Yes, losing your home after losing your job definitely happens in Europe. The difference is that many European countries have stronger safety nets: they may help with rent, provide temporary or social housing, or use Housing First, so unemployment is less likely to end in rough sleeping. They generally won’t simply pay off your mortgage, and the help isn’t guaranteed, but keeping people stably housed can be cheaper in the long run than repeatedly dealing with homelessness. It also makes finding and keeping work much easier. In the UK, for example, eligible people may receive Jobseeker’s Allowance and help with their rent through Universal Credit, or Housing Benefit in certain circumstances.