concept   mortgages
culture   Asian countries
statement   Mortgages are less common in Asian countries due to cultural preferences and property ownership models, influenced by attitudes towards debt and financial difficulties.
3 similar statements
# Concept Culture Statement Freq.
1 foreclosure Asian countries Less common due to different attitudes towards debt and property ownership, and cultural emphasis on avoiding shame associated with financial difficulties. 1
2 money lending Asian countries Traditional 'sarakin' money-lending businesses were once prevalent 1
3 mortgages Asian countries Relatively less common due to cultural preferences for different living arrangements and property ownership models 1