The median income in NL is barely 30k, and savings are very low. An average loan of 15k is quite expensive for most. I think the worst part is that most of the

The median income in NL is barely 30k, and savings are very low. An average loan of 15k is quite expensive for most. I think the worst part is that most of the loan is used to pay rent - so it’s essentially tax-payer funded wealth transfer to real estate.