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Information Junky
Join Date: Mar 2001
Location: an island, upper left coast, USA
Posts: 73,167
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You don't know what tomorrow will bring.
Sure, but, aside from death, he knows they need some place to live.
Even if the market holds flat, (projections say increase) they've come out ahead in rent not purchased. And they have a nicer, more comfortable existence.
If the market falters then just how much would it have to slide to make staying not a good call?
I'll add, selling is just as speculative as not selling. But not selling is less work.
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Everyone you meet knows something you don't. - - - and a whole bunch of crap that is wrong.
Disclaimer: the above was 2¢ worth.
More information is available as my professional opinion, which is provided for an exorbitant fee. 
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