Probably because he has 0 faith being an investor in a completely rigged market that can implode in cascading deflationary collapse or Zimbabwe wheelbarrow hyperinflation at any second requiring entirely different strategies depending on what happens?  For people like me who study these things, the common sense notion is that the govt and (((banks))) will not allow deflation no matter what, so you would invest accordingly, but this is by no means guaranteed.

If he bought a house and tried to do it in long term payments and utilize the money elsewhere, hell, maybe he gets Cyprused in the process by the banks and they steal the money while still claiming he owes the money for the house that...the bank already stole!  Anyway, there is no way in flying fuck would I purchase a house right now at these prices.  Maybe at 1/2 these prices.  But the reality is that they will likely try to cause runaway 1970's inflation to prevent a real estate bubble collapse because the entire system collapses if they don't as I detailed here (in more thorough form of what I already posted in this thread):

The r0ach report 42: Debt enslavement revolves almost entirely around creating real estate bubbles

https://steemit.com/money/@r0achtheunsavory/the-r0ach-report-42-debt-enslavement-revolves-almost-entirely-around-creating-real-estate-bubbles