You could argue that the housing market should be 100 % regulated (I’m not necessarily opposed to this idea), but that again breaks the premise of not drastically changing the society. We’re talking about whether loans are a necessity (or even a positive thing) in our society as it exists now.

Oh… No, this is fundamentally impossible without drastically changing the system. All our money is just made out of debt, when people stop taking loans it’s deflationary. If everyone paid off their loans today, the money goes poof

As for just keeping the Nordic model? I mean, you guys are widely held to be the best system currently…But you’re still just holding the wolves at bay. You’re not immune to the same forces, from my understanding you had a more communal starting place, were already developed, and have fought to stay where you are, but even despite all that there’s been erosion around the edges

Beyond that, at the end of the day, a system based on debt creates exponentially growing boom-bust cycles. Fractional reserve banking is just insane, it’s using a powder keg as a candle

Maybe the small loans with tight regulation juice things up and don’t cause too much harm… but IDK, I just think any other option would be better. Hell just print the money and give it as grants, don’t gamble and borrow from an uncertain future