He may be a troll, but I think it’s educational to react to some of the more plausible points and either dispel or correct them as some may be common misconceptions.
Another strange assessment in the original post was that buying in 1994-1998 was “too early”. WIth an absolute bottom in price in late 1995/early 1996, consistently buying properties in the period from 1994-1998 would be pretty much ideal.