Home Sweet Home. Some amazing quotes:
"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."
In Manhattan, where the average apartment costs more than $1 million, the housing market is so cutthroat that a real estate agent attacked a seller—who had committed the sin of not hiring a broker—at his open house.
One study found that Los Angeles homeowners expect their home values to grow 22% every year for a decade.
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