He's flat out wrong, he needs to seek guidance from the expert property moguls on hotcopper.
They will let him know that renting is dead money, and that everybody needs a place to live. Nothing is safer then bricks and mortar!! And that if he doesn't buy now he will miss the boat for ever and his wife will leave him.
It doubles every 7 years, it's true because I heard it from a taxi driver on the way to yoga class.
