You don't have to pay it back. Until you die. And having made a substantial profit on that property (through luck or whatever) your beneficiaries could still be better off than if property prices had merely followed inflation.
(a) I don't need to be a home-owner to be able to borrow.
(b) I don't need to borrow anyway.
(c) What would I need to borrow for and why would it be "good" to pay interest on a loan I don't need and don't want?
(d) I realise that this doesn't apply to absolutely everyone, but your "You don't have to pay it back. Until you die" is a bit alarming. Like most people (I would say), I was brought up to be responsible with money and certainly not to let debt just ride, with interest accruing on a compounded basis.
There is no chance that I would leave my heirs to pay accumulated interest on a debt I don't need for things I don't want (and probably have enough to pay for anyway).
I bet that sounds odd to some people.
No. And neither is it an interest of mine (no pun intended).
Most require care of some sort towards the end of their life. Of course they may get if free from a relative. Many. however, will have to rely on what they can get from their local council, or pay the full costs.
But perhaps you think you'll have perfect health until you die?
The accumulated interest is simply taken out of the massively over-inflated price of your property(ies). They don't have to pay a single penny out of their *own* resources, do they ?.
Are they incapable of making their own way in life ?. They all got £65,000 of 'free' education from 5 to 18 and many got free Uni education too. If they arsed about in school and wasted that opportunity that's their lookout surely ?.
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