I truly and sincerely believe people like you are the real problem. The property 'market' (ponzi scheme) is a government guaranteed rort that is costing us billions and will end up costing us trillions. The syphoning of taxpayer money into the pockets of speculators is happening in many forms, not least of which is landlords increasing rents and taxpayers paying for it via 'accomodation supplements' (taxpayer subsidies).....which further incentivizes investing in the housing 'market' and leads to higher house prices. It is a vicious cycle with no end in sight.
Just saying housing is many people's retirement plan is a rather bland answer. Fair enough to have a plan for retirement, but this system of outrageously large capital gains sustained and gauranteed by central bank / government stimulus and subsidies & suppression of interest rates....it is just taking the p*ss, it really is.
Unfortunately for everyone, a large group of very greedy and entitled people are leadimng the country down the road to hell.