They're responding to attempted guilting. "Retirees will lose all their value they worked their whole life for" is the guilting, "actually they didn't earn shit by buying land and sitting on it" is the "not giving a damn". Your reply is literally the exact inverse of reading comprehension.
Housing should not be an investment. You should maybe be able to expect to get what you put in back out of it if you decide to sell. But you should not expect to profit 2, 3, 500% by waiting 20 or 30 years. Speaking from my personal experience, housing in Japan is extremely affordable and Japan is much, much better off for it compared to the hellscape that is US housing prices. And for what purpose? To reward people for already having wealth by passively giving them more of it?
Housing should not be an investment. You should maybe be able to expect to get what you put in back out of it if you decide to sell. But you should not expect to profit 2, 3, 500% by waiting 20 or 30 years. Speaking from my personal experience, housing in Japan is extremely affordable and Japan is much, much better off for it compared to the hellscape that is US housing prices. And for what purpose? To reward people for already having wealth by passively giving them more of it?