Somebody told me to get into property. I ignored him - now he's suffering, while I'm being rewarded for sticking with money based accounts.
If the majority of people you know involve themselves with property, you shouldn't follow them.
He's suffering now in the short term, but in the long term if he is able to hold on to them and prices/economy improves (which it will one day) then he should be able to be in better shape.
Tommy Shots: They want me running the family, don't they know I have a young wife? Sal Vitale: (laughs) Tommy, jump in, the water's fine.
