[randbox]

Those are all different things and different forms of borrowing though.

When someone borrows against cheese they are borrowing against existing personal property for which labor has already been supplied rather than borrowing against future earnings. The lender does not need to verify income and credit, just inspect the purity of the cheese. With a home loan, the owner is borrowing against the personal property in the building, as well as the common property in the land and the future earnings of other people such as their tenants.

Additionally in the case of a co-op, the interest charges the organization collects on the debt are usually reinvested locally for the benefit members.