I was a bit confused by the above article until I saw the date. Did this guy at least have the decency to run a retraction?
"While walking around the streets of Berkeley with Killelea, we ran into Kerry McAllister, a real estate agent who owns a house there and said it has been 'a fabulous investment.' "
Is it still "a fabulous investment"?
"He decided not to buy and thinks he ended up on top, even though the house has gone up nearly a half million dollars."
And how much has it gone down since?
"She is a little embarrassed that we don't own,..."
Is she still embarrassed or elated?
"Killelea's blog, Patrick.net, is a portal of housing pessimism."
Gee, the truth just sucks, don't it? What was it Reagan said? "Facts are stubborn things."
"Ken Rosen, a professor and chairman of the Fisher Center for Real Estate at the University of California at Berkeley, said Killelea's math is wrong. 'The advice not to buy a house is very bad advice.'"
Patrick, what is/was your response? Or is/was this a "I'm not going to dignify that with a comment" moment? What are this man's ACTUAL credentials BTW? Does he still believe his own press?
"Killelea said he does feel somewhat vindicated that the market is now reflecting a philosophy he's been espousing for years."
If you felt vindicated back in '07 how do you feel now?
"I used to be crazy, according to people who wrote in. I haven't changed, and I'm no longer crazy..."
http://abcnews.go.com/Nightline/story?id=3731415&page=2
I was a bit confused by the above article until I saw the date. Did this guy at least have the decency to run a retraction?
"While walking around the streets of Berkeley with Killelea, we ran into Kerry McAllister, a real estate agent who owns a house there and said it has been 'a fabulous investment.' "
Is it still "a fabulous investment"?
"He decided not to buy and thinks he ended up on top, even though the house has gone up nearly a half million dollars."
And how much has it gone down since?
"She is a little embarrassed that we don't own,..."
Is she still embarrassed or elated?
"Killelea's blog, Patrick.net, is a portal of housing pessimism."
Gee, the truth just sucks, don't it? What was it Reagan said? "Facts are stubborn things."
"Ken Rosen, a professor and chairman of the Fisher Center for Real Estate at the University of California at Berkeley, said Killelea's math is wrong. 'The advice not to buy a house is very bad advice.'"
Patrick, what is/was your response? Or is/was this a "I'm not going to dignify that with a comment" moment? What are this man's ACTUAL credentials BTW? Does he still believe his own press?
"Killelea said he does feel somewhat vindicated that the market is now reflecting a philosophy he's been espousing for years."
If you felt vindicated back in '07 how do you feel now?
"I used to be crazy, according to people who wrote in. I haven't changed, and I'm no longer crazy..."
Oh youse crazy alright,bub. Crazy like a fox!!
#housing