Especially when those 2nd, 3rd, + properties are being used as passive short term rentals. Observing the state of the housing situation “Hmm there aren’t enough homes for normal families to each have a chance, I should turn this extra property of mine into a vacation rental.” does this make said person a POS?
To be honest, the mix of it is, I understand the concept of your hardwork going to essentially a pension for yourself. Which is what historically reliable invests typically amount too, but I also see removing access to liviable land and the houses on them as unethical in a world where people don’t have housing.
I would prefer more modest investments like loans to cooperatives, government bonds, and mural funds over it and instead choose to take the surplus value to create things like community land trusts or housing coops to make where you live more safe and sustainable.
There is also the choice to invest in micro generation of energy, community or personal gardens, home effeciciny, and making your home handicap friendly (which is a huge help as we age). Of course paying off debts can also be a great place to invest in to lower your liability.
Just my plans and thoughts.