I wouldnt fault him either I just dont think he’s anywhere close to seeing what he needs to see to be ready based upon my very limited knowledge of what makes him tick.
Also, I said 50% won’t not 50% aren’t planning on it. I remember back to when i bought by first place in SD. It was about 1 year from the absolute bottom of the market (all luck by the way) and it was still very very scary. For the price that I paid for a 1300 sq ft townhome, I could have bought a 2800 sq ft home on a 1/2 acre in an area more upscale then I live in now and where incomes were significantly higher (i.e. avg income over $100K). I dont believe it will ever “make sense” to buy here and that it will always take a bit of a leap of faith.