Only true if you consider the house an assett, assuming it's your ancestral home then taking out a loan to keep it puts your family in dept, and in risk of losing said Seat.
In other words, if it belongs to your family, it belongs to you, so loosing someone else's possession is a personal loss if they're from the family. I'm inclined to agree, but I can also see that as soon as you remove the family possessions = my possessions, it all falls apart.