>> I don't know about you, but if my house burnt down, this would be a 
>> catastrophy. I would be homeless, and financially destitute. The bank 
>> isn't going to let you stop paying the morgage just because your house 
>> burned to the ground. And with no house to sell, it is impossible to 
>> buy a replacement. I'd basically be homeless for the rest of my life. 
>> I wouldn't be able to *afford* a computer! Why would I care about some 
>> holiday photos when I'm going to be spending the rest of my life on 
>> the streets?
> 
> You ever heard of this thing called insurance?

Sure. But I also know that an insurance company's job is to not pay out 
under any circumstances whatsoever. Their entire business model is based 
on preventing customers getting the money they're due. The fact that 
insurance companies are all doing so well indicates that they must have 
got very, very good at this.

> Doesn't the bank demand 
> that your house is insured against burning down (and various other 
> stuff) before giving you a mortgage?

I have no idea.

> Besides, AIUI once you are declared bankrupt you can start again afresh, 
> so assuming you didn't lose your job just rent somewhere until you can 
> save up enough deposit to buy a new house.

I don't know precisely how bankrupcy works, but presumably it means I 
get to lose all my savings, my pension and my car. (Fortunately, in my 
case not having a car isn't going to prevent me getting to work. It 
will, however, prevent my mum getting to work, and she earns multiple 
times my piffling income.)

Either way, exactly how many decades do you estimate it would take to 
save up the astronomical sum required for a deposit?

No matter which way you look at it, a computer is the least of my worries.

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