Opting for 50-year loans lowers monthly costs, but the long-term risks are mounting.
The use of housing loans with terms of up to 50 years, far longer than the standard 35-year term, is spreading among younger generations in Japan amid a rise in housing prices.
Young Japanese are buying the properties of their choice by reducing monthly payments, but a longer loan term raises the total repayment amount and keeps company employees paying even after they retire.
