Another aspect of how home mortgages are more borrower-friendly in US is that in many states of USA if you default on your mortgage, then after foreclosure the

Another aspect of how home mortgages are more borrower-friendly in US is that in many states of USA if you default on your mortgage, then after foreclosure the debt is considered settled; while in many other countries the mortgage is just "extra" collateral, so if you default then the mortgaged property is auctioned, but if the proceeds do not cover the whole debt, the remainder still has to be paid in due term and/or accrues extra penalty interest; so a housing bubble followed by a mortgage crisis hits borrowers more and banks less.