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Breeding horses well requires you have the best example of the breed in both conformation and temperament that has proven itself in countless show placings. Which means you would require two very expensive examples of your chosen breed before you breed to optimize the chances you get a quality foal that brings out the best of both parents. Starting with inferior stock increases the chances that the foal is conformed badly or has a poor attitude.
Buying a horse gives you the chance to choose from oodles of horses for free. Then you can determine if you can live with certain things like a long neck or a high strung horse. If not you can go onto the next one without having to sell this foal and wait for the next one. It also removes the chances that you create an animal that has to suffer with bad conformation the rest of its life. Shopping for a horse would be like going into a candy store and getting to pick your favorite. And with the resources available these days you could learn about breeds which aren't native to your area and find them online. The possibilities are endless.
So I'd have to say I agree with you. Breeding horses isn't like breeding bunnies, or even dogs. Its alot of genetics, time and money. And you may never get the perfect horse.
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