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In the outside world, people don't have a responsibility to educate you. They'll ignore you and let you continue with your misconceptions. Or take advantage of it, to your detriment. It's not a youth thing, BTW. Plenty of young investors here with loads of experience and knowledge.

Do you understand the difference between full recourse and non-recourse states in the US? Do you understand the implications of bankruptcy? Do you really think anyone who has a full recourse mortgage would deliberately default considering what happens to them, especially in Australia? No credit...

There's no such thing as universally applicable advice. You aim it as young people who have no financial clue, then that advice probably isn't useful for others.