Damn good point my friend ! The problem is that most people don’t realize this fact until it is too late. I bet the people in Greece have changed their outlooks on banks since the last crisis, but many people are naive enough to think it won’t happen where they live.
I like the part which you say about buying a house. So many people say “I bought a house” “ I own a house” that is not true. You own it when you get rid of your debt.
That is why I decided to go for a house in a much cheaper range than I could have chosen, because that gives me a realistic chance to pay it off early instead of carrying the debt my whole life. Even with the low interest rates these days if you don’t try to speed up the process of paying back the debt you will pay more than half the value of the house just in interest, and during that time you always can end up in a situation where you loose it all