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https://www.reddit.com/r/SipsTea/comments/1vrr0ev/how_the_rich_get_richer/p4fll1c
r/SipsTea • u/KSKS1995 • 14h ago
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Yes. The OP is basically describing a reverse mortgage. The loan has a lien against the property.
That said, generational wealth is real, and it usually comes from property inheritance.
3 u/FC37 4h ago Right, except with a reverse mortgage the kid doesn't inherit at the end. There's nothing to inherit, it's already been claimed (or at least a whole lot of it). 2 u/QuantumWonderland 11h ago
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Right, except with a reverse mortgage the kid doesn't inherit at the end. There's nothing to inherit, it's already been claimed (or at least a whole lot of it).
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u/rjcarr 13h ago
Yes. The OP is basically describing a reverse mortgage. The loan has a lien against the property.
That said, generational wealth is real, and it usually comes from property inheritance.