The other part is that as the value of your properties increase, you can leverage this to buy more properties, capturing even more wealth. My old landlord was

The other part is that as the value of your properties increase, you can leverage this to buy more properties, capturing even more wealth. My old landlord was a civil engineer who went into business buying multi-family homes in Los Angeles with his brother-in-law maybe 30 years ago. They now own close to 30 buildings, maybe around 120 units total. I'm not unhappy that he's been successful. What's annoying is that this success is not replicatable by other generations. There's no way two people who make less than $100,000 are going to buy a single multi-million dollar residence, let along leverage that process 20 times over.