The cleverest, wealthy guys, I know, barely finished high school.
I'm talking self made guys, and not guys from wealthy sympathetic families whom fund their kids until something turns a profit. Jonny at Dentek--you don't count, but daddy was a wiz.
If I had a child, buying real-estate, and learning the stock market, would be right up there with the three R's.
What you are describing is rent-seeking. Its easy to make money when house values and the stock market are expanding greater than the cost of money, particularly when you buy in at the start of the bubble.
Typically the limitation for real estate ownership is lack of access to credit, or a stable job enabling you to stay in one place.
Rent-seeking behaviour isn't always about manipulating public policy. If public policy allows you to commit rent-seeking behaviour, you can still choose not to carry it out. (Of course, you could make a lot more money by rent-seeking from those who have no other options…)
But yes, your main point is valid: it is entirely possible to (e.g.) be a landlord without being abusive. Heck, you can even give your tenants a better deal than they could've got otherwise, if the circumstances are right. The issue is that this behaviour (in many places) is actively disincentivised, so unethical people can push out the ethical ones.
I'm talking self made guys, and not guys from wealthy sympathetic families whom fund their kids until something turns a profit. Jonny at Dentek--you don't count, but daddy was a wiz.
If I had a child, buying real-estate, and learning the stock market, would be right up there with the three R's.