Are you kidding? This is one of the better times to buy a house, not quite as good as it will be in a year or 2, but definantly better then 2 years ago.
Buy cheap - sell high
Basic economics, this recession is pushing people out of their house and is lowering values. Sure if he tried to turn around and sell it tomorrow he would lose money, but 5 years from now? Not so much.
Keep paying on your apartment, then we will talk about who is losing money. //content.invisioncic.com/y282845/emoticons/rolleyes.gif.c1fef805e9d1464d377451cd5bc18bfb.gif