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It was also much more unusual to be in long-term debt as that often would have ended in serfdom-like situations. The ease of getting huge loans and credits nowa
by estaseuropano 5y ago
It was also much more unusual to be in long-term debt as that often would have ended in serfdom-like situations. The ease of getting huge loans and credits nowadays is very novel.
- schnitzelstoat 5y agoThe downside to this is that mass homeownership wasn't a thing at all. There was a huge class divide between the property owners who could accumulate wealth and those renting houses or tenement flats who were unlikely to ever be able to purchase their own property. Sadly, the insane UK housing market is causing such a divide to return.