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this post was submitted on 06 Oct 2023
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Sounds like he's a landlord.
So he's skimming of others income. A leech.
Even leechyness aside, it's just winning the housing market lottery. No one can afford a house right now, and if they could, it's not appreciating like crazy anymore.
The guy got extremely lucky with timing and also somehow found enough cash for a down payment.
Correct. It is not a universal solution.
"Can't make rent, afford a car, food, etc? Just get some rental properties!" -- out of touch wealthy people.