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Look it's really simple. If don't borrow the money from your parents you will take a huge hit when interest rates increase substantially (will happen sooner than most think). If you borrow the money from them at 5% they'll be taking the hit when interest rates go up (missed returns).
 

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I think it's a bit more complicated than that. You're only looking at the interest rates, and making the assumption that rates will jump. There are a whole host of social and emotional aspects to the situation that make it far more complex than you suggest.
I was talking about the financial aspect of the question. Don't you think there will be a high inflation, with all the money printing going around? After all, the owners of capital will want to be compensated for the loss of purchasing power and make money on top of that, which will force rates much higher. It's only a question of time. If the government and the central bank manage to keep the fees low somehow, then look at what happened in Japan with their similar policy. Their RE prices are still more than 50% from the top after many, many years of low interest rates.
 
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