Then smells like Greece before... you know... 

 Reminds me of right before the US housing market collapsed. Houses and cars and TVs getting bigger and bigger. 

 The same pattern everywhere... 

 Yeah. We never have debt, except for mortgages, so we always feel poor. Paradox. 

 People obviously thought they had a stable economy and things continue to be as usual, so they thought they can afford a loan to make their silly dream true. 
No one guarantees a stable economy though...