[Hondaracer]

Multi-generational mortgages are already happening here. Not to that Japanese extent but how do you think the 20,000 sq ft berry farm mansions get paid for

My mom was a lender for coast capital for 30 years, and she explained how coast capital would take on loans that no “traditional” bank would ever take on in the form of MASSIVE lines of credit with 10+ co-signers. Buddy guy and his family would have his dad, grandma, grandpa, brother, cousin all co-sign.

They would then generally only pay down the interest on said line. However, my mom said the culture within the EI community etc. is that they will -never- miss a payment. If buddy guy #1 can’t make it, someone will.

Get 3 generations in a 20,000 sq ft with a 6 million dollar line of credit and everyone can have a bimmer or an Escalade as well, not too shabby