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A single property does not make a good substitute for a retirement fund. There's a reason why retirement funds allow you to invest in a diverse set of bonds with different rates of risk and across different industries. Putting all of your eggs in one basket is a stupidly risky move.

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It's not my only egg. My only point is, spending a large amount of money on a home is not necessarily just a net expense, and is actually very frequently (in those cities, SF, Seattle, NYC, Cambridge/Boston, etc) a "profit", even after interests on the loan.

Even if my property was to lose 50% of its value tomorrow, its still better than renting, or getting an expensive car, or whatever. And in the best case, it will have a hell of a return.

depends on the location of your property, a nice condo in NYC is better than most of the retirement funds.

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