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The story about leaving the house and the mortgage behind was not true USA wide, some states yes, others no.....

Another reason not to judge US as a whole

Another factor many Australians do not realise is that in many parts of Europe, loan interests are NOT variable;

so you buy a house in France at 100k Euro with a 1.5% loan (currently) on 20 or 25y, any inflation will be a major win for these borrowers..

the high inflation in the 70s/80s in France allowed a whole generation a painless access to property...

Compare this to Australia where we were supposed to pay nearly 18% interest on HL;

even much later , my first heavily discounted HL rate in the late 90s was >8% thanks to Aussie HL, some of the banks were still above 10%

so HL in europe: inflation is great for the borrower. here it is a killer