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Can't remember how's it called

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Comments

  • kaflinkle
    kaflinkle Posts: 137 Forumite
    Not as popular as it once was, at least in France in which it is called a viager.

    I didn't know they even existing in this country.
  • remorseless
    remorseless Posts: 1,221 Forumite
    indeed, makes you wonder why it's not so popular in other countries!
    Even if you have family it's a good way to raise some cash while living for whatever reason!
    The return of the SKI generation!!!
  • caronoel
    caronoel Posts: 908 Forumite
    I've been Money Tipped!
    Sounds quite ghastly, actually ... having an investor praying for your death every day.

    Similar to death bonds:
    http://uk.reuters.com/article/2015/05/26/uk-britain-deathbonds-fine-idUKKBN0!!!8L20150526
  • mjdh1957
    mjdh1957 Posts: 657 Forumite
    Part of the Furniture 500 Posts Photogenic
    There is a well-known French case where the elderly lady who entered into one of these agreements ended up living for a very long time and outlived the buyer.
    Retired in 2015.
    Moved to Ireland September 2017
  • jacko74
    jacko74 Posts: 396 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    remorseless wrote: »
    indeed, makes you wonder why it's not so popular in other countries!
    Even if you have family it's a good way to raise some cash while living for whatever reason!
    The return of the SKI generation!!!

    What's the SKI generation?
  • jjlandlord
    jjlandlord Posts: 5,099 Forumite
    kaflinkle wrote: »
    Not as popular as it once was, at least in France in which it is called a viager.

    Well, I guess that we can blame healthcare.

    It was a time when someone reached 80, betting against him 'lasting much longer' was a much safer bet that it is now.
  • remorseless
    remorseless Posts: 1,221 Forumite
    jacko74 wrote: »
    What's the SKI generation?

    Spending Kids Inheritance! I'll be one of those :j
  • slopemaster
    slopemaster Posts: 1,581 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    mjdh1957 wrote: »
    There is a well-known French case where the elderly lady who entered into one of these agreements ended up living for a very long time and outlived the buyer.

    Jeanne Calment.
    The buyer's son had to keep paying until she popped off at 121.
  • mjdh1957
    mjdh1957 Posts: 657 Forumite
    Part of the Furniture 500 Posts Photogenic
    slopemaster wrote: »
    Jeanne Calment.
    The buyer's son had to keep paying until she popped off at 121.

    Thanks for that. I couldn't remember her name.
    Retired in 2015.
    Moved to Ireland September 2017
  • [Deleted User]
    [Deleted User] Posts: 7,323 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    My Old Lady (with Maggie Smith) is a movie written about the situation - old lady who was a life time tenant in Paris, owed a monthly rental for the rest of her life. Down on his luck author inherits the property from his father which is worth oodles of money, discovers that Maggie Smith is in residence for as long as she lives. A few twists in the tale.

    Quite an entertaining movie, if a tad predictable. Maggie Smith can't be beaten lol.
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