Home Sweet Home

When Time magazine makes the hot real estate market the front cover story it must be a mania.Check out this interesting story about John Williams a disc jockey from Long Beach,California:

Williams has made some money—he flipped his first two properties for a combined gain of $27,000—and quickly discovered that he's not alone. "I went to look at some homes in Palmdale- Lancaster [an area of Los Angeles County]," he says, "and the woman showing me and a group of other investors around was a hairdresser who works for Century 21 on the side. We went into Taco Bell for lunch. The girl at the register heard us talking, and she told us she just got her mortgage broker's license."

When the girl at Taco Bell is getting her real estate license you can call it "frothy".Time