Of course, but people should go into it with the long term interest of the horse in mind right from the start, and anyone who expects to make money on owning horses is not being very realistic.
From my experience at the track, if a horse was running for a $1500 tag, if you inquired about purchasing it, the price would be at least $3k lol so purchasing privately was a bit tough. I was really more referring to the situations where you have horses that were allowance or say $40k claimers getting dropped in for $5 or something. I’d rather see the horse retired in that situation.