Yes, that part annoyed me too. Its like a couple of the vested interests have still managed to pull a small amount of wool over Kochies even though he now generally has the right idea. Although I think he also likes to show the world how knowledgable he is, so spouting differencies in mortgage legalities across countries is more important to him than whether it really stops a bubble from bursting.
I'd like to see a chart of USA house prices in 'jingle mail' states compared to those without. I'm sure they all fell in similar proportions.
At least he did warn that if you're likely to need to sell, its better to be first out the door than wait for the bank to decide for you. And he suggested 25% equity - LOL, wonder how many who bought in the last 5 years would have felt nervous hearing that!
