Indonesian banks are known to hound debtors, but what happened to Octa defies comprehension.
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Prev: Earlier this month, the government changed some of the rules about how mortgage defaulters' debt is calculated, and how much banks can deduct from debtors paychecks.
Next: These perpetual debtors/ serfs will probably never own the home outright1, thanks to cyclical refinancing ( used to fund conspicuous2 consumption) and property taxes.
