I cannot imagine reading this and not thinking that being a small-time landlord is a reckless decision on par with putting one's entire retirement savings into various derivatives and options except that society does a lot more to discourage the latter

people still do stupid shit with their retirement savings but it's generally discouraged, not tax-advantaged, and when you try to do it your broker shows a big banner that says WHAT YOU'RE DOING COULD BE THE STUPIDEST DECISION OF YOUR LIFE ARE YOU SURE YOU DONT WANT AN INDEX FUND

there's just nothing else that's this leveraged and illiquid where it's considered normal and ok for regular people to use it as an investment, and on top of all that you have to know the law and actively do work to collect your ROI. objectively it's insane this is allowed

anyway I care about as much about inequality in the housing market as I care about inequality in like 3x levered inverse oil shares