I used to play a mud like that, back in 1994. After playing for several months I'd managed to collect a pretty nice set of equipment, but the further I progressed the more difficult and time-consuming it was to pay the rent for that equipment. In the end I was required to play over an hour each day just to earn enough gold to keep my equipment until the next day (plus I had to earn extra for the weekends, or else catch the bus to University for a couple more hours of play) - it was either that, or lose the rare equipment that had taken months to collect.
In the end I decided it just wasn't fun any more, and moved on to another mud. I never played another rent mud again though.
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