Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Is it safe to take a new mortgage loan in Greece?
No it is not safe to take out a new mortgage - loan or anything credit related or any investment - in greece. Growing political risk, bonds have junk credit rating.  You will be underwater on your mortgage the day you apply for it. And you better believe that the buyers will be dry once you realize that it doesn't make sense to keep paying the mortgage. If you want to have some assets, there are more liquid things you can own, in your case: paper gold. Just rent.