Real estate blogger taps into bursting market bubble
Tuesday, September 25th, 2007Three years ago, plenty of folks considered Patrick Killelea to be a loony tune raving about real estate Armageddon.
While most Americans - and especially people in the Bay Area - swore by the gospel that investing in real estate was a sure road to riches, Killelea, a disenchanted house hunter, peddled a heretical counterview: The housing market was a gigantic bubble ready to burst. Through his blog, Reality Parser (www.patrick.net), he expressed his view that home prices were grotesquely overinflated.




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