alt Hacker NewsWell, there are multiple approaches, but here's one that worked well for me: when I purchased a home in the country where I now live, and the mortgage lender asked for a credit report from the (high-privacy) country where I lived the longest, what they got was a letter from that country's central bank listing the penalties for requesting that information. Up to and including jail time.
Suddenly the credit report was no longer a prerequisite to the mortgage.
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Wouldn't this make credit riskier for lenders, reducing access to credit in general and thus making housing less accessible especially to working people?
Not asking polemically, I just have never studied economics and wonder if my intuition here is flawed
You are so full of BS it's scary. No credit report is a non-starter at any financial institution that wants to stay in business. They won't be giving you a loan unless they know you are wealthy e.g. own 17 investment properties already. 'High-privacy' countries is code for 'tax-haven', and 'my money in the Cayman Islands' means your bank is about to run afoul of AML and KYC laws if they give you a loan. And this is the whole world: doing business with America means adopting their financial posture i.e. penalties for doing business with money launderers.
That is rad. Is your high-privacy country friendly to immigrants? Asking for a friend...
But for real. You say you no longer live there, so I'm assuming you left for more opportunities. My wife and I are interested in countries with opportunities for engineers and privacy. Bonus points if there is engineering research opportunities.