100 year mortgages

I'd heard about 50 year mortgages in Japan but inter-generational 100 year loans..... Thankfully we haven't had this discussed in Australia yet. Give it time.

I particularly like this quote from the article:

"This is about giving people options - not telling them how to live their lives, not telling them that they can only have a 25-year mortgage which has to be paid off at the end of the term," says Mike Lazenby, the chief executive of Kent Reliance.

People can be trusted to make decisions in their own best interests, right?

"It's worked in Switzerland and Japan, but in this country we do tend to think in straight lines - I think a bit of innovation should be encouraged."

You can't argue with that!