843
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 10 Oct 2026
843 points (98.7% liked)
politics
31414 readers
4289 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles. Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to US politics and contain quality and original content. Social Media adjacent hosts like Substack are allowed, but ONLY if they tie back to a company/subsidiary. No personal or friend group blogs and no self-promotion. Articles should be worth reading. Clickbait, stub articles, and re-hosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing other users of being bots or paid actors.
- No memes, trolling, misinformation, or low-effort posts/comments (including reposts). If you see posts like this that anger you, do not engage. Report, block, and live a happier life than they do. Any slap-fight is subject to comment removals. Fights full of rule violations will result in temporary bans to cool off.
- No manipulating votes via bots or alt accounts; this will result in permanent bans. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in an account ban. Usernames containing racist, or inappropriate slurs will be permanently banned.
We ask that the users report any comment or post that violate the rules and use critical thinking when reading, posting, and commenting. Users that repeatedly have comments or posts removed, weaponize reports, or violate the code of conduct, will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users. The reason(s) behind moderator action(s) are publicly available through the Modlog.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 3 years ago
MODERATORS
You should look into serfdom or feudal land tenure if you think mortgages are something new. They're just an iteration of a system that has existed for a long time. Also, unsurprisingly, mortgages exist pretty much everywhere. The financialization of them might be more of a US problem indeed but the other points stand.
Serfdom was a consequence of Land Barony, which became a formal process of effectively robbing peasant farmers at swordpoint. Land tenure was a consequence of Enclosure, which was a formal fencing off of public grazing lands by these same land barons. Both of these were prerequisites for the eventual advent of mortgages. But they required a lot more direct application of armed goons. And they were designed to expel native peoples to clear the way for settlers.
Mortgages are a debt vehicle used to move settlers onto seized land, not a military occupation designed to force native people off of it.
Post-WW2 US Hegemony cast a long shadow.
But you see mortgages in places where native people have been expelled, land has been enclosed and financialized, and new settlers have been ushered onto the land under debt peonage. Native people who have held onto their lands don't pay mortgages. They have no one to pay mortgages to, because nobody else has title to their property.