Not American here. I know a couple of people who took out a second mortgage to buy a small appartement to rent out when mortgages rates were at 1%. They probably have €300k in equity in both the primary and secondary home. And around €600 in income from the rental. I do not consider that wealthy.

Most landlords are leveraged up to the hilt. They may look wealthy from the outside but a close look at the figures says otherwise.

You don't have to be especially wealthy to own a second house and rent it out. That isn't poor, certainly, but I wouldn't call it wealthy either.

The original comment said "ultra wealthy".

> you need to talk to more people outside of your bubble

My bubble of... not-ultra-wealthy people? Are you saying I need to talk to more ultra-wealthy people? This makes no sense.