Nothin’ But The Rent

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If you’re part of the growing population that rents their homes (for example, 31% in Australia), rent seems to be a basic fact of life. The practice actually has its origins in pre-1789 France. In a “rente”, royals and their associates would borrow money from businessmen, paying a little back twice a year. However, the debt was only paid as long as a certain person—usually a public figure, but ultimately chosen by the lenders—lived. If that person died early, the contract was complete regardless of how much had been repaid. Read full article here

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