The future is uncertain.
The three most important words in real estate: location, location, location.
Houses come with land, which has value, but in down markets, when builders aren't building, it has a whole lot less value.
Fixer condos in Manhattan go for six, seven hundred dollars a square foot.
More importantly, life is short - you work for a living, why take on a second job: living in a property that you don't love because you think it might pay out in the end. Buy something you love, live your life out loud, and you will be rich enough.