Im good with that idea on investment properties. Though I have no issue with people having vacation homes. Theres a natural limit to how many vacation homes someone can have without a revenue source on the asset.
Owning homes isn't free, you know. It is a physically depreciating asset, that you have to take care of, whether you use it actively or not. Doing so costs money, so depth of your wallet puts a firm limit on the amount of properties you are capable to take care of.
So what? It is business as any other. If someone owns many hundreds properties, there is probably investor money behind that.
There is not a human right to get assigned a dream house. You have to purchase, build or otherwise procure it. People make different choices with their money, some people save/get mortgage and then get a house, other people will spend their money in other ways.
> Taxes and insurance alone put in a nice dent every year.
Just make sure you know what are you doing. For rental properties, these things will be paid by the tenant in the rent, and for those wanting to get their own property, it will push it even further out of reach.
