In my family its common to lend money. Amounts range from buying a car to downpayment for a house.
We are financially a diverse group. From poor to middleclass. That enabled buying houses and escaping rent for a lot of people.
Maybe the cultural and religios background is important in this context. I certainly would lend money and ask for many in my circle when in need.
lelanthran|2 years ago
Those communities that are more homogenous and well-knit (think of their community as an extension of their family) tend to have better success stories in escaping poverty than those that aren't.
And I'd guess it's precisely that positive feedback loop where the rich informally help the poor, and when the poor get rich, the loop repeats.