reverse or reverse mortgage

For the uninitiated, like myself until I read the article here, the reverse mortgage (whose synonyms are opposites, reversed, transmuted, distorted or contrary, among others) is a banking operation designed for the elderly or disabled, which consists of converting the appraised value of your home into cash. When the owner dies, the institution becomes the new owner of the property, unless the heirs pay the money that the bank gave to the deceased while he was alive. Wow, this is like whiting biting its own tail, only along the way it gets fat and fat the same people over and over again. First, when you’re young, you spend years paying the bank for your house, then, when you retire, you don’t have the resources to live in dignity, so you ask the bank to mortgage you upside down. As you can see, everything stays at home, in the bank, of course. Let’s see, the underlying problem is this system that brutally impoverishes the elderly. Just when they should be cared for and have the best living conditions, they find themselves with a ridiculous pension with which today they have to throw away, in many cases, their children and grandchildren. The average pension in Spain is 1,258 euros, what do you do with it? So the number of seniors turning to this crazy operation is getting bigger and bigger. In other European countries it was done much earlier and in greater quantities, the point is that our country is very respectful when it comes to inheritance, and parents like to leave something to their offspring. It doesn’t seem like a bad option to me (rented pensioners are much worse), because it’s preferable to give what you have and see how your loved ones enjoy it, rather than imagining the quarrels about the distribution when you leave. But it makes me angry that that little house you love is fattening on the usual whiting.