[dominotw]

> this is very good for retirement.

i can buy a house in detroit for $400 and pay no rent . is it a good retirement?

[imtringued]

It's a house and you can live in it. You're isolated from the job market because you receive a pension. It's definitively a good investment assuming you bought it in a good condition back when its price was $200000.

[bluGill]

Depends, do you like the neighborhood in Detroit? This is a personal question, don't let anyone else's hate of Detroit tell you different.

[dominotw]

exactly. It depends on whether you like it or not. having a house is not a good investment by default.