Actually, he might not be too far off. On autotrader.ca, I routinely see ITR's in the 18-30K CDN range. For example:
Year: 1998
Make: ACURA
Model: INTEGRA
Model Detail: TYPE R
Price: $22,300
Mileage: ------- km
Date: 12/20/02
Ad Type: Private
MINT CONDITION/LOW KM.
Comment: With A/C, Sony MD deck and 10 disc CD changer, Rockford amp. Bone stock, accident free, serviced & maintained with papers, never on a race track. A spare set of winter tires, no rust, low km. $22,300. (416)839-8993 (CDBMSD)
That is 22K CDN which is ~ 14K USD for a 98 ITR. In about 18 months, He should be able to find one for about 12K USD.