I come from a small factory town in Scandinavia (under 10k population).
Up until the late 80's the factory either provided ready-made housing or backed the loans of employees who wanted to build a home in the town.
That's how a bunch of my aunts and uncles got a cheap loan to build a home in their 20's. The bank had practically zero risk when a multimillion company was co-signing the loan.
Up until the late 80's the factory either provided ready-made housing or backed the loans of employees who wanted to build a home in the town.
That's how a bunch of my aunts and uncles got a cheap loan to build a home in their 20's. The bank had practically zero risk when a multimillion company was co-signing the loan.
reply