3) Economical to Borrow – What if people do not have enough money during recession? Does this mean they cannot save for the future? One does not have to forego the wish to buy land during recession, even if one does not have adequate cash. This is so because banks lend at a lower rate of interest during recession. This equates to the borrower paying less interest on the principal amount. This is good news for people who want to buy land but are running short of cash. However, people must have a sound source of income in the coming years to be able to repay the loan, else this step becomes futile. Lower lending rates of banks help them stay in the business even during recession. So, this is a win-win situation for both the lender and the borrower, namely the bank and the customer.