steviek,
Ok.
To buy a house requires massive debt - yes.
However, imagine borrowing some money for a house, then adding to that debt (not paying it down) for the next 16 years.
The surplus is in effect, paying your home loan back.
Your example is a reverse mortgage, when old seniors don't have any capacity to pay it back but get a loan against there house, interest on interest until they die. Loan is twice as much as they started, kids get less.
But this isn't bad at all is it.
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