideas as 100 year multi generational mortgages: https://money.cnn.com/magazines

• pavlov 6y ago
  100-year mortgages are common in Sweden. A few years ago the government even had to pass a law to limit mortgage terms to 105 years, because banks had started selling 140-year loans. It’s sort of a halfway house between renting and owning. As long as property values go up, both buyers and banks seem reasonably happy with the arrangement. Apparently the Swedish rental market is quite broken which led to this model, but I don’t know the details.
• mc32 6y ago
  I also don't think top down land use regulation/zoning is appropriate. That's best left to localities with the exception of large projects (state and federal). Why should Tokyo set zoning for Kagoshima?