They will take anything they can get.
Germany realized people put all their money in house construction, so now they discuss reverse-mortgages on houses.
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I'm thinking that's the plan for Australia and New Zealand, as well. Nobody has anything except houses, so that's where you need to take it from.
How could reverse mortgage work in practice?
They did one here before, I think in the 1950s. They value the houses (they just did this for all homes, 2 years ago), and then they put a 20% state mortgage on everyone's house and you repay the state over 10 years or so. The state confiscates your equity and you buy it back.
That'd be outrageous. 🤔 what you describe is totally different from how wikipedia defines the concept.
> Reverse mortgages allow older people to immediately access the home equity they have built up in their homes, and defer payment of the loan ...
Where can I read about this being discussed like you wrote?
Reverse mortgage - Wikipedia